X, Karta of HUF, out of the HUF Funds an Asset of Rs. 50 lakhs each gifted to his nephew & niece on 1st Nov 2008. The coparceners of the HUF challenged the gifts and as a consequence gifts were held to be void.
Whether the asset of the amount of Rs. 1 crore is taxable as wealth of X HUF for the valuation date 31st March, 2009 or not? Who is liable to Pay Wealth Tax?

My grandmother had aquired a built up property in 1965 worth Rs. 10,000/- only but she was a housewife at that time & payment was made by my grandfather. Now, the same property has been sold in the month of Jan. 2006 for Rs. 64 Lacs (all through cheque). Due to some family dispute, I had to file a civil suite against my grand mother claiming my share which was compromised in lok adalat at a consideration of Rs. 30 Lacs which grandmother had to give to me to withdraw the suit.30 Lacs were recd in a joint a/c of me and grandmother which I withdraw to buy self assets. Now please suggest about tax liability of my grandmother and for me also. Is money given to me i.e. 30 Lacs taxable for me?

hi can anyone help me to tell the procedure to be followed in repayment of a home loan which is taken from ICICI and want to transfer to the nationalised bank in the middle of the repayment period....what are the considerations which must be seen while effecting such a transfer...and whether it is recommendable or profitable or not....please reply me at rishabh_mishra35@yahoo.com

Hi

I am a CA not having COP. I have not completed 10 CPE credit hours in the calendar year 2008. I want to know the consequenses of the same. Also can I square off the position by having extra CPE Credit Hours in calendar year 2009?

If a Person gets salary Rs.15000/- (In cash)p.m. What he should go for better Salary planning.
Also to save taxes.
Better Financial Planning like LIC,Shares,F.D.,Sbi PPF others.
Plz suggest.
Nothing But future Planning.

Hi Everyone,

When we get a foreign exchange remittance from oversea the banks usually provide a credit note stating the total amount (in Rupees) less bank charges. This amount is credited in the customer's account.

But being a customer of the bank, How can we verify that the amount credited was actually realized by the bank? They may credit less amount although they may have realized higher amount due to foreign exchange fluctuation.

Can anybody forward me Excel functions like Vlookup & HLookup.

I am waiting for your reply.

please,anyone send me the details regarding detailed information of TDS provisions and computation?

Dear Sir,

Do we need to deduct TDS and PF when we make provision for leave encashment at the year end when the co has or has not a policy of carry forwarding the eqarned leaves?

Thanks

Regards
Gaurav Rastogi
9971230877

Plz, clerify me
when Sale Bill is called that it is original.

wheter Auditor is reqd to check the
Horizontal calculation in the Bill
e.g. Rate * QTY = Amt