Dear Sir,
Where assessee is opting section 44AE. While filling Part P&L of itr4, whether the gross receipt can be given in the column of "Gross receipts"

Or
I have to give only net profit figure there?

Please clarify.

I sold my flat which was purchased in aug 2008 in may 2014.The purchase price was 22LakhThe interest on loan was approximately 4LakhThe sale price is 41,50,000How to calculate capital gains or loss.Can capital loss be adjusted from current years tax liability from salary ?Pl help

sir , we invest 2000 in bond of helios plantation and developers ltd on 6th March, 1997 maturity date was 6 th march, 2012 but we forgot to get payment and company status today I watched is dormant company..can I eligible to get my bond in any course...please suggest sir

sir,
A company, XYZ, has 100 acres of land in its own name. In 2009 it had availed a loan against this property.When there is warrant against this property, owner of the company pledged this property to another one,A, and settled bank's claim in 2011 April. But this is known only to the owner of the company.But accounts does not shown this adjustment, i.e. bank loan is existing in the balance sheet.The owner is compelled to sell 10 acres on behalf of "A" in May 2012.But entire amount is handed over to "A", company has not availed any money, under the agreement between owner and A.Another 10 acres of this property is transferred to one of their employees under a compromise. These transactions are not recorded in accounts.the company prepared Balance Sheet only upto 31/03/2011.
1. In which year these transactions are recorded?
2.What was the capital gain of the company?
3. how much amount are paid to Income TAx?

a minor received a property from his grandmother who died some years back and the minor is receiving rent on that property which exceeds Rs.10,00,000/- per annum.

my query is who has to file return for the rent received ??

What will normal/General rate of Gross Profit incase of business of Petrol Pump.

(1) If a HUF gifts shares in its possession / holding to any one member of the HUF, is it taxfree in the hands of the member?

(2) Can HUF do so or is it necessary to allocate the value of shares equally amongst all the members of the HUF?

Hi,

I am a salaried person. My 26AS is showing 24 entries for 12 months, 12 entries have U status and other 12 have F status but TDS amount which is reflected is of 24 months. So is my company required to revise the return ? or I should consider only the F values, ignoring rest of the U values ?

8.00% Nett Profit against the Gross Receipt should arrive before [Depreciation + Remuneration] or after [Depreciation + Remuneration]. 8.00% Nett Profit against the Gross Receipt or against the business income.

Whether it is mandatory that a penalty should be levied under the act..please provide anu supreme court judgement regarding the same...thanks in advance