1. Assessee had purchased factory premises for Rs.1 Lac in F,Y. 1983-84. Today its WDV is Rs.5000/- after claiming depreciation all these year. Now he has sold above premises for Rs. 50 Lacs and he bought new factory premises for Rs. 20 lacs. How to compute Short Term Capital gain and long Term capital Gain???

2. Continuing with the above example suppose in A.Y. 2013-14 he had incurred business loss of rs. 15 lacs. He had filed return in time.Whether above computed Capital gain can be reduced by the carried forward business loss of A.Y. 2013-14???

Dear Sir,
There is an assessee whose actual net profit rate is 3% and his closing stock comes to Rs. 371000/-.
If he opts Section 44AD @8%, then his closing stock comes to 528000/-.

Now please advise me in itr 4S he should mention closing stock coming out of actual net profit
or
He should mention closing stock out of net profit declared u/s 44AD.

Waiting for your reply.

Thanks and regards.

In form 3CD it not possible to give quantitative detail of principale product as my client, one in retail trading of electricle item and another in medicle drugs. Now what to do? What is the reporting requirement from my side? please reply fast,it's urgent...

What to do if ITR V Got Rejected ???

Now what i have to do, Revise Return Or Belated Return Or Again file Original Return?????





anyone!!!!

PO SB A/C INTEREST IS EXEMPT UPTO 3500RS
ALSO DEDUCTION IS AVAILIABLE UNDER 80 TTA

SO THIS IS DOUBLE BENEFIT?

In Form 27C -Part II Section What are the details & documents to be furnished

Dear Sir


Any one pls tell me the PT rates applicable for Delhi for F.Y 2012-13.

I want to file ITR for AY 10-11 and 11-12 in response to the letter issued by the department for not filing the same.can i do so ?? and what about penalty of 271f ??pls suggest

Dear Experts,
I have a client, who couldn't file his Income Tax return for the A.Y. 2012-13 and he has refund. So, I would like to know that Could his return, for the A.Y. 2012-13, be filled now ? If yes, will he get refund amount for that year ?
Please suggest me.
Thanking Your

A friend had submitted late filing of returns for AY 2008 and 2009 in Jan this year. Even though the taxes had been submitted by the MNC that he worked for, the filing was done late. When he went to check on the refund status, he was told by the AO that the system is showing a notice under sec 153A and sec 153C which he himself does not know and will check. Can you advise what is this and can he get his refunds even though he has filed the returns late? As per the CA who filed his return, he feels that friend is eligible for refund but no interest on late filing however the AO was of the opinion that this cannot be claimed now. pls advise?