Is this section applicable of transfer of Leasehold property under which only lease rights are transferred by the original lessee and actual ownership remains with the government. Also what are the consequences of non deduction of TDS in this case.

A company under liquidation has property at cost price stated in books at 1.20 crs. It sells the property at 1.60 crs. On this transaction it may have to pay capital gain tax and then the available proceeds can be distributed to equity stake holder after settling the other liabilities.can this capital gain can be saved? since it cannot invest in bonds u/s 54EC as it is going to be wound up.

One of our employee has retired last year...Now he is working as associate with marketing firm and having income that of commission on which TDS Has been deducted u/s 194h. In addition he has interest income from bank on fixed deposits..

My question is which return form he should submit for AY2013-14.

Kindly clarify the matter at the earliest..!!!

Hello All
Can any one suggest me about taxation of IDFC Bonds purchased in 2012. The interest is taxable or not?
Kindly advise.
Regards
Sanjay

ANY CA FINAL STUDENT WHO HAVE COMPLETED HIS ARTICLESHIP CAN START HIS OWN PRACTISE AS A TAX CONSULTANT OR AS A INCOME TAX PRACTIONER .... IS THERE ANY CONSEQUENCES OF STARTING THE PRACTISE BEFORE GETTING QUALIFIED ....... COULD ANY ONE HELP THIS ISSUE ?i m not asking for attestation ...Pls throw some light on this

Dear Sir,

We'd sold a House Property in FY 2011-12 and invested the inflated Sale Proceeds in Tax Free Bonds by NHAI. In 26AS for AY. 2013-14 there is an AIR notings for the investments we made in Tax Free bonds of NHAI.
Please advise what I need to do in this context in my next Tax Returns due to be filed in July 2013?
Would appreciate your expert advise.

Many thanks and best regards...

DEAR SIR,
I HAVE FILE A RETURN IN 2010-11 AND REFUND WAS DUE ABOUT 3690/- BEFORE THE RETURN COME I HAVE CHANGED MY ADDRESS. AND THE REFUND IS NOT COME YET SO WHAT I HAVE TO DO NOW FOR CLAIM OF REFUND BACK ........

whether Pre-operating expenses of business is allowable as deduction or not? In Profit & loss no Income reflected only expenditure are there...

Dear All,
If an assessee has a capital gain in previous year on sale of property on the last day(i.e.31 Mar) and he has not invested in that year against sec 54. and paid tax on that.

I the following AY he invested the same money against Sec 54.

Then how can he claim and what is the procedure?

I received notice u/s 139(9)in which it says that there is negative profit in gross profit or net profit in schedule.

actually, my client incurred loss derivative of Rs. 12000 and i have shown negative profit i.e loss and in profit loss schedule, i have shown this loss under the head" Assessee not maintaining Books of Account" hence i did not fill profit and loss a/c and balance sheet.

Now, while responding to this notice, what should i do?