pls clarify my question regarding the below case.A person doing stock trading business he got 1200000 income during a year.He also trading personally in his account and incurred loss now my doubt is can show loss in his income tax return and can deduct such loss form above loss? if not how can show above loss in his return please clarify clearly by giving example.
Thanks in advance.
Regards,
Shivateja

We have paid monthly salary/ Remuneration to our director Rs. 80,000/-. bcoz he is working director. As Per new provision applicable from 01.07.12. TDS on director remuneration is deduct u/s 194 J. In above condition can we deduct tds under 192B as a salary.

Dear Sir/ madam

we have a proerty in form of land ( declared as forest land by government ) in Faridabad, Haryana, measuring 20000 sq ft. This is a unconstructed piece of land and even doesnt have any approach road. this proerty is in our companies name which is a pvt ltd company.

ARE WE LIABLE TO PAY WEALTH TAX ON THIS PROPERTY?

AND IF WE SELL THIS PROPERTY WHAT IS AN IMPLICATION OF INCOME TAX?

DO WE HAVE TO PAY BOTH WEALTH TAX TILL WE SELL IT AND INCOME TAX ON PROFIT EARNED AT THE TIME OD SALE?

PLEASE HELP IN ANSWERING OUR QUERY

An individual is a share holder along a overseas corporate body and running a private limite company.

Now the individual has agreed buy the shares of the overseas corporate body and agreement has been entered.

Before remitting the money TDS u/s 195 is to be remitted. since the individual has no statutory obligation to get a TAN number what are the possibilities by which the amount can be transferred to the govt acct?

Is remittance of the TDS amount say 20.6% or 30.9% to the PAN of the overseas corporate body be sufficient proof of discharging provison u/s 195? (overseas corporate has a valid PAN under Indian Incom tax).

Weather Non filing of Softex Forms with STPI, debares Assessee From Claiming Exemption u/s 10B of I.T. Act?
Will it make any differance, if FOB Value certified by STPI and As Per Books of Accounts are different?

We are the importers of anti virus products, importing through email. the principals of the anti virus is USSR. But the agrement made us between india and UK, in this case what is the with holding tax on royality ?

Can you help in this regard

Dear Sir,
In case of a assessee, who is a civil contractor and his contractual payments are only 21 lacs and also opted section 44ad for the same.
Please advise on one point, whether the form 16A issued by deductor and assessee's bank statement is sufficient to prove turnover before the AO.

Please clarify.

suppose, i purchased Life time software for unlimited patient usage from Belgium. can a TDS applicable on payment of that purchase ?

My client is going to start a scheme. There are around 450 members. Each member will have to pay Rs. 2500 p.m. for 60 moths. There will be 60 draws in which lucky winner will be awarded with big prizes. At the end of the scheme each member will receive a plot of land at pre-decided area.

Now my question is that plots will be alloted at the end of 5th year. But installments will be started from first year. Now how to show these installments in the books of accounts..? As income in P & L or advance Under current liability..?

Constituent of my client is registered partnership firm.

Hi,
My query is regarding capital gain issue. I had booked a flat in a society 2 years back in 2010 of Rs. 42 Lacs and possession of it was after 3 years in 2013 but in june 2012 i have transferred this flat to some one else at Rs. 55 Lacs and invest the same amount for booking of other flat.
My query is that whether i will be attracted capital gain tax if yes then is it Long Term or Short Term and secondly whether i am eligible for exemption under section 54.

Thanks in avance