CA SHAH DILEEPKUMAR
11 May 2012 at 19:06

Section 44ad

Share transactions i.e. a person dealing or trading in shares and the income is shown as income from business from such transactions. Is it covered u/s. 44AD. If a person doesn't show 8 % of his turnover of shares, he is required to get accounts audited u/s. 44AB.

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SAMIR DESAI
11 May 2012 at 17:48

Depriciation

Dear sir i have a proprietor ship trading business & i have fix assest office-2500000,car-500000 & furniture 150000 than we got exption of depriciation if yeas than how much

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Anonymous
10 May 2012 at 14:24

Wrong payment of tds

Dear Expert,

In previous quarter, we have to wrong payment of TDS u/s 194I amounting Rs. 2387. Is there any procedure to claim refund for such amount?

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Anonymous
09 May 2012 at 12:15

Appeal submission

plz send me a sample of submission before cit(appeals) in word or pdf format

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Anonymous
07 May 2012 at 16:58

As-7 applicablity

Our company engaged in property developement. Right now we have only one residential project. We started the construction 3 years back. Expenses incurred upto last FY 10-11- shown as WIP in balance Sheet.

FY 11-12 we started booking and got advance from some customers. it will take another 2 years to complete the project.

Kindly explain applicabiity of AS-7 in this case.

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Anonymous

Hi Friends
I have cleared my CA Exams in November 2011 attempt.I have got my COP two days back.Can i sign tax audit report for the FY 2011-2012.Please help me out.

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Anonymous

if the new dirctir is appointed and the member of the co after 1 month of the incorporation with the net worth of the co 1 lacs rs. & 10000 shares issued,

can co issue shares to new director appointed at a par ?

if yes ? what are the impact on the income tax part calculation?

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Reenakhowal
04 May 2012 at 18:37

Changes in fiance act 2011

sir can u send me changes made by fiance act 2011 in direct and indirect taxes.

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Vishal
04 May 2012 at 09:57

Hra deduction

Hell Sir,
I have a problem related to HRA deduction fro AY 2011-12. Please Solve it.
I have worked as a Computer Faculty (Contact Base) from April 2011 to 28-Oct-2011 and got 10000/- Rs as Consolidated salary and i donot get HRA during this period.

I got Regularised on 29-Oct-2011 IN Education departmant.

I want to pay my IT RETURN.

I PAY MY HOUSE RENT OF RS. 48000/- FOR YEAR 2011-12 .

PLEASE TELL HOW CAN I CALCULATE HRA DEDUCTION FOR CONTRACT PERIOD AND REGULAR PERIOD.

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Anonymous
03 May 2012 at 14:45

Query

Dear Sir/Madam,

I have made 5 FDs (each Rs. 4 lakhs) in Apr 2008 and have auto-sweep facility in my SBI account which gives interest every year. The bank provides Form 16A. Till now I have not shown it in my ITR thinking that 10% is already deducted and paid to IT department. I have enchased one FD in Jan 2009. Now I have to fill ITR for 2011-2012.

How can i show previous interest income to avoid any future penalty by the tax department? I shall be highly grateful for help in this regard.

Regards,

G. Kumar

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