Dear Sir,
I have filed a return for Asst.Year10-11 in which capital gain arised but all gain has been invested in Capital Gain Account.So I have not mentioned the capital gain amount in return. Now on withdrawal of capital gain Form G required tobe signed by ITO. So will ITO create query for non disclosure of capital gain in return. However interest on that gain and bond have been disclosed and tax pai thereon already. Please let me know the conclusion.
Regards,
Anil Thakar.
Accountant.

Proprietorship
In Tax Audit Annexure I - Taxes on Income paid/provided for in the books - Should i reflect advance tax as per books or as per Form 26AS which i have claim in my Tax return.

How many years of the business loss should be brought forward ( being the lower of the two) to reduce from book profit u/s 115JB, applicable to A.Y 2009-10 and A.Y 2010-11?
Please clarify (urgent)?

The case pertains to the Financial Year 2008-09, Assessment Year 2009-10

During Export Sales, an agent commission is paid (Remitted Outside India) and the agent does not have any business set up in India and moreover the agent is a Foreign National. Will TDS Liability be attracted on the Overseas Commission remitted by a Resident Indian Company

An assessee purchased House Property and spent money on construction of boundry walls, installation of main gate, repairs n renovation before shifting to that property. Does all these expenses amounts to Cost of Improvement? The assessee dont possess any records of such repairs like payment to workers and purchase of material i.e. bricks, cement etc. Can he still claim the benefit and on what grounds?

My wife earns interest on bank FD; the FD money was gifted by me to her. How will the clubbing provisions apply and how should i include the income in my ITR as TDS is deducted in her name. Kindly help.

whether there is any decided case law -

a firm manufactures candle from paraffin . whether this activity amounts to manufacture or not

sir,

we are making payment to Kenya Government for inspection of our unit in India. here my quation is

1) TDS Payable or not
2) if TDS is there how much percentage we have to deduct?

CAN NAME OF HUF BE CHANGED IF NAME OF KARTA HAS CHANGED
NAME OF KARTA
HIREN NAVIN SHAH
HAS CHANGED TO
HIREN NAVIN GUDHKA
SIMILARLY
CHANGE OF NAME OF
HIREN NAVIN SHAH (HUF)
TO
HIREN NAVIN GUDHKA (HUF)

AND ANY PROCEDURE

F.Y. 2006-07 In Loans and advances name of X shows by Rs. 5,00,000/-

After 4 Years(F.Y. 2010-11) capital gain arise Rs. 4,30,000/- (Assume after all calculation)

In that year i write off Mr. X's a/c as Mr. X is not eligible to pay my money.

So, Now Tax Treatment will be in LOSS (After set off u/s 70) Loss will be Rs. 70,000/-.

HEY MY FRIENDS ONLY EXPERTS WELCOME..........