ABC Pvt Ltd (Indian Co) has 2 directors, one being a resident Indian (Mr.A), the other person being a Non Resident (Mr.B).

Mr.B is also a Director in a Foreign Company (XYZ Company) which transacts with ABC Pvt Ltd.

Mr. B was Director of ABC Pvt Ltd , even before XYZ Company was formed.

Whether the 2 (ABC Pvt Ltd & XYZ Company) entities are associated enterprise or not?

HELLO

PLS LET ME KNOW WHAT WILL BE TREATMENT IN PARNERSHIP ACT IF PARNER TAKING OVER ANY OF THE ASSET FROM PARTNERSHIP FIRM

IN MY CASE PARNER IS TAKING OVER CAR FROM FIRM AT A LOSS

Can two clearing forwarding service private limited companies amalgamate, since it is not an undertaking u/s72A

whether an existing clearing forwarding agency(Pvt ltd company) can take the loss of another clearing forwaring agency( private limited company).

What is procedure of calculating the taxable income of a trust?What will be the impact of not applying 85% of its income on charitable purposes and accumulating the same??

Dear All

U/s 54 assessee gets exemption if he purchases any residential house 1 year before or 2 year after or if he construct a house within 3 years from the date of transfer. But it is nowhere specified that on whose land the the construction is to be done or whether or not cost of land will be included in the cost of construction or not.

Thanks

i have a small confusion regarding calculation of stock in trade / turnover ratio, in Tax audit 3cd form.

what does the ratio represent & how to calculate?

Is it stock turnover ratio or anything else?


its urgent... pls

Respected sir
my question is that if in a family all are tax payers can they invest in lic policy or other investment and can take the deduction on behalf of others
as all are tax payers filling sepret treturn investment

The order is passed by the Director of Income Tax (CIB) U/s 271FA with regard to annual information return. May I know, to which body the appeal can be filed against such a order?

in the case payments made to transporter how much we can pay in cash in a day and second query is can we pay against more than 1 GR we can pay him in cash excess rs 20000/-

Mr. A has been in India since birth In A.S. Year 2011-12 he has been in India From 01.04.2010 to 28.02.2011 , then his India company/ employer send him to South Africa for work from 01.03.2011 to minimum for 1 year terms to maximum 2 years. In South Africa his employer cut TDS as per South Africa tax structure.
Now my querry is what rate of income tax applicable to Mrs. A?
He has to file return In India? Or South Africa?
As for his income for the A. S. year 2011-12 ?
As for his income for the A. S. year 2012-13 ?

He has no other income except salaried income!