Please let me knoe whether advance tax is to be paid 100 % on the capital gain on sale of land/ plots???in capital gain 30% , 60% provison of advance tax not applicable??please reply fast...its urgent....

A firm has a turnover of Rs. 32 Lacs and Purchase during the year of Rs. 42Lacs.

Pls guide whether tax audit u/s 44AB applicable or not

A firm has consignment sale of Rs. 15 Lacs against form F and received the commission for that from consignor. his other turnover is of Rs. 27 Lacs.

Pls tell will the consignment sale will include in turnover for tax audit purpose as the firm has shown that consignment sale in his VAT return also.

Pls guide

While uploading income tax return sign with USB token, " can not read file for signing" message appears. The DSC has been registered with tha IT deaparment for boyh Co and Signing person. Kindly advise me at your earliest.

A Resident Assessee have pension received after deduction of TDS to Rs. 150000 from England.and also received Salary in india Rs. 250000 in F.Y. 2009-2010.how can we determine tax liabilities in A.Y. 2010-2011. and what ITR Should Applicable.

Dear CA CLUB Experts

This year for ITR Filling ,The digital signatures attached with PAN , is compulsory.
But what about the company in which directors are foreigners having no PAN.


Thanks In Advance


Deepika Tyagi
primecfo@hotmail.com

Dear Sir,

This is regarding a clarification on a firm taken over by pvt ltd company.

The partership firm had me and my father as partners. Subsequently taken over by a pvt ltd [formed by us], lock , stock and barrel... thereby not attracting capital gains.

The shares to an extent of the capital and other assets were issued to both of us, in a proportional ratio.

Now my doubt is.... if my father wants to gift me his share of the business... is it possible without atttracting capital gains.

Kindly explain

Regards

Hai dear friends,
As per Notification No.94/2009 dtd 18.12.2009(wref 01.04.09)
salary for the purpose of valuation of accomodation excludes (w.e.f FY 2009-10) the foll:
Gratuity, Severance pay, leave encashment, voluntary retrenchment benefits, commuted pension and similar lumpsum payments received at the time of termination of service or superannuation or voluntary retirement.
Please clarify whether leave encashment or any other receipt of the above nature received during the service is covered in the above notification or it covers the receipts at the time of termination only ?
Thanks in advance

whether CIT can reopen A.Y. 2005-06 where assessee claimed brought forward dep. allowance of A.Y. 92-93 and 93-94.

what is exact status of Period of limitation? FRom which year the unabsorbed dep can be acrried to subsequent 7 years?

A pvt. ltd co. is manufacturing harvestor combines. On sale of every combine, it paid commission which is between Rs. 2000-2500 per combine. Total commission goes to Rs. 135000/- in the year 2008-09. Per combine commission is paid to different person means one person is in receipt of Rs. 2000-2500 only. No single person is receiving more than Rs. 2500.
I want to know whether this is tax deductible or not???
Whether the TDS provisions are applicable???
If yes, then under what section and At what rate??
Please reply