An urban land has been purchased in the name of the company for residential purpose( to be given to the directors).
area- 350 sq mtrs.
year of purchase 2010

What will be the effect on wealth tax return of the company in accordance with Wealth Tax Act.

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

my client has taken service tax registration no. in jan 2012 .,but not provide any service till today. he wants surrender service registration no. whats amount may pay for penalty. compounding of penalty available or not?can officer wave penalty?

urgent reply me?

If an audit report(3CB-3CD) was filed but in the attachments, for balance sheet and Profit and loss A/c only 1 page each for both was uploaded without any annexures.

Are there any consequences of filing revised Audit report just to correct the mistake in these attachments?

Please reply. Its very urgent.

how much cash can be deposit into saving bank a/c in a year. so that income tax problem can not be arise.?

if cash is deposit in single person a/c but in diff. banks then is there any problem from income tax point of view.

Can a Chartered Accountant use Domain name/Website or ICAI has some restrictions over this too?

If there are no restrictions, then up to what extent these service can be used by him for his profession?

DEAR SIR,
WE ARE SUPPOSTED TO DOWNLOAD 16B FOR PROPERTY BUYERS AFTER THEY HAVE DEPOSITED THE TDS AGAINST FORM 26QB. RECENTLY WE HAVE DEPSOITED TDS AFTER GENERATING CHALLAN AND 26QB. AFTER GETTING THE RECEIPT FROM BANK AFTER ONE WEEK WE TRIED TO REQUEST FOR 16B BUT AFTER PROVIDING ALL THE DETAILS SUCH AS ASSESSMENT YEAR, PAN NO OF THE DEDUCTEE AND ACKNOWLEDMENT NO, THE TRACES SITE DOES NOT SHOW ANY DATA AND SAYS NO DATA AVAILABLE FOR THE SPECIFIED SEARCH CRITERIA WHEREAS ON OLTAS THE SAME IS SHOWN WHEN CHECKED ON CIN BASED SEARCH. PLEASE GUIDE WHAT SHOULD BE DONE TO DOWNLOAD FORM 16B. MAIL WRITTEN TO TRACES HAS NO EFFECT.
REGARDS
SUBHASH CHAND MITTAL

Res. Sirs,
Assessee sold immovable property(res. flat) in fy 2011-12. long term Capital gains comes to 12 lakhs approx.He incurred a loss of Rs 4.75 lacs in intraday and short term equity and F&O Trading in fy 2011-12.
MY QUESTION IS
DOES THE INCOME TAX RULES PROVIDES FOR SET OFF OF SHORT TERM LOSS IN EQUITY AND F&O TRADING AGAINST LONG TERM GAIN IN IMMOVABLE PROPERY IN THE SAME FY?
I am asking about set off in the same fy because the return is going to be filed belatedly and I am aware that the losses can't be carried forward now at this stage.

please reply quickly
thanks in advance

Hi,
I have invested Rs 10,000.00 10 years ago. As per the document after maturity i should get 28910.00, however actually i got 27011.00 and i was told that 1891.00 was deducted as TDS, and they asked me to collect the TDS certificate after 4-5 months.
so my question is can i get the certificate and can i get the refund while submitting my returns.

or what is the procedure for getting the deducted TDS amount?

what is the changes is made after retirement of the partner from partnership