Anonymous

SIR,
A COMPANY HAS INCURRED LONG TERM CAPITAL LOSS ON SALE OF EQUITY SHARE RS.1.30 CRORES AND HAS EARNED A LONG TERM CAPITAL GAIN ON SALE OF LAND
PLEASE GUIDE ME WHETHER THE CAPITAL LOSS CAN BE SET OFF AGAINST CAPITAL GAINS
THANKING YOU


PANKAJ KUMAR SRIVASTAVA

SIR,
A COMPANY HAS INCURRED LONG TERM CAPITAL LOSS ON SALE OF EQUITY SHARES RS.1.30 CRORES AND HAS EARNED LONG TERM CAPITAL LOSS ON SALE OF LAND RS.1.50 CRORE
SIR PLEASE GUIDE ME THE LOSS CAN BE SET OFF AGAINST PROFIT
WITH REGARDS



Anonymous
31 May 2014 at 13:25

Tds

Is TDS applicable on hire of van for deliverying goods to customers?



Anonymous

Dear Sir,
My Client is filed his income tax return for the A.Y.- 2011-12 after due date. he is submit ITR-V signed with the CPC. Then Now, CPC intimate him that your ITR-V is received after due date. He is claiming refund in his return. In such situation, whats action has been taken on my client part for availing Income Tax Refund.


heeetesh chauhan
31 May 2014 at 13:17

Tax deduction u/s 80g

Dear Sir,
As per new companies act 2013 we have to make payment under CSR activity.Can we claim deduction u/s 80G if payment is made to any institution/Trust which is covered as eligible trust u/s 80G.

Thanx


divita agarwal
31 May 2014 at 12:58

Sec 295 urgent query

it says that sec 295 doesnt't apply if the loan is given by a public co to another public co. But than it says that it applies if loan is given by a public co to a body corporate of which not less than 25% of the voting power is exercised by such director.

my question is that does the definition of body corporate includes "public co." too?


Guest
31 May 2014 at 12:41

Taxing of mutual associations

Dear experts,


Should bank FD interest received by mutual associations like clubs be taxed at 30%?

As per circular no 320 of 11/1/1982, CBDT has clarified that where the members are not entitled to any share in the income of AOP, the tax will be payable on the rates ordinarily applicable to such AOPs and not at maximum marginal rates.

Then why do the excel ITR 5 utilities calculate tax @ 30% directly? Kindly comment.



Anonymous
31 May 2014 at 12:20

Articleship training

Hi,
Its been around one month since I joined my articles. But I'm afraid that my firm is not to the expectations i got in my interview session.
My current firm have lots of data entry work and internal audits, but i'd like to get exposure on stat audit, bank audit, filings on st, vat, MCA and CAG related works.
I'm confused that what will be the picture of me on passing CA with no or less exposure bcos of my articleship training.
Kindly suggest me suitable answer .
Thanks in Advance.


CA LALIT PATIL
31 May 2014 at 12:17

Financial management

Can anyone explain the risks and rewards of using options (Put and Call).



Anonymous
31 May 2014 at 12:16

Ptofessional ethics

Is it necessary to share fees of both the countries in case of a partnership between an Indian CA and a CA of a recognised foreign professional body?? If no, then provide the source where it is written? ?





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