assessing officer informed that no exemption is alowed when the residential house is purchased which is not a new building. i mean ready residential house purchased by the assessee which is of 6 years old house. other condition of the asset satisfied can some one please share view on this denial.

Material purchase for administrative office can avail vat input or not.
Thanks in Advance.

what is proforma invoice and when it is issue and what is its uses.
thanks in advance

I did not join any coaching due to some family problem. my ca final attempt in nov 2014 not enough time to join coaching and complete both group tusion so that now I am trying to self study for Nov 2014 Ca final exams. plz guide me some tips tricks and suggestion. practice manual And RTP are sufficient or have to learn module. any reference book for Ca final all subject which are self explanatory and how to give answers to score exemption and importance topic which are use full to clear Ca final exam . thanks in advance.

A partnership firm stopped manufacturing business and started trading business in FY 13.14. The turnover for FY 13.14 is Rs. 50 lakhs and profit before interest Rs. 1 lakh. Interest Rs. 4 lakhs was paid on unsecured loans, no interest and salary is paid to partners. The firm has received Rs. 10 lakhs from a Pvt ltd. co.(a related party) on a deposit which was kept kept as deposit in the preceding years and interest on Income Tax refund Rs. 50,000/-. After considering the above the net profit as per P & L is Rs. 750000/-.

1. Whether the interest received is to be treated as income from other sources?

2. Whether audit u/s 44AB is applicable considering provisions of Sec. 44AD?

I started my article ship about two month ago. For the same I sent form 103 to Icai Kolkata branch but through DTDC courier . Now I came know that 103 through courier is not use to accepted by icai, for the same I am calling to Kolkata branch but unfortunately i use to get busy tune all the time.....please any one help me on this problem ....I hope anyone will understand my problem and will help me as soon as possible.

I had purchased an agriculturel Land Rs. 157000 in 1974 & a residential House Rs. 245000 in 1975. now i sold land in Rs. 1580000 & House 2500000. How Capital Gain Tax will be calculated.

i have purchased a residential house & take Unsecured Loan for it . Can i utilise the fund to pay the loan & save capital gain tax.
kindly ans my query.

One of my Assessee’s income tax cases for assessment year 2012-2013 is under consideration. There was two expenditure debited by him in income and expenditure account in accounting year 2011-2012, Service tax demand for financial year 2009-10 for Rs. 132520/- Interest on service tax for financial year 2010-11 for Rs. 55642/-AO raised oral information to us that as the accounting system of Assessee was mercantile system. So why payment for previous year from the period under consideration, should be disallow under section 40 of income tax act. Please guide me what is the provision of section 40 or this type of govt. statutory tax liabilities due to service tax or other revenue department audit or scrutiny proceeding.
Thanks
Mukesh Khandelwal
mukesh_khandel@yahoo.com
9828242065

Respected Experts,
My query is as follows:-

If a person transfer a asset to his or her spouse then what amount shall be considered as adequate consideration.

Whether any monetary amount or amount calculated as per section 50c i.e. amount determined by stamp valuation authority or fair market value

sir
i need a emergency help from any one i am doing a project on cooperative banks working capital problems but i don't know how how to solve my one of the objective this is that


"to review the working capital and to identify the problems of the bank"

pleas help me