Patel
13 May 2014 at 13:46

Huf pan

I want to apply for HUF pan , I understand from uti that I have to give a undertaking to them on stamp paper but they are not sure what will be the amount of stamp paper

Can you please tell, is there any need to type huf undertaking on stamp paper , if yes then pleas tell me what the amount of stamp paper

Regards,
Patel


MOUNIKER REDDY
13 May 2014 at 13:46

About termination of articles.

WHAT IS THE TIME PERIOD ALLOWED TO REJOIN CA FIRM AFTER TERMINATION FROM EXISTING CA FIRM?


Sudeep Kurrey
13 May 2014 at 13:39

Taxation of intraday share trading


Dear Sir, I m Sudeep From Raipur an assessee doing share trading personally. In ay 2013-14. I hv a loss of 34107 from intraday share trading. Being speculation loss Whether it should be audited? And if yes under which section? Books of ac's is required to be maintained? I hv heard that capital income and speculation income doesn't attract tax audits. Only normal business income comes under it. Also I hv admit it on my itr for carry forward without audit. And after sone time I hv received a notice u/s 143(1). In which department has added that loss of 34107 as profit under business and profesion head. And claim a demand of tax. What I hv to do? Pls clarify me thank you.


Sudeep Kurrey
13 May 2014 at 13:36

Taxation of intraday share trading


Dear Sir, I m Sudeep From Raipur an assessee doing share trading personally. In ay 2013-14. I hv a loss of 34107 from intraday share trading. Being speculation loss Whether it should be audited? And if yes under which section? Books of ac's is required to be maintained? I hv heard that capital income and speculation income doesn't attract tax audits. Only normal business income comes under it. Also I hv admit it on my itr for carry forward without audit. And after sone time I hv received a notice u/s 143(1). In which department has added that loss of 34107 as profit under business and profesion head. And claim a demand of tax. What I hv to do? Pls clarify me thank you.


Amar kumar karna
13 May 2014 at 13:30

Net loss

Dear Sir,

Firm Name: Patna Book Store(Partnership form)
Two partner include total Capital Rs 11000/-
i making Pl account there show Net Loss: Rs 13000/- when i finalize above account there i adjust loss in capital account, Now capital show Rs 2000/- Negative

pl advise me capital show negative is correct or not ? where is loss adjust ?

pl sir advice



Anonymous

Pl let me know the procedure for increase in authorised share capital and issue of shares at premium as per Co act.2013



Anonymous
13 May 2014 at 13:16

Vat rate in gujarat & punjab

Dear Sir,

we are reseller of cosmetic product im Maharashtra , now we want open our branch in gujrat & Punjab, so kinldy let me know the rate of vat for gujrat & punjab state.

thanx

Mohini


CA.Ashutosh
13 May 2014 at 13:04

Balance sheet

Dear sir/madam


greetings of the day

someone kindly tell me whether balance sheet prepared under schedule vi is required to be file in income tax department along with the retun. if not when it should be filed.

thanaking you
ca ashutosh



Anonymous

Dear Experts,

A person is having proprietorship firm ABC and he is also a partner in a Firm XYZ.
If a machinery is purchased in name of proprietorship firm and on same day of purchase the proprietor wants to introduce that purchased machinery in the partnership firm XYZ as his capital.
Then in such case who will claim the benefit of depreciation XYZ or ABC.
In my opinion since Partnership Firm XYZ is using that asset therefore XYZ should claim depreciation benefit. But at the time of assessment AO will say that the bill is in name of Proprietorship firm and depreciation is claimed in XYZ.

I want to know what is the proof of ownership for partnership firm for any moveable assets which is introduced by the partner.

Regards,


Varsha Agarwal
13 May 2014 at 12:55

Depreciation

Dear Experts, Kindly clarify what is the depreciation rate for commercial vehicles acquired after 1st october 2009 as per income tax act?





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