how much money can be given in cash as gift by son to mother. Please confirm it.

Treat it as most urgent

Hello friends,

Here I like to discuss the taxability of Capital Gains in the following situation...

1. Mr A the owner of land has executed a registered power of attorney in favour of Mr. B.

2. Mr B has sold this land to Mr.C through POA.

I like to know that who will be liable for capital gains tax?? Mr A or Mr. B?

Dear sir

I have a doubt regarding accounting treatment of purchase of share for investment purpose by a proprietor.

please help me to pass journal entry for the same in the books of account.and please explain the rule behind such an entry.

Thank You.

Dear expert,

Can a person open a PPF Account for his wife and his child..?
Can we opt for a joint A/c ?

Pls reply !!!

Dear sir,
Can I File the Itr-1 for the AY 2013-14 after 31-03-2014. TDS already deducted by the Employer. May i get any penalty for late filing of ITR-1.

I am Just wanna to know that if an assessee filed E-TDS Statement after Due Date without payment of Interest u/s 234E...& thenafter if an Assessee got an notice from IT Department for initiation of Interest u/s 234E...On that case whether an Assessee is Liable to pay Interest u/s 234E? However Tin-NSDL center accept the TDS Statement without Interest u/s 234E.... Whether Notice u/s 234E can be issued by Dept., as same E-TDS Statement is already filed by an Assessee though after due date...???

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=812480

Respected sir/mam

If a company wants to reduce the subscribed capital mentioned in memorandum at the time of incorporation, so is their any provision for reducing the same in companies Act 2013

regards

I am Just wanna to know that if an assessee filed E-TDS Statement after Due Date without payment of Interest u/s 234E...& thenafter if an Assessee got an notice from IT Department for initiation of Interest u/s 234E...On that case whether an Assessee is Liable to pay Interest u/s 234E?
However Tin-NSDL center accept the TDS Statement without Interest u/s 234E....
Whether Notice u/s 234E can be issued by Dept., as same E-TDS Statement is already filed by an Assessee though after due date...???

As per Service Tax Act business entity does not include individuals. So whether proprietorship concern is business entity or not?

Thanks in advance.

Dear Friends

Last year one of my client(individual assessee) had turnover of Rs.58.00 Lacs but since the profit was less than 8% hence audit was conducted(due to section 44AD)

Now this year he has paid interest to some party of Rs.25000/-(Turnover is still less than 1 Cr)

Whether he is liable to deduct TDS u/s 194A

As per my view, after reading section 194A it says that TDS to be deducted only if individual assesseee was liable to audit u/s 44AB(due to clause (a) or (b) of 44AB i.e.due to turnover criteria ie.e.having turnover of Rs.1 cr)

Please guide me in this regard

Thanks