Clubbing Provision section 64(2) says that when a member of HUF transfers any of his property to HUF for inadequate Consideration, then the income arising from such property would be clubbed in the hands of the member who transferred the property and not in the hands of the HUF.
My question : if the property is transferred to HUF at a value equal to Stamp Duty Value, then would the clubbing provision be applicable or no ?
As Stamp Duty Value is not an inadequate Consideration, can this section be invoked is the doubt.
Please do clarify my above doubt.

Is audit mendatory for below 8% profit of gross receipt/turnover, if ITR 4S filed under 44AD. Regards Jitender

My uncle buy a house property In 2010 Now he sold the property with a capital gain of 6.4lac Before he didn't claim Interest Now wat are d consequences Whether he can interest or not ? Drop ur answers Thanks in advance

can anyone tell me the procedure for revalidation of icwai inter registration..

I have a client finalisation to do. He has sold his self occupied property a flat which he sold during f.y. 12-13.
But before selling this property he had bought another property which is now self occupied by him.
I want to know how the tax will be charged. Whether on normal tax slab rate or any other percentage.

And whether there is any deduction he can get on the property sold.(capital gains)
The flat sold is purchased on 1/7/2000.

Dear Experts,

We are an IT company in development of software in Chandgiarh IT park registered under sales tax. We are an 100% export oriented unit registered under STPI. We procure various material for development of soft wares. Can we obtain C form from sales tax department for issuing to the vendor in respect of purchases though we do not have any domestic sales.

Thanks in Advance
Pardeep

A Switzerland based company has charged $20000/- for machinery erection and staff training to Indian proprietary concern.Whether TDS is deductible & if deductible at what rate ,10% or 25%.The Switzerland company is not having pan as well as permanent residence in India.

is there any thing new introduced in Isca syllabus for final May 2014 exam or the syllabus is same as it was for nov13 exam??

Dear Sir,(ALL)
Please provide me MOA & AOA of a Building Construction and Interior company Pvt.Ltd.

Thanks,
Best Regards,
CA.Sandeep Gupta

dear sir,
if service recipient received any service from any service provider who is not registered under service tax; on which reverse charge is applicable and such service recipient paid his liability under RCM but there is no payment made by service provider on his part. I want to know there is any legal proceedings can be initiated against service recipient for receiving any service from unregistered service provider. such service recipient does not take any cenvat credit of such amount...