Dear Sir,

The facts of the case is as below:
1. A property which is Used as Mandap (Convention Hall) is jointly held by couple.

2. There is no partnership agreement.

3. Amount received in joint name credited to their joint name.

4. Expenses are deducted and net profit arrived.

Query :

a. Whether is to be treated as AOP and income tax accordingly? OR

b. Whether is can be treated as House Property and claim share of income and related expenses as allowed under law in their individual names separately.

Request all experts to clarify with their views.


Regards.

Nagappa

my brother is opened his bank account before six month and now he wants to return file for last three years for the purpose of obtaining loan
so is it possible to file return without having of bank acconunt

Dear Sir,
As per Sec. 87A individuals having Income upto Rs. 5lacs are entitled for rebate of Rs. 2,000/-
I am not very much clear that, it is applicable for FY 2013-14 or 2014-15. When i checked online at incometaxindia.gov.in, it is clearlt mention that it is appl. w.e.f. 01-04-2014, however some writeup says it is available for FY 2013-14.

Pls clarify

Thx
Rahul

A co. is formed on 7-3-13. When will be its 1st balance sheet & 1 ITR become due?

Thanks in advance

while calculating book profit should interest paid to partners (12%)be reduced or it should be addedd back to the profit and then remuneration to be calculated

Dear All,
My friend is persuing ca IPCC in articleship0. He wanted to do further course along with ca there is confusion regarding which course to take up to add more value to his career. He is confused about CMA OR CFA.
Please suggest which is best?

Dear Experts,

my company is a telecom company. we are hiring vehicles i.e motor cars for various purposes like drive test etc. (not for carry of passengers). and this activity constitute major part of our output services. another thing is that we are not hiring vehicles from same service provider. depending on the availability and location we are hiring from different parties.

Now my question is that "is it required to pay service tax on reverse charge mechanism'.

my friends auditor is getting vacancy on march 7th. .will his registeration be successful if his date of commencement is from 12 th march..or he has to wait for any information from icai to auditor...he will be 10th student. if reg..is there any problem he shuld be faced needed help..

As there is 2 partner in firm and 1 partner died in 2006 at that time no new deed was formed so is it become a proprioter and dosent need to execute partnership deed ...? or dissolution deed need to be formed ? as no deed is formed at that time is it valid to form now???

Dear Experts.,

i am proprietor in shirts and pants stiching garments shop and ready made lunkies purchase and sales shop. what under head business code no. i am filling ITR.
help me.
thank Q