commstudies
02 March 2014 at 16:25

Futures

Sir/Ma'am,
Can you please explain the concept of 'Futures' along with example?



Anonymous

Hi, Everyone,
Currently am undergoing Secondment under a CA - Proprietary Concern, Now he is going to convert/converse the Proprietary into a Partnership Firm. So i just wanted to know that do i have to follow any procedures? or do i have to intimate the institute of this?

Thanking You,


Guest
02 March 2014 at 16:17

Tds on sale of immovable property

Our client has purchased flat in which he and his wife are joint owners and property value is Rs.1 Crore.
But we have filled only one form26QB and total tds @1% is paid in it. Is it correct or if we have 2 fill 2 forms can any one suggest how we can rectify the same . please help as it is urgent


saurabh
02 March 2014 at 16:16

Dual pan card

my sister having two pan card as having 2 address in two cities.return are submitted only in one city now the pan card against which no returns are submitted the tax liability is there now how can I do in this case as both cases are with different assessing officer and with which assessing officer should I proceed ,??? pls guide


shobhit khandelwal

Is deduction under section 8-IA & 80-IB allowed in case of Belated return?

If yes, please provide the case law.


Ramanathan
02 March 2014 at 14:41

Tuition fees under section 80c

Dear Team,
Requesting your advice on the following case

Admission fees of Rs.3500/- (The school mentions it as "Advance Collection" in the cash receipt)

Term fees Rs.7595/- for first term, Rs.2375/- each for second and third terms (Have not paid yet but is it okay if the school mentions it as Term Fees only)

Since the school does not mention the nature of fees as Tuition or not, can i claim the following as deductions this year Rs3500 + Rs7595 + Rs2375 + Rs2375.

Also appreciate your thoughts if the fees paid to a school where my son discontinued also qualifies (despite me claiming the fees in the next school where he joined).
Regards,
Ram


B R PATEL
02 March 2014 at 14:23

Giving cash gift to spouce

Sir,
I want to give around 49000 rs as cash gift to my wife for tax saving FD.
How can I declare my gift amount in IT return filling for tax exemption.
Under which section, this amount can be declared.
I am salaried employee and I comes under 20% tax slab while my spouce is housewife.


CA Ashwani Agarwal
02 March 2014 at 14:08

Sale of sole properietorship

An assessee wants to sale his Sole Proprietorship business to another individual. what should be the procedure and what would be the tax implications of the same in Income Tax and VAT.


Ashwin
02 March 2014 at 13:45

Tds not deposited by deductee

Thank nikhil but party is not willing to deposit tds so can I directly pay tax if yes than what is interest & penalty


Mahima Jain
02 March 2014 at 13:25

Query regarding service tax

on what amount will service tax be levied if gross amount of commission received by Agent A on goods sold by him is Rs. 10 lakh and from which he passes on the commission of Rs. 6 lakh to his sub agent B.






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query

Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details