I want to give certificate form 26A for TDS for FY. 2008-09 as per Section 201 of Income Tax Act, 1961. is it correct??

If a company has taken an asset on finance lease then can it be given as security for raising loan and if yes, whether its charge registration is required under section 125 of Companies Act, 1956?

SIR,
MAY I KNOW HOW TO GET THE LIST OF ALL SUNDRY DEBTORS AND CREDITORS CREATED, WITH THEIR TIN NUMBERS (SALES TAX NUMBER)IN TALLY ERP.9.
AWAITING FOR YOUR QUICK RESPONSE...

please help me. I have got a case where in there's a partnership firm with 4 partners . 10 years back the value of plot of land was 10 lacs. each partners had contributed 2.5 lacs each. in 2014 the land was revalued and its value is 1 crore. now my questions are 1)is revaluation permissible? 2) in accounting how it will be treated? 3) is it taxable and what will be its tax impacts? please help me..

ca and cs timetable dates are claseing. is there no co ordination between two big professional institute ???
reallyy ??

1) payment made to contractor did not exceed rs. 30,000 or rs. 75,000 for the first few moths of the year.

2) in the month of september, the total payments exceeded rs. 75,000.

3) kindly suggest when tds entries are to be passed i.e on the date when the earlier payments were booked or one combined entry when the limit was exceeded in september.

Whether carry forward business loss of an A.Y. can be settled in next assessment year only from business income or it can be set off from any other source income also.
AND loss of owing & maintaining horse race of DELHI can be set off from Horse race owing & maintaining income of BANGLORE in same A.Y.

If fresh shares are issued by a pvt Ltd company to an individual at a price below FMV.i.e. for inadequate consideration

What will be the tax implication ?

According to me , the difference between the consideration and FMV will NOT be taxable under section 56(2)(vii).
Because on reading the section along with Memorandum to Finace Bill 2010.. it implies that section 56(2)(vii) is applicable only on transfer and not on fresh issue of shares.And will it be taxable under any other section ?

Please can any one provide a judgement supporting the above or any other authenticate clarification with proper source....

If you are against my interpretation, kindly give your view with proper source.

does payment made to hotel is also covered under section 194 i (if yes) then can explain the same concept.....


thanx in advace

Hi sir/mam,

Can you please solve my query:-

That if any assessee take the money from bank for the business purpose but doesn't use the said money for business but he uses it some where else and that amount is being dis allowed by income tax department so is there any case law to cover up from this problem.

Reply as soon as possible.