THE ASSESSEE SOLD HIS LAND OF RS.50000/-(COST) & MADE REGISTRY OF RS 1100000/-(ACTUAL SALES VALUE). IN THE REGISTRY THE DLC VALUE (I.E. STAMP DUTY VALUATION, FOR SEC. 50C)OF THE LAND IS 2300000/-. THE ASSESSEE DEPOSITED THE WHOLE CONSIDERATION OF RS. 1100000/- IN CGAS A/C. WITH IN RETURN FILING PERIOD.

NOW, QUESTION ARISES WHETHER IS TO CONSIDER THE DLC AMOUNT FOR CALCULATING CAPITAL GAIN U/S 54F OR NOT. AS THE WHOLE CONSIDERATION RECEIVED IS DEPOSITED IN CGAS A/C.
KINDLY GIVE YOUR SUGESSTION. (WITH DECIDED CASE LAW IF ANY)

I am trying to register in www.tdscpc.gov.in for downloading form 16B relating to section 194IA. I entered the following validation details viz., PAN ,DOB, first,middle and last names, asst year, challan serial number and amount in 'OPTION-2'. Validation code is entered correctly. When I clicked 'proceed' an error message viz., 'requested resource could not be found' appeared in the next screen. Date of deposit of tax is 03-01-2014 and date of booking as per sellers form 26AS is 06-01-2014. Please help.

how to check availability of company's name in order to incorporate pvt company in India. I hav written name of proposed company in mca website,but after searching 'no match found' is being displayed on the same site..


please help me, how can i check availabilty of company's name

Sir,
Is it necessary to show/mention those bank a/cs in the ITR where there has been no transaction at all and debits are some bank charges upto Rs 100-200 and credits are bank interest upto Rs 100-200 , especially if these minor debits and credits have been included in the total computation.
Thanks in advance

Hello Everyone!

This is Narendra and I just wanted to know that if tds is applicable under both the Act will it be deducted under both the act?
e.g. if a person has to pay to a contractor Rs. 80000/- for the contract price, the tds will be deducted under I.Tax @1% Or 2% as applicable and also 2% or 4% under VAT Act?
I actually wanted to know that in case of individual contractor the tds will be deducted 1% and 2%(Regd under Vat) totalling 3% on 80000/- Am I Correct or not?

How can we discharge liability (demand )rised by department for late payment of TDS.

Please Send the procedure for deposit the same.




Regards
Mukesh

We are registered under Excise as Manufacturers & we have been paying regularly.

My question is Service Tax exemption of Rs.10 lacs is available to us ?

If a school wants to purchase Building on the name of secretory & for this school will transfer fund as Loan to secretory .Building is being purchased for the purpose of to be sold in near future then what are the ways of saving tax in the hand of school?

I have filed my e-return for AY 2013-14 which contains refund n my refund was to be processed electronically . After filing my return i have realised that i had punched wrong bank details ie typographical error in punching bank account no.
How do i rectify my mistake? should i give any manual written applicaion to the assessing officer to make changes and release refund or is there any procedure to online make correction in filed return

Dear Sir,

During the year 2012-13, Company "A" received fund from company "B" where the director of "A" company is a director.All amounts were received through Bank transfer. The amount has not been repaid by Company "A". However while going through the audited accounts of Company "B", it has been understood that the due has been repaid by the common director and settled the accounts accordingly.

What will be the recourse to settle the issue in the books of "A".?


Can we show it as Share application money received from director by passing journal entries in the year 2013-14 and issuing shares in the name of director?

It is not possible for us to correct the accounts in the books of Company "B" which is in no way accessible to us.

Please advice,

Regards,

CA Sajana E V.