Respected Sir,
Say X(wife) is the first/primary holder in a joint saving bank account(EITHER OR SURVIVOR) in which Y(husband) is the second holder. Both are self employed professionals .Till date only husband has transferred money from his bank a/c to this joint a/c because he wanted to make payments for property purchase through this joint a/c in order to purchase in joint name. Wife has never deposited her income in this joint a/c.
MY QUESTION IS - Can the husband Y treat this bank a/c where his wife is the first holder as his individual bank a/c for the purpose of income tax purposes?
Is their some provision in accounting ot IT Rules?

Thanks in advance

Sir, how to remember all the sections and sub sections of company law and audit?

A pvt ltd company is planning to sell its plant & machinery (Wind Power Project)(depreciation rate @80% as per Income Tax). The WDV as per IT is Nil and the sales proceeds are approx. Rs 1 Cr. The gain in my opinion is short term capital gain subject to tax @ 30%. Is it correct? Also is there any way to save this short term capital gain tax?

My Widow Mother purchased Residential House on 16/05/1985 and died on 26/12/1993. The Inherited Residential Houses property having FOUR Legal heirs sold for Rs.30 Lacs during the F.Y.2012-13. I have received 25% share of Rs.7.5 lacs. Will it attract capital gain tax? How to calculate it?

Dear all

we are manufacturing concern registered in India. we had participated business exhibition outside India. on participation charges we had wrongly deposited service tax on reverse charge basis. But as as Place of provision rule service tax was not applicable.

Can we take service tax refund for wrongly deposited service tax or we can take credit for tax so deposited.

R/SIRS,

WE HAVE FILED APPLICATION IN VCES SCHEME OF SERVICE TAX., WHAT WILL HAPPEN NOW WE HAVE NOT PAID 50% AMOUNT NOT BEFORE 31ST DEC 2013.
BUT APPLICATION IS ACCEPTED BY DEPARTMENT.

Dear Sirs,

I have a client who has started a music and dance academy, my question is whether such academy becomes liable to income tax on the incomes generated by following activities:
1. Dance and Music Class
2. Dance and Music Programs.

Thank you.

What are the procedure for increasing authorised share capital? Please provide step by step process?

1. The Company is a private limited company inorporated in dec-2013 withe authorised share capital of Rs. 1 lac now it is to be increased to Rs. 28,00,000/- fully equity shares only.

Dear Sir,

Kindly tell me what are the provisions as per new Company Act,2013 if Holding Co. gives loan to its 100% Subsidiary Co.

Whether any restriction is there or limit.

Can any 1 Explain me the concept of threshold limit of TDS. for eg. the TDS on commission is required to be deducted if payment exceeds Rs 5000 p.a that means no TDS is required to be deducted till the first payment of Rs. 5000/- and than we need start deduct the same.

Please please explain the above ..to remove my doubt