My husband and myself were joint owners (flat's first name was mine) of a flat purchased in Feb' 06 for Rs. 8.40 lacs. We sold this flat in Nov' 13 for Rs. 28 lacs. We have purchased another flat jointly in Dec' 12 (my husband is its first owner) for Rs. 28.22 lacs including stamp duty, registration and taxes. What are the capital gains for me in FY 13-14? Can I claim capital gains exemption even though the new flat purchased in Dec’ 12 does not have my name as its first owner? I do not own any other house in my name. My husband also owns two other houses in his name.

Gross income 500000 without any claim of deduction 1 lakh or 500000 after claiming deduction? Which 5 lakh limi ? How to claim

Dear ALL

Kindly guide in the following doubt/issue related to working of EPF act 1952:
1) Employee joins the org with a Basic pay+DA of Rs 10,000/- Is employer contribution @ 12% upto Rs 6500/- compulsory?
2) In the above ex is the employee contribution @ 12% compulsory?
3) If a Employee joins the Org with a Basic pay plus DA of Rs 4500 and Gets promoted and after promotion the revised Basic pay plus DA is Rs 10500/---In this case after promotion is Employer Contribution @ 12% compulsory upto Rs 6500/-?

Date of communication : 03/01/2014

Dear Deductor,

Greetings from CPC (TDS) team!

We are committed to improve processes and end-user convenience with our continuous efforts. With this objective, a new version 3.8 of the Return Preparation Utility (RPU) and version 4.1 & 2.137 of the File Validation Utility (FVU) have been released by NSDL.

As the due date of filing of quarterly TDS statement for third quarter of FY 2013-14 is approaching fast, you are advised to use the new version of RPU to prepare statements and validate the file with new FVU to submit TDS statements, well before due date (15th January for Non-Government deductors and 31st January for Government deductors).

The new versions features following significant changes from the previous:

1) Discontinuation of functionality to delete Deductee records: For the purpose of correct reporting, deletion of Deductee rows is no longer permissible in the TDS statements. Accordingly, the delete option available under “Updation mode for Deductee” has been removed from the RPU.
Date of deduction should not pertain to previous quarter: The relevant quarter in a TDS statement is determined by the date of deduction. Further, to correct any transaction having a Default, there would be a necessity to report transactions, where date of deduction may be of subsequent quarter. In the light of above, 2) Date of deduction in deductee records should not be that of previous quarter. For example, if the statement pertains to Q3 of FY 2013-14 (i.e. Oct- Dec 2013), then the date of deduction should not be earlier than 01/10/2013.
3) Please note that the challan paid with a specific section code can be utilised for consumption with any other section code in the Deductee rows. For example, a challan with Section Code 192 can be used for any other sections 193, 194, 194A etc. in the challan detail row.
4) Change in the column header for “Interest Amount” in challan details of RPU: The heading of column no. 20 under Challan details has been changed as “Interest to be allocated/apportioned”. Please note that CPC (TDS) will consume Interest as reported in the above stated column and therefore, it is important to quote the same correctly.
5) Generation of Form 27A by TDS/TCS FVU: An acknowledgement in form 27A can now be generated and printed using the new versions of RPU and FVU.


i don't understand 4th point, whoever can clear this point

As a CA student how to manage stress and handle pressure ?

Is it true that if a professional such as a doctor or lawyer withdraws an amount of Rs.20,000 at a time in day from Western Union Money Transfer then the entire amount so withdrawn is liable to penalty?


Thanks in anticipation!

If house property is used by an Assessee for business or profession carried on by him , the profits of which are not chargeable to tax. what would be the tax treatment of income from such house property? Under which head this income would be taxable ?

SIR,

NOW I WOULD LIKE TO STUDY CA AND I APPROACH ICAI INSUTITE IN PONDICHERRY. THEY ARE ASKING MY EDUCTION PROFILE AND I TELL MY ALL EDUCATION QUALIFICATION. BUT THEY FINALLY TOLD ME FIRST TO FINISH CPT AND THAN NEXT. SO I WANT TRAINING IN CPT AND WHERE I CAN FIND DETAILS.KINDLY HELP ME

THANKS
SRIDHAR.G

I was filed my original return on 31-7-13 for A.Y 2013-14. On 8-8-13 i was filed revised return with some additional income. Again i got some income from business which at that time the details not available. Since it is available now once again i want to re file my return Is it possible? If not possible for 2nd time revised return what are the remedy to do?

my organisation pays some fixed amount directly to land lord by entering into an agreement directly with the owner. though rent agreed might be more they pay only some restricted amount. as they pay in this fashion they do not pay me hra. as hra is not received i am unable to claim exemption for it. as the rent is paid by employer directly i am unable to claim rent paid deduction. however the amount paid by employer to land lord is added to my income as perquisite. i am loosing in this fashion. pls guide how i should save tax..