For AY 2012-13, I have received an intimation U/S 143(1) with a demand amount of Rs 8136.
In my Income Tax return I declared total Income after deduction as 598973 including the capital gain of 36900 (from Short Term Share Market thru NSE).
Total tax deposited was 53349 and I requested a refund of Rs. 1128.
But the intimation shows the capital gain as 73800 (just double) under the column
As computed Under section 143(1). I had calculated 15% tax on capital gain.
Please inform whether I was wrong and the demand is OK ? If no please suggest remedy.

hello
please tell me what is the probability of applicability of companies act 2013 in nov 2014 .. whether IND-AS will also be applicable if new companies act applies ?

service tax applicable for gold manufacturer or not. There was difference of openion on service tax applicable for gold ornaments manufacturer or not. Need Some Perfect Help Regarding this matter.


Thanking you

Sir,
Whether TDS shall be made on Service Tax Component also?
It is clarified by the CBDT vide Circular No.004/2008 dated 28.03.2008 that TDS shall not be made on service tax component only in case of 194-I.

So, what about TDS on Service Tax Component in cases other than 194-I?

Whether owning a residential house in joint names disqualify the joint owner from Section 80EE benefit if he/she goes for new house in his/her name??

which is best book for accounting standards ..

sir,
as per provision of section 180 of companies act 2013, every company has to seek special permission from members if borrowing exceeds paid up capital , free reserves and already taken borrowings...
in case of private company:
1.is there any %limit for borrowing.
2. what should be done in case the borrowing already exceeds the said limit.
3. loans from director/ related party/ inter corporate borrowings shall be included or excluded and upto what extent while calculating the limit.

i am confused whether to prepare thememorandum and articles of association of company according to the companies act 1956 or 2013.
please get the solution asap..
thanks in advance

I have a commercial property rented for hospital with annual rent of 162000(after TDS by tenant).
My question is regarding service tax,
I understand that landlord is suppose to pay the service tax unless specified in agreement(which I did not), so I have to bear it.
Now as per agreement and registered documents there are 3 people as landlords(we are 3 brothers) in other words the rent is been paid by hospital splitting into 3 equally.

So each individual person annual income works out to be aprox Rs.5,40,000.

Will there be any question of paying service tax?
Please advise.

Thanks in advance

I have taken a housing loan. The instalments are being paid to the bank on regular basis since June 2013 but the possession of the house is not with me and it would be given to me in 2015 only. Till then, as I understand the law, I cannot claim the rebate of interest paid on housing loan u/s 24(b) until I get the possession. But can I take the benefit of principal paid to the bank u/s 80C even before taking the possession i.e. in F.Y. 2013-14?