My Company has ended up deducting about Rs 1 lakh additional income tax from me over what is correct. They did not take my loss from hoiusing property calculation.

Alternatively I have to pay Rs 2.10 Lakhs of Long Term Capital Gains Tax for the same FY.

Can the excess Income tax be deduced from the long term capital gains tax payable.

Thanks

VIshal

Whether issue of fresh shares - rights shares at a price lower than the FMV would attract Section 56(2)(viia) & Section 56(2)(viib)? Please guide.

Case was selected for scrutiny with the remark "AIR ONLY". Notice u/s 143(2) is

specifically stamped with the remark.
Now the A O has issued notice u/s 142(1); with the lengthy questionnaire containing

more than 40 questions covering all the aspectes of the assessee's personal and

business activities.
Whether the questionnaire of this huge scope in "AIR Only" scrutiny required.

Whether it is really valid in the light of CBDT instructions w.r.t. such scrutiny

assessments dtd. 08/09/2010.
Should the assessee comply with such questionnaire?
Note:- Notice u/s 142 (1) is signed by AO but the questionnaire bears only office stamp

and no signature. Is this valid questionnaire?
Thanks in advance.

I am a direct entry student and I am about to complete Iit training in a week . I need to join article ship and complete it before may to give the may exams . I have not yet submitted the documents for article ship . As i know that only after completion of Itt I can apply for article ship .So how much time I have in hand to submit the documents and also can I join articleship while the institute is processing with my documents or I have to wait for their approval ,Also I m a working partner in a firm is it important to furnish all the details for article ship or what is the procedure to apply then . Is it so if you are a working partner you cannot join articleship or else I have to retire as partner and then apply .

Sir

Is the CBDT notification exempting ITR for Return below 5 lacs is applicable for A.Y. 2013-14 ? Bcoz in Notification no. 9/2012, it uses the words A.Y. 2012-13 only. Whether this notification extended for next A.Y. Also ?

I have cleared Ca final exam and also my Cs Final exam but I did not knew that I have to take permission from the ICAI before opting for additional course. So now if I submit the form 112 then there would no voilation of any Rules and then I can apply for my Membership No.

Dear Experts

i want to know

the procedures to incorporate an unlisted limited company with 7 members , capital Rs.5 lacs


I have been aware up to Certificate of Incorporation.

but thereafter what are the procedures and cost to get Certificate of Commencement of Business.

which forms ?

costs thereof ?

my question is that whether today date annual TDS return filing is mandatory or not?
if yes, plz mention the all form with due date.

thanks in advance

Sold a Commercial property for 17 Lacs. Indexed Cost was say 11 Lacs. LTCG = 6Lacs. The assesee purchased a new house for 50 Lacs but paid only 5 lacs from his own account and remaining 45 lacs was paid by taking bank loan. as only amount of 5 lcas is invested he will get only a proportionate exemption form capital gain. My query is can he deposit money now in bank account under capital gain scheme before due date of return and utilise the money for payment of bank loan and interest....whether that will qualify as investment made?? also the interest and principal paid upto march 2013 qualifies as investment in property??

One of my proposed company wants "international" or "corporation" as a second word. Can it be taken?