An assessee has Long Term Capital Loss of Rs. 6492 on Debt-Oriented Mutual Fund (Long Term Capital Gain on Debt-Oriented Mutual Funds is taxable @ 10 % without Indexation or 20% with Indexation . whichever is better for Assessee) . However , after applying Cost Inflation Index to Purchase Price & then calculating the Long Term Capital Loss , the loss is working out to Rs. 1,15,775 . There is no Taxable Long Term Cap. Gain in same year so this loss needs to be carried forward . Should the Long Term Loss be carried forward as Rs. 6492 or Rs. 1,15,775 ?

One Assessee has Tax to be paid of Rs. 10912 & TDS paid is 6671 . Will Interest have to be calculated u/s 234 b & c ?

When can interest u/s 234 a,b & c be waived off or reduced ?

Luxury Tax Charged On inclusive of service tax ?

Dear Freinds,

Case-If a doctor earned Gross receipt from his profession Rs.10,50,000/- during the F.Y.2011-12 and he is also deal in F& O market, Total sale Rs.10 Lakhs & Total Purchase is Rs.12.50 Lakhs net loss is Rs.2.50 Lakhs .
With the above facts please tell me what is the total receipt in the hand of doctor for the the purpose of tax audit.?
It is necessary to tax audit for the F.Y.2011-12? Please suggest with reference to any case law/ decision /circular from competent authority/ Court.

Thanks
Satyendra Gupta

How can I file the IT return if I have no form 16. I have worked last year in different organisations which are not having any system of giving form 16. So can I file the IT return without form 16 ?

Dear Experts
We are the contractor in delhi and got a works contract in tuticorin, Tamilnadu and we are not registered in tamilnadu. Now for execution on site we are purchasing material from a supplier who is located in chennai, tamilnadu.
Now the situation is:
We are purchasing material from chennai supplier in delhi address against C form. And material is to be delivered from chennai to tuticorin i.e. within tamilnadu. I want to ask for such case what the transporter need to carry with himself to deliver the goods at site. As the billing at its delhi address and delivery address is tuticorin that both address mention in the bill.

Pl suggest what to do in this case.
Thanks in advance.

Hello Sir,

In Public Limited Company one right issue is being made to all shareholders with 1:4 ration. As in case of right issue the shares is being allotted to all share holder on discounted price. So what would be the liability in respect of capital gain tax.

The company raised capital only at the time of incorporation and after 5 years time this right issue is taking place.

I would be thankful to you.

Company X Ltd (Private Co) purchased business from Y Ltd.(Only Name i.e Goodwill) and now establishing it like Construction of Factory, Office Etc.
Now my Question is while constructing Factory and other things Co incurred some revenue Expenses Say Vehicle Expenses, Electricity Expenses, General Expenses What treatment should be given to these expenses in Books of A/cs?

Can we called them as Premlimnary Expenses?

hello,
I need little guideance in getting 15months training from ahemdabad i have given my CS executive exam this june.Can any suggest me some good company name..

Dear team,
Can anybody tell me the list of business or profession not covered under section 44ad of income tax? can income from car repair or coaching classes be filled under ITR 4 S under presumptive scheme?