Dear Experts

Plz solve..

1. Income from future and option trading in commodity market will come under which head of income.
2. And Which Itr Form is relevant for this.

Thanks
Ajay

Pls asnwer these 3 queries with reference to relevant section of the act or case law

1. To get benefit of deduction of section 54F, can we first purchase the land and then construct the house? Shall we get both amounts as deduction?

2. In case of section 54B deduction, shall we get benefit of deduction when we purchase another agriculture land after making Agreement/Satakhat of agriculture land to be sold? That means we have purchased new agriculture land after making Agreement/Satakhat of old agriculture land but before making final sales deed of old agriculture land?

3. If we (seller) cancel agreement to sale land and pay compensation to proposed buyer then amount of that compensation can be added to our cost of acquisition or cost of improvement?

i am developing an internal control system for a school. i am also developing n formulating strategies n procedures for accounting for the school. i would like to seek advice n help as to the integral parts i should take care of and how i could develop an efficient internal control system...

As per the data provided by CBDT on tax audit report some serious irregularities were observed.

One of such irregularities is -
1. Approx. 9,500 Members conducted tax audits in excess of specified limit of 45.
From AY - 13-14 E - filing of Tax Report is mandatory. As a result, ICAI/ITD shall be able to track the count of 45 Tax Audits. In fact, ICAI with the help of CBDT/ITD can also put control on this website so that only 45 Audit Reports u/s
44AB (i.e. not of under Section 44AD, 44AE)
can get uploaded under the log in of one CA.
Hence, the moment a CA tries to upload his/her
46th Tax Audit Report online, the system will not
accept it and will through a message like ‘Exceeding Maximum Audit Limits eligible..

My question is -
1. why such features have not been implemented till date?
2. If such feature implemented what will happen if no of practitioner ( CA ) available on a particular
location of the country is less than no of tax audit assessee?

i m a student of cwa inter n give exam in june 13 for 1st group onlyy....can i do registration for cma final now???b,coz there is a provision that before 1 yr registration should be made .....plz give me advise...thanx in advance

Dear experts. . Recent circular declared about form 16 is the form should be generated through TRACES portal. . I need to know whether form 16 is valid or not if its generated through e-tax software ?

Hi expert,

Have heard about the new companies bill.

Am unable to understand to what extent the existing topics in corporate law would be changed.

May I buy the books - practice manual and class notes now if I plan to appear in May 14? Pls. suggest.

At the time of taking Industrial Training, form 109 Is required to be submited to the institute for 2yrs of articleship?

I have received the study material of ca final but not got the registration letter of ca final. i want to know the email id for sending mail regarding this matter

Dear Sirs,
I along with my wife purchased a flat at noida in year 2010 in 52.5 lakh as co-owners and co-applicants(in home loan)under construction linked plan. EMI is being deducted from only my bank account.We have paid 17 lakh till date to the builder.
In march,2013 my wife sold her 2 bhk flat at lucknow gifted to her by her elder brother in 27.5 lakh.My question is
1)Can my wife invest the sale proceeds/capital gains of her gifted flat in the flat at noida purchased under construction linked plan as a coowner and coapplicant with me and be entitled for exemption from capital gains tax?
2) if the answer to Q 1 above is yes then what will be the extent of capital gains which can be saved, 100% or 50%.
Kindly respond soon.
Thanks!