Anonymous
07 June 2013 at 20:58

Gift of huf property to coparceners

Dear Expert,

Can a HUF divide a property in its name among the coparceners while still continuing to exist.

Can this be done via gift? What would be the tax implications in this case?

Please advise



Anonymous
07 June 2013 at 20:26

Capital gains

Mrs A has a independendant house(bought in 1978) which she entered into development agreement in 2007 for which she got 5 flats out of 10 built but no monetary consideration in 2009 as per agreed by the builder but in the same year she gifted 3 flats to her sons.
now deemed capital gains is exempted under sec 54 of CIT Vs Gita Duggal(2013) but is the exemption cancelled when she gits the hoouse within 3 yrs and does it fall under the definition transfer 2(47) of the act(Develoment agreement contains the name of her 3 sons). Please Help



Anonymous
07 June 2013 at 20:06

Form 112

Sir,
I had both ICWA and B.Com(correspondence)at the time of joining articles on 03.10.2012.on that date I took permission for pursuing B.com.Later I took termination and re-registered on 25-3-2013.on 25.03.2013 along with form 103 I filed form 112 asking permission for ICWA .Recently got a letter from ICAI to send degree completion certificate .I have degree discontinuation w.e.f December2012.So,there is an overlapping period of 3 months ( Oct to Dec 2012).Should I pay any condonation fee now .How should I reply to ICAI.Please help



Anonymous
07 June 2013 at 19:35

I want to do one additional coures

i completed ipcc group1 & i am completed graduation i want to do one additional coures which one better cs {or} icwa if iwant to take any permission from icai sir please explain


dhrutik
07 June 2013 at 19:34

Reverse charge mechanisam

i have a client which is engaged in the business of construction services. they required Water tank (which includes transportation charges)for business. whether rcm is applicable or not? and if applicable than which value is consider for paying under RCM?


pavankumar
07 June 2013 at 19:21

Query on basic accounting

Can i get few examples on Conservatism Principle which we are dealing in accounting. Please guide me.



Anonymous
07 June 2013 at 19:20

First audit

SIR
I am an new practising CA as i had received one audit which is previously audited by other CA.

what is the procedure to be informed to previous CA, and is there any letter format if yes than please give me.


CA. Kunal Lakhotia
07 June 2013 at 18:29

Tds return error

Applicability of Sec. 271H penalty on the company for furnishing incorrect information in the TDS return and is this penalty applicable for incorrect PAN details provided by the employee.?


rohit
07 June 2013 at 18:22

Form c

PLEASE EXPLAIN THE CONCEPT OF FORM C WITH EXAMPLE?


Gia Roz

My client exports professional services to a foreign country and the turnover is above the exemption limit(i.e. 60 lacs) u/s 44AB of the IT Act.
Is tax audit applicable in this case?





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