Mr A has purchased a plot of land for rs 60 lakhs and has entered into a contract with B to construct ground floor, first floor and second floor and in consideration he will get second floor plus B will pay 10 lakhs more to A. Mr. B AFTER THEN SOLD THE SECOND FLOOR TO Rs 80 lakhs to C. Now in this case who will be taxed??

Please let me know whether an Indian Company can take loan from his Director who is NRI or any RBI approval is required for it?What will be the reporting requirements in this case?

What will be situation if Loan has been given by Director from his NRO Account?

Dear Sir/Friends,

I want to change the address in the income Tax Department database please send the procedure for the change of address.

Dear Sir,
One of the assessee, who had purchased an agriculture land within municipalty area for Rs. 12 lacs in 2005. Now he has sold it for Rs. 18 lacs in 2012, and invested the whole amount in purchase of agriculture land which is also within municipalty area.

Now please advise me, whether the capital gain will attract or not?
Please advise me proper remedy.

I have recd intimation u/s 143 (1 ) from income Tax, before that i have file Belated return on dtd : 04/10/12.

i have mention total income in IT Return as per Form 16 ( Recd From Employer ). my net taxable income of Rs 3,85, 397/- & tax on Taxable income of Rs 21,156/- which already deducted by employer, but when i m submit the return that time i m mention as per form 16 Taxable income Rs 3,85,397/- but tds deducted amount mention only Rs 7,156/- ( wrongly entered )& return uploaded.

now intimation recd with demand of Rs 16,060/- ( with 234 A,B,C interest ) tax payable.

can anybody guide me how to solve this problem

should i rectify the return ( I have file Be lated return - after due date )

please urgent............

Sir , a partnership firm is providing services as work contract to IIM regarding painting and repairing of its guest house and IIM Bhawan. Whether service tax will be paid by the firm or it will be exempt on account of goverment authority or on account of educational institution. Thanks

Dear Sir,
Today I have applied for service tax Registration as a proprietor. And after clicking on submit button, a message appears stipulating the following documents -
New assessee seeking registrations in Service Tax should submit to the jurisdictional Range Officer, a print out of the application form submitted online duly signed by the authorized signatory along with copies of the following documents :-
(a) copy of PAN,
(b) Proof of residence,
(c) Constitution of applicant at the time of filing an application for registration,
and
(d)Power of attorney would be required in respect of authorized person(s).

Now please advise me that in point (C) pursuance, what should I enclosed as I have applied as a proprietor.
And also advise on point D, as I have showed only myself as auth. sign.

Thanks in advance.

I HAVE CLEARED MY CA FINAL EXAM IN NOV 2012 ON 21 JAN 2013.
I HAVE RECEIVED MY PASSING CERTIFICATE ON MARCH 5, 2013 BUT I HAVE NOT RECEIVED MY MARKSHEET.
I THINK MARKSHEET & PASSING CERTIFICATE COMES BOTH SIMULTANEOUSLY, BUT THIS TIME ONLY PASSING CERTIFICATE HAS COME & NOT MY MARKSHEET. PLEASE TELL ME WHAT TO DO ?

How will we calculate the deduction for HRA u/s 10 (13A) for the financial year 2012-2013, in the case of an employee who receives his DA Arrear (which is related to April 2012 to December 2012)in the month of January 2013? Can you please explain the treatment of the same through an example?

DEAR SIR,
I RECEIVED NOTICE U/S 142 (1), FOR THE A.Y. 11-12, F.Y. 10-11.
I FAILED TO FILE INCOME TAX RETURN FOR THE F.Y.10-11. INCOME IS RS. 7 LAC, TDS IS DEDUCTED, NO TAX DUE.
WHAT I DO NOW? CAN I E FILE MY RETURN OR FILED AT THE INCOME TAX OFFICE FROM WHERE I GOT NOTICE.