ASSESSEE SOLD A VERY VERY OLD ANCESTRAL HOUSE IN 51 LAC.HE INHERITED FROM HIS FATHER IN 2009,HIS FATHER INHERITED FROM ASSESSEE'S GRANDFATHER IN 1999.ASSESSEE'S GRANDFATHER INHERITED FROM HIS FATHER IN 1965.ASSESSEE'S GREATGRANDFATHER INHERITED FROM HIS FATHER IN 1925.NOW THE NAME OF THE ASSESSEE'S GREATGRANFATHER'S FATHER IS ENTERED IN THE CADESTRAL SURVEY KHATIAN OF THE GOVT..NOBOBY CAN TELL WHEN,HOW,AND FOR HOW MUCH THIS PROPERTY WAS ACQUIRED.
WHAT WILL BE THE COST OF ACQUISITION FOR THE ASSESSEE?
KINDLY REPLY SOON.

Can an additional director be appointed as a whole time director??? if yes please explain me the process which needs to be carried out..... also explain if there is need to file a revised form 32 for the same... further i request you to explain me the regularization process for such an event.... this query is with regards to a Pvt co..... Please anybody reply soon

Dear all,

If i get service tax registration for my proprietorship(Job consultancy) even without reaching the turnover limit which makes registration mandatory, then what would be its consequences??

please help me...

i have doubt in intra group transactions between holding and subsidiary:

relating to stock......downstream and upstream transactions....

i studied that 100% of unrealised profit on downstream transaction should be deducted from holding company's share of profit WHILE unrealised profit on upstream transaction should be reduced from the share of holding as well as MINORITY INTEREST on pro rata basis

.

.

.

.

NOW THE DOUBT IS ....WHETHER THE AFORESAID TREATMENT IS CORRECT OR NOT....IF NOT TELL ME THE CORRECT TREATMENT

.

.

.

SOLUTION PROVIDED ICAI IN PRACTICE MANUAL DO NOT DISTINGUISH UP / DOWN STREAM .....IT JUST DIRECTLY DEDUCTS 100% OF UNREALISED PROFITS FROM HOLDING COMPANY'S PROFIT EVEN IN CASE OF UPSTREAM ! ! !



PLEASE KNOWLEDGEABLE PERSONS HELP

An Individual/ HUF Assessee how much amount can receive gift from their relatives? Is their any maximum amount of gift? Please also suggest some case laws on gifts.

Can an Individual receive Rs 50 Lakhs in a PY as gift from his relatives? Also would their be any tax on such transaction? Please response in view of case laws and Legal Provisions

payment to transporter for transporting goods more than rs.20000/- in cash allowed/not.payment upto Rs 35000/- allowed as per section 40A(3).

we require to make payment in cash for purchasing rice husk,groundnut shell,bussa,bagasee.Please advise whether payment in cash more than Rs.20000/- allowed as per rule 6DD as payment made for purchase of agriculture produce waste material.

i want to upload tds return online i have never registered before whether i have to register in tin-nsdl.com or traces.gov.in and what is the procedure and documents i have to submit and i also want to update my address in tan please advice

Dear All,

Plz resolve my quaries.

Example: A Company taken loan from any NBFC Companies , Banks or monthly emi paid by company . the companies liable to Tds deduction on interest amount & certificate issued to banks.

Plz replay my quaries with any examples.


Thanks

Should amount in bank account included while calculation of wealth tax?
if yes than under which section?