Mrs. A had painted a painting and gifted to my family 20 years back. I inherited it from my father and hence, there is no cost to it even at the time before inheritance.
The painting was sold for few crores say Rs 5 crores and I bought a bunglow for Rs. 4 crores. Paid stamp duty of around 30 lacs. Got the bunglow repaired for around Rs. 10 lacs. What should be my taxable income?

Sir/Madam
I had registered for Ipcc before direct entry scheme and given attempt in Nov-12 for ipcc group-1 then after i applied for conversion scheme to join articles on degree basis on Dec-12, so will i get attempt to write the ipcc group -1, in May 2013.

Plz do the needful.


thanks and regards
yadaiah polreddy.

Hello
Its HImanshu Juneja.
I want to ask the experts about transfer after I have completed my 1 year of articleship on the ground that my parents are shifting to another city and we are leaving the city we currently live in?
if yes, whats the procedure to take permission from ICAI and if not, whats the solution?

Sir,
Can non payment of Profession Tax of the employee by an individual (Tax Audit Applicable) lead to disallownaces of full salary debited to p/l.
If the ans is no then please can you provide me with the case law or any reference

Kindly reply as soon as possible as it is very urgent

Thanks

HI

I WANT TO KNOW ABOUT HOW TO CALCULATE EXCISE AND THE FORMS USED FOR DEPOSITING IT (EXCISE TAX),PROCEDURE FOR SUBMITTING RETURN,ON WHICH BASIS EXCISE RETURNS ARE DEPOSITED AND WHICH REGISTERS ARE MAINTAINED IN CASE OF EXCISE ???????

THANKS & REGARDS
BHAWNA

Sir,
I would like to know about delay of interest on TDS u/s 201for how many months delayed Interest to deposit.
Say deduction on 8th January 2013 & Tds Deposit say on 8th Feb., 2013.

Please clarify.

Regards
Anil Jain
9312640067

I own two proprietary firms with separate Balance sheets of each and one my own personal Balance sheet also. Income declared U/S. 44AD. I have to fill the Sundry Debtors, Creditors, Stock in trade and Cash in hand in ITR 4S. Whether cumulative total of each head to be filled or otherwise ? Please clarify ?

Sir, if i sold the house in the same year of purchase by taking loan can i add interest paid on loan in cost of house property while computing capital gain?

Also tell me in detail why int. cannot be claimed u/s 24(b)?

Dear Sir,
Recently I sold equity shares worth Rs 11 lakh approx and transferred the the entire amount in the savings bank account of my wife where I am the second holder.within a month or so I booked an under construction flat for Rs 22 lak and paid Rs 15 lakh till date.My wife received some amount as loan from my brother.The flat has been booked in my wife's name and the money has been paid from the above mention-ed account.My wife is also an assessee.

My question is

1)Will I be able to claim exemption u/s 54F as the booking is in my wife's name.

2)If not what should I do to be able to claim the exemption.Can I say that although the booking is in my wife's name but the major funds flowed from my end.
3)will the I.T. Dept look up our bank statements also to convince themselves.

pl. rep. soon.

Dear All,
If in a PRIVATE LIMITED COMPANY the tenure of re-appointment of M.D. expired in October 2011, but due to some errors the re-appointment of the said director in the same position with same terms and conditions has not yet been made. what can be done to show his re appointment since Oct 2011, as Form 25c is not required to be filed as ours is a private company moreover form 32 is also not required as the designation & terms of his appointment is not changing. Please tell what procedure can be followed to show his re-appointment since October 2011 & whether Form 23 can be filed now?
PLEASE REVERT HOW CAN THIS DEFAULT BE DEALT WITH AND MADE GOOD