Dear All,

Is it mandatory to file a return of income in order to claim exemption u/s 54 of the Act? (The assessee does not have any other income).

Are there any case laws on this matter?

Thanks & Regards

Dear sir/madam,

My client has an old agriculture land. He has purchased it in 2004. He has converted this land into non-agriculture land and develop a residential society on it. Out of these plots, he has sold 60% plots in current year.

Now my question is that can we consider the profit from the sales of the said plots under the head business or profession..? And can we show balance plots as a stock in hand..?

Is there any implication under the head capital gain..?

dear sir
there is a coloumn in p/l a/c in itr4 is life insurannce, medical insurance etc. is lic premium paid enter this coloumn but lic premium is deductible u/s 80c and enter lic premium in deduction column, please advice me sir. thanks......

One airport handling co. Imported a machine on the behalf of our co. On a contractual basis, in this, airport handling co imported the machine nd paid import duty nd all other taxes, nd that co. Raise the bill to our co. charging their service charges say 31000 + import duty that they paid say 76000, now qn is at the time of payment nd for the purpose of 194c, both amt need to considered or only service charges?

We are selling diaries. Some customers may ask for customization - in that instance we will make diaries as per the customers requirement. The cost of required customization will be included in the product cost. We wont bifurcate the customization costs in the bill. We will charge VAT /SALES TAX for total selling price of the product. In that case whether the TDS U/s 194 C will attract as implied contract. Please clarify.

when all the entreis are contain date belongs to last year how to change all enetries at a time to current year

A pvt ltd company has 2 directors A and B. A is retiring and C is admitting. A was the authorised signatory in that company. Now his dsc has expired.

My query is
Can one form 32 be filed for admission as well as retirement of a director?

and can a retiring director sign that form 32?

can brother in law ( jija) can give gift to brother in law (saala) ?

I want to know whether exemption of service tax payments upto 10 Lacs is applicableonly in the first year or this exemption is for each of the subsequent year also?

Let say I have a service income in the first year of 15 Lacs and in the second year 20 Lacs then whether I need to pay service tax on 15 Lacs and 20 Lacs or 5 lacs ( Excess over 10 Lacs) and 10 Lacs (excess over 10 Lacs)?

WHAT IS THE DATE OF ACQUISITION IN A CASE WHERE AGREEMENT IS REGISTERED ON 08/04/2010 AND DATE OF FIRST PAYMENT OF RS 100000 IS 01/12/09.