If the company shifted to other plot, is it require the following
1. Whether the Excise Reg Number/ VAT Registration/Service Reg. will change?
2. What are the steps required to take on prior.
A company had debited the entire amount of prelimiary exp in the first year of its incorporation showing loss along with other administrative expenses. Can the Company claim the expenses in five(5) equal instalments for Income Tax purpose in subsequent years? If yes, where this item of exp. would be fiiled up in ITR-6. Also, " prior period exp", being disallowable, - where to put this amount in ITR-6 ?
i want to calculate BEP in case of new transport business for the purpose of commercial loan from bank but i can't understand how to calculate.I have 600000/-p.a. expenses,truck cost 665000,loan amt is 200000@ 12%.plz help me
One house property is owned by 4 family co owner. Two of them has contributed towards purchase of the same. Out of two one of them has taken housing loan.
Now this house property is given on Rent. Rent amount is received by one of the co-owner in whose name housing loan is taken.
Now my query is whether this rent amount can be distribute by that one co-owner to other three owner to distribute the income and save the tax. However there is no sharing portion mentioned in the rent agreement, but they can make the same separately between co-owner. Or whether full amount will taxable in the hands of in whose account amount is received.
Please reply. Thanks
Respected sir,plz kindly to reply me,when am filling the OMR sheet in examination,there was a mistake took by me to filling H.T.no.in circles ,i.e,filling zero instead of nine then after i corrected to rub zero circle....after i correctly fill and also wrote words in correct, is there any problem with regards and plz tell me which points are considered while correction? i will be thankful you to you with your valuable suggestion,thanks in advance......
In financial year 2011-12,an individual, being a trader in shares,commodities, derivatives etc., sells the above items amounting to Rs.80 lakhs & purchases amounting to Rs.95 lakhs without taking actual delivery of the same.
Now the query is what will be the turnover in the above case ? Will the above be bound by the terms of tax audit u/s 44AB of the Income Tax Act,1961?????
URGENT REPLY REQUESTED
I had purchased a plot of land in Yr 2002 and constructed independent house on that.Construction has been done in 2005.I am planning to sell this house and going to purchase a New flat.
Please advice me whether I have to consider land value and House construction value {buy and sell value}separately for capital gain tax purpose?
Thanks & Regards
Garvit Dave
Can any one tell me relevant case laws for this:
Mr. A is receiving Rs. 400000 in three different name so this sums up to 12L ,
So the A.O has treated it as service & implied service tax @ 10% on it,
so pls. tell me the relevant case judgement on such matter
If my vendor sends a small package having 100 wireless mouse with gift written on it through DHL/Fedex and it gets stuck up with customs, what wld be the consequences. Wld they straightaway charge custom duty on that or there can be some other legal action also?
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