I have recently purchased a plot and on agreement date paid a sum of Rs.60,000/- in cash to the seller. Whether the same will be order according of Income Tax Laws

Dear All,
I am a law graduate having BA.L.L.B. (Hons) degree and now want to persue CA. My Question is whether i have to appear for CPT or can i directly get admission in IPCC. If so then what is the criteria for the same.

how to download consolidated fvu file from TRACES?
www.tdscpc.gov.in
(The new site for TDS operations)

We received an intimation U/s 143(3) of the income tax act 1961 , asking us to appear for hearing . Now can we proceed with Sec 154 petition as rectification of mistake? or shall we appear for hearing again ?

Sir, I am doing the Stock Audit of one company (Manufacturing Concern) on behalf of the bank. Can anyone please clarify me whether Depreciation is considered in Cost while calculating Drawing Power (DP) of the company. As per my point of view it should not be considered because first it is unavoidable cost and second only considered when plant is running at 100% capacity, but i am not sure about it. Please help me out and please provide the reasoning for your answer also and any reference from where i can also check this out.
Thanks in Advance
Waiting for response.

Sir, I am doing the Stock Audit of one company (Manufacturing Concern) on behalf of the bank. Can anyone please clarify me whether Depreciation is considered in Cost while calculating Drawing Power (DP) of the company. As per my point of view it should not be considered because first it is unavoidable cost and second only considered when plant is running at 100% capacity, but i am not sure about it. Please help me out and please provide the reasoning for your answer also and any reference from where i can also check this out.
Thanks in Advance
Waiting for response.

Hii...
My Query is as follows:

Can a Company (Let say ABC ltd.) transfer its funds in cash to its "Sister Concern Company" for some purpose ?
If yes ,
1.is there any limit for such fund transfer ?
2.is there any condition to disclose the purpose of such fund transfer?

What if the sister concern company has also given a loan to ABC ltd.?


PLEASE SOLVE THIS QUERY

THANK YOU!!!

sir if A & B jointly co owned the house and loan is also taken jointly ...
and total amount of interest payable is rs 150000 during the f/y..

are A & B ALLOWED DEDUCTION OF RS 75000 EACH OR RS150000 EACH (AS PER SECTION 26) ?

Directors of newly incorporated company failed to appoint the first auditor with in 30 days of incorporation,
so now the first auditor is to be appointed only in general meeting.

Is their any time limit with in which GM is to be hold ?

Can I hold GM after 4 months of directors failing to appoint the auditor ?

ABC company has given a commercial property to Governmental authorities on lease in consideration of rent income. Should ABC company charge Service Tax? The notification no 25/2012 dated 20.06.2012 (list of exempted services) does not cover this kind of service rendered to governmental authorities. So ST must be charged in this case. Please do confirm.