Anonymous
08 December 2012 at 16:21

Section 80dd-medical disability

Dear Expert,

Medical Disability (Sec 80DD)- I have get benefit of Rs. 50,000. As an Investment Proof last FY 2011-12 submited Medical Certificate to the company.

This FY 2012-13 also submit New Medical certificate or Not.

Pl clarify.

Thanks in Advance.


Ganesh Patil
08 December 2012 at 16:19

Tds for previous months

Dear Sir,
one of our vender raised a labour charges Invoice of Rs. 15,000.00 in May 2012, that time i did't deduct TDS ( due to TDS Limits ) now in Nov. he raised a Invoice of Rs. 65,000.00 & I deducted his TDS on Rs. 65,000.00.
But what about his previous bill of Rs. 15,000.00 can I deduct his TDS now ? or is there any other processure ?

thanks in advance


Ganesh Patil



Anonymous
08 December 2012 at 16:12

Capital gain u/sec 50c

sir,
my father had inherited a property from my grand father including a land on which a house was built up & an adjoining vacant land through a registered "WILL", in that the house was given to my father & the vacant land was given to my aunt.
this WILL was executed in the year 2007 & my grand father expired in the year 2009 ,we didn't know about the will,just in 2012 sep we came to know about this and got the vacant land gifted to my father from my aunt without any consideration
now as my father became the sole owner of the land ,we sold it out for the consideration of 1470000 in sep 2012 only,

1)now can u tell me how to claim the exemption in my father's IT RETURN as we gonna invest the amount again for purchasing the new house in kolkata?????????
2)what if we deposit the amount in "CAPITAL GAIN DEPOSIT ACCOUNT" WITH ANY BANK???
3)What if i don't utilize the full amount of CGD account,can i utilize it later on????

hoping for an early reply from all......


sharath babu
08 December 2012 at 16:09

Information regarding schools

Whether SCHOOL IS A CO-OPERATIVE
HOW TO AUDIT SCHOOL


CA Vinay Dixit

Can anyone tell me while paying service tax on rent,how much % or Amount of rebate of property tax we get?is it sum lumpsum figure or 20%?can we take actual credit of property
tax?



Anonymous
08 December 2012 at 16:04

Interest free loans

A company has taken Interest Free unsecured Loan from an individual & later on repoaid it ?

What are the Tax implications in the hand of the company as well as in the hands of the individual ?


CA Kunjan - www.canaresh.com
08 December 2012 at 15:52

54f for minor

hi,
long term asset is sold by minor, can minor claim 54f (father already owns 2 houses, minor owns no houses.)

my view-
minor can claim 54f inspite of father owning 2 hours because, clubbing (64 1A) happens at the end after calculating minor's income.

am i wrong? any legal case please?
regards, mr.kunjan shah, www.canaresh.com , mumbai (CA final 2nd cleared).


Guest
08 December 2012 at 15:35

Biggest doubt of my life

Sir/Madam
I joined CA Course with a view to change myself into someone responsible.I always had a dream to become CA after seeing my Dad doing good in his CA Profession and his Practice.I never thought about its impossibility even if i was a BELOW AVERAGE STUDENT.But things are going in its opposite direction.I am not able to get myself into the CA Studies.By hook and Crook,i do have reached CA Final but i am not sure if CA is mine.In reality,i am not able to enjoy CA Studies.It seems as if i am doing it out of pressure.I even fear with the fact that after leaving CA,i may regret about it.Now my question to you is " What's getting wrong with me" , "What parameters should i adopt to see whether i really want to do CA or not ".I am right now in a state of FIX.There had been no pressure from my Family to do so.Not even i was under any influence of others to do so.Please Help me in regard to this.
With Regards,
Abhinav Jain


jaydeep
08 December 2012 at 15:25

Cenvat reversal

I am a Manufacturer in textile Industry. I took Excise registration 2 month ago… at the time of registration I have registered only one product which is
exempt from excise duty.. During the 2 months period I purchased Exciseable inputs for production.

But now I also want to manufacture another item ,which is excisebale.. And for that I have applied for Amendment in registration requesting to department
to add one more commodity(which is excisable).

My problem is … (1) whether I can take CENVAT credit on my inputs… which is purchased during past two months (I get added excisable good after 2 month)?
(2) If ans. Of 1 is yes than how can I show it in ER 1 .. [As a rule (6) reversal or any other way]


Rakesh D Chauhan
08 December 2012 at 15:23

Cash transaction

DEAR READER,
I WANT TO KNOW THAT CAN A COMPANY MAKE A CASH TRANSACTION WITH DIRECTORS AS LOAN.
I WANT TO KNOW THAT ; IS THAT SIMILAR TREATMENT AS A CASH PAYMENT ?


PLEASE NEED GOOD ANSWER.

REGARDS:
RAKESH






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