SIR/MADAM
A SHAREHOLDER OF A PRIVATE COMPANY WANTS TO TRANSFER ITS SHARE TO ANOTHER SHAREHOLDER THEN WHAT ARE THE PROCEDURE TO FOLLOW.

THANKING YOU
SAMPAD MOHANTY

The querry related to A.Y. 2008-09. The assessee owned 2 house properties and both the properties in the joint name of 2 brothers.
House property No. 1:
Purchased in 1995-96 for Rs. 8.00 lacs with the help of housing loan. Interest paid upto oct 2007 Rs. 20000/-. This loan account is squared up in oct. 2007.
House property No. 2:
Purchased in Nov. 2007 for Rs. 12 lacs, again Hsg loan taken by assessee by repaying old loan. Interest from oct. to march 08 Rs. 30000/-
The assessee has claimed 50% interest of both the properties in return of income. Now the A.O. propose to disallow the interest of one hsg loan. And propose to add the deeming income of HP u/s. 23(1). Is it correct?

Hi to all DE's

a manufauctring unit has got offer for job work ...

1. Can the unit do? if yes then what is procedure uinder Cen. Excise & Commercial tax
2.if the process amounts to manufacturing , what are the legalities
3.if process does not amounts to manufactring, what are the leaglities?

Please answere me itis urgent?
Thanks in anticipation

Our company merge with two companies. We acquire all the assets of the transferor co's including immovable properties. The transferor co's had not taken/shown depreciation as per income tax act in the IT return filed by them till date. The nature of business of the transferor co's is renting of immovable properties the income from which was consider under income from house property in the IT return filed by them till date. My question is what is the value of the immovable property we have to take while calculating the depreciation as per income tax act after merger.

what is prior period expenses

Hi,

we are purposing to give transport allowance maximum 800/pm and Rs.5000 as a fixed conveyance allowance to our employees.

Do the employees need to show any document to employer every month to show that amount spent on offcial purpose only or letter on plane paper given by employee is suficient to make it exempted.

Sir I want to obtain some certificates which can polish my resume. I want to participate in events related to our field i.e finance , accountancy and more .
Kindly let me know how to get to know abut such events and are any such events organized by ICAI .
Public speaking and writing are my core strengths.
I am a resident of Delhi please do the needful i would be highly obliged.

Sir I want to obtain some certificates which can polish my resume. I want to participate in events related to our field i.e finance , accountancy and more .
Kindly let me know how to get to know abut such events and are any such events organized by ICAI . I am a resident of Delhi please do the needful i would be highly obliged.

Hi,

There is one company claiming a benefit under SSI scheme.

However, there is an error in filling a return , is that the item shown in a Stck Register in more than the item shown in the return, and thus a default in payment of ED due to less number being shown by the staff filling a form. ED was paid when the items were removed.

NOW THE SCN is being served, what could be the provision under Income tax(CETA) that can help me.

Hi,

There is one company claiming a benefit under SSI scheme.

However, there is an error in filling a return , is that the item shown in a Stck Register in more than the item shown in the return, and thus a default in payment of ED due to less number being shown by the staff filling a form. ED was paid when the items were removed.

NOW THE SCN is being served, what could be the provision under Income tax(CETA) that can help me.