Hi

Mr X is constructing his own residential house. His brother is willing to gift him Rs 20 lacs for the above purpose- 50% in cash & rest through cheque.

Is the entire 20 lacs exempt from income tax as gift from relative?
Should they enter a gift deed??
Is this much cash as gift acceptable??

Plz guide

My father had a HUF pan card and a HUF demat account. After his death we wish to transfer the shares to his wife. He didnt had a will. My mother already has a normal pan card. Does she need to apply for a new HUF pan card. If yes then should the new number of the pan card should be the same as of my father. If my mother ordinary pan card is ok should we acquire any other certificate or document.

good morning experts
this is charan pcc student i have a doubt regarding the pcc that is, if i am not qualified for the pcc after writing my first attempt is there any delay in getting ca final attempt or any contrary to it please reveal tank you ............

If i am verifying the transactions of bank statements from my clients bank books, i found out that the opening balance of bank book is 5000 matching with closing balance of last year balance sheet but opening balance of bank is 4000.
Now i found out that last yrs reconciliation one cheque was issued but was not presented of 1000 so was deducted and balance was matched with bank but why balance in this financial year bank book is same of bank book of last yrs???????
Can u clear my all concepts?????
Related to bank statemenst and bank entries

slab will be increase or reamin the same

clear views

Hi,
Dividend of Ambuja Cement was declared on 18th Feb 09 but I received it on 9th Apr 2009. I know there is no tax on dividend but still I need to show the dividend amount in the income tax return form.
My question is:
The dividend was declared on F.Y. 2008-2009 but received on F.Y. 2009-2010. So in which F.Y. should I show this dividend.

Can any one please help understand the whole concept and treatment of goodwill in partnership- retirement, admission etc. In cases where they are shown in books, not shown in books(balance sheet) entries, writing off, writing back, sharing between old and existing partners in sacrifice or old or new ratio etc and all other concepts? Please help me. I am not able to understand it how much ever I try. PLEASE HELP

can a company purchase of share in parntership or in sole prop.

plz any one tell me the marking scheme of pcc papers . step by step mks are allotted ,or mks are only given if and only if the final ans. is correct. are there any mks reserved for conceptual understanding? if figures go wrong but the way of solving problem is totally correct will any will any mks b allotted for that que plz reply it soon

1.whether long term capital loss on sale of shares on which stt is paid can be set-off with long term capital gain on property, when both transactions held in same year?

2.whether intt. on fixed deposit of 5 yrs. or more is taxable or not?