varun gupta
13 June 2009 at 16:13

Can a C.A sign the valuation report?

Can a Chartered Accountant running his practice sign the Valuation report for any property?


Sankar Chakraborty
13 June 2009 at 16:12

Tds

we always deposit tds in our bank that is Central Bank of India as we have an A/c with them under challan no. 281 as per present circular we have to deposit the same under challan no. 17. then how should we get UTN ?

please help


MANISH MITTAL

suppose, Mr. X was running a proprietorship concern in the name of M/s X & co and hold a immovable property in the name of firm in title deed. Later on he became a partner of another partnership firm and give all fixed and current assets to partnership firm with an clasue that immovable property will be continue in the name of Mr. X and no title will be transfer in the name of firm. it is describe in partnership deed. The partnership firm have applied FI for loan but bank is not agree this condition that it is contradication to law and not lawfull. is bank contention is right or no.


Advocate Ashish Ranjan Samal
13 June 2009 at 16:04

Valuation

Dear Export,
while calculation of closing stock at tally 7.2, the valuation of closing stock is
Inward Value - outward value - gross profit = closing stock
but i am unable to under stand from where gross profit value calculate, i thing this procedure is wrong, it unnecessary ,actually closing stock is differ from my calculation
plz suggest.


Ankur Shah

Dear All,

One employee is getting Rs. 50/- per children for 5 children (totalling to Rs. 3,000/- p.a.) as children education allowance. However, as per Section 10(14) r.w.r. 2BB of Income Tax Rules Rs. 100/- per child s.t. max. of 2 children can be claimed as exempt.
Now my query is whether exemption of Rs. 2,400/- should be taken or proportionate exemption of Rs. 1,200/- to be claimed?
Request you all to kind;y provide your valuable views.


Bharati Sharma
13 June 2009 at 15:18

Taxable Salary

Dear Experts,

Plz suggest - Taxable Salary - Actually Recd OR CTC /Package fied by the co. (if)

Actaul recd is less than the fixed salary due to late kark deduction / leaves..

Thanks for support.
Bharati Sharma


Guest
13 June 2009 at 15:05

Transfer of Articleship

what is the procedure of transfer of articleship? What is the rules and Regulation of this ?


imkdm
13 June 2009 at 15:02

Revised Return

In one case, the firm has credited sale of asset to its Profit & Loss A\c. Firm doesn't want return to be revised due to fear of unnecessary scrutiny as the refund payable shall be of substantial amount.

Does revise of return leads to Scrutiny?
Is there any way to rectify the error through current or subsequent returns?


haresh

dear sir,
i would like to know the last date for filling 4th qtr TDS Return for form No. 24Q & 26Q


GOPAL KUMAR AGRAWAL
13 June 2009 at 14:55

TDS ON COMPENSATION ON CHARGES

Q. If the owner of the Commercial property has entered into leave and Licence Agreement with the Licencee for 5 years and the lock in period is 3 years and has given a Deposit equal to 6 months rent to the owner .the licencee used the property only for one year and decided to terminate the agreement . As on date the rent outstanding is 4 months and the licencee asked the owner to adjust the same against the refundable deposit and the balance two months deposit shall be treated as a compensation for early termination of the agreement before the lock in period of 3 years.

Query:

Is whether the TDS is applicable on the compensation amount adjusted as above?






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