my client purchased a office at 10lacks
sell it at rs.23 lacks within 1year and purchased a new house for 35lacs.

he also bear short term share loss rs.3lacs.

can he save capital gain tax with short term share trading loss.

please also suggase any plan to save tax

A privated limited company not carrying any business activity has let out its building on rent. If the company is liable to provide depriciation under companies act or not, because under income tax the rent will be assessed under income from house property and against this head no claim for the depriciation will be admissible. But due to providing depriciation under companies act the value of the property will be depriciating every year.

Also guide in either of the situation if any provision for the deferred tax / liability is to be provided.

Thanks

A privated limited company not carrying any business activity has let out its building on rent. If the company is liable to provide depriciation under companies act or not, because under income tax the rent will be assessed under income from house property and against this head no claim for the depriciation will be admissible. But due to providing depriciation under companies act the value of the property will be depriciating every year.

Also guide in either of the situation if any provision for the deferred tax / liability is to be provided.

Thanks

If 1 partner Mr.X retires from Firm having 3 partners. Total capital of Mr.X in firm is 10 lacks, but on retirement Firm pays him Rs. 11 lacks.Whether Rs. 1 lack can be treated as Goodwill as per Accounting Standard and shown under fixed asset in Balance Sheet ( as this is Goodwill for which firm has paid ) or will be considerd as Internally generated goodwill

A proprietor's capital a/c must be a credit balance.It was so in one of our client's case.But, after claiming additional depreciation the capital balance becomes a debit balance.Now,what are the ways of making it a credit balance except for introducing cash and reducing exp. other than deprecition?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?

POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???

POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???