Dear sir I want to start CBSE board school.for which I want to register accompany. I do not want to register a society are trust for governing to school. I am a government employee. Can I register a company for running School.for Company registration 2 director are mandatory. Can I hold one director post in any mode.

Hi,
I sold my 18-year old Flat in FY 2017-18 (Oct 2017) for 21.65 Lakhs. Assume that I have correctly ascertained the Cost of acquisition of the flat with Indexation as 14.96 Lakhs. So my Long-term Capital Gain works out to 21.65 – 14.96 = 6.69 Lakhs.
I have also purchased a new residential flat for 11 Lakhs paid fully and registered within Mar 2018 i.e. FY 2017-18. I will claim it as Deduction under section 54.
Apart from the above I only have taxable Income from Other Sources for FY 2017-18.

I will be using Form ITR-2 to file my tax return for the year. I will be filling Schedule CG (Capital Gains) in ITR-2. In Schedule CG I will be filling the Long-term capital gain (LTCG) section i.e. section B.

I WANT TO KNOW IF THE FOLLOWING ENTRIES IN THIS SECTION ARE CORRECT OR NOT:

1. From sale of land or building or both
a iii. Full value of consideration adopted as per section 50C : 21,65,000/- Rs.
b Deductions under section 48
i. Cost of acquisition with indexation : 14,96,000/- Rs.
c Balance : 6,69,000/- Rs.
di Deduction under section 54 : 11,00,000/- Rs.

Regards,
Snehashish

ITR 7 had been filed in case of a charitable trust for FY 2016-17. It is registered u/s 12A and 80G. It was not liable for tax audit for the year under consideration.

Notice u/s 139(9) has been received mentioning error code 92 stating error description:

Assessee has filed return in Form Type 7, and has not
claimed any deduction/exemptions under section 11 or
clauses of Section 10 or Section 13A or Section 13B in
Schedule Part B-TI of the return.

and resolution :

If eligible for benefit of deduction/ exemption under section
11 or clauses of section 10 or section 13A or Section 13B
the same need to be claimed in the return. In case the
assessee is not an institution required to file return under
section 139(4A) or 139(4B) or 139(4C) or 139(4D) or
139(4E) or 139(4F) the return should be filed in prescribed
form i.e ITR 1 to 6 , as applicable.

I am not able to get what deduction/exemption they are asking to claim.

Kindly guide me on the same.

Hii
I want to increase the paid share capital of a private ltd company from ₹ 4,50,000.00 (45000 shares) to ₹ 5,00,000 (50,000 shares). The company is already having Authorised Share Capital for ₹ 5,00,000.00.
Please tell the procedures and what forms to file with ROC.

CAN ANYONE PROVIDE THE MAIN OBJECTIVE CLAUSE AND MATTERS NECESSARY FOR FURTHERANCE OF MAIN OBJECTIVE OF MOA OF THE COMPANY WHICH IS DEALING IN ACTIVITY OF GRAPHIC DESIGN, ANIMATION, VIDEO EDITING, WEB DESIGNING, WEB SOLUTION .

PLEASE ALSO PROVIDE AOA FOR IT

The Goods and Services Tax (GST) Council in its 27th meeting held on Friday approved a simplified returns filing system for taxpayers, which will approximately take a year to come through. The Council also approved change in ownership structure of GSTN, the IT backbone of GST, to convert it into a fully owned government entity, with equal ownership of states and Centre.The other proposals for incentives for digital transactions and sugar cess over and above 5 per cent GST and a cut in GST rate on ethanol were discussed but no final decision was taken. Two separate ministerial panels will be formed in next two days, Finance Minister Arun Jaitley said.All taxpayers, except composition dealers and dealers having nil transactions, will be required to file one monthly return and a three-stage transition period has been proposed, after which input tax credit will be provided only on the seller uploaded invoices.Till the time the transition to the new return filing process happens, the present system of GSTR-3B and GSTR-1 shall continue. First stage will continue for a period not exceeding six months by which new return software would be ready.In stage two, which will be for another six months, the new return will have facility for invoice-wise data upload and also facility for claiming input tax credit on self declaration basis, as in case of GSTR 3B now. During this stage 2, the dealer will be constantly fed with information about gap between credit available to them as per invoices uploaded by their sellers and the provisional credit being claimed by them.In stage three, GSTR-3B and provisional credit will be withdrawn and only the new return will be operational. Change in GST returns filing system will require tweaking of GST-related laws, Finance Secretary Hasmukh Adhia said.The panel on sugar cess and ethanol rate reduction will give its recommendations to the Council by next two weeks, while the committee to look into incentives for digital transactions will submit its recommendations by the next Council meeting. The government will also need to bring in an ordinance to facilitate imposition sugar cess, Adhia said.The Council had discussed a proposal wherein a 2 per cent concession, subject to a ceiling of Rs 100 per transaction, may be offered to consumers in B2C transactions if they pay through cheque or digital mode to incentivise digital payments.

While transferring shares of a private company, What are the procedures to be followed?
What about the stamp to be attached to form SH4?
Want to E-file any forms?

Can some one please explain when is rebate on IT is applicable? For A.Y 2019-20.

Where do we need to show the deduction made by the employer monthly basis? Monthly they deduct 200 from our salry along with PF. Under which section PF and EPF need to show it?

I have cleared ipcc group 1 and I was thinking to leave CA and go abroad for studies. So I wanted to know that will there be any benefits if I do CA and then go abroad in a country like USA,Canda or UK. Or should I study there if I want to live there and find a job.

Help me with ROC compliance for dividend declaration