If asset is sold and we got profit on sale of asset.can we credit this profit in p&l a/c as per companies Act??? and
1)what will be the treatment for the same in income tax act.
2)what will be the treatment if block of asset becomes nil as per income tax and how should we disclose the same while computing Net tax payable
Plz clarify

amandentment in company law and its applicability

DEAR SIRM I WANT TO KNOWN THAT IF CAN I RECEIVE A A/C PAYEE CHEQUE OF RS. 5 LAC FROM FROM FRIEND AS A GIFT.
WHAT ARE THE TREATMENT UNDER GIFT TAX.
AND HOW TO AVOID THE INCOME TAX APPLICABLITY.

Greetings of the day!! My question is- In the Tax audit report, if a qualification is made that "proper books of accounts are not maintained" or " No books of accounts are maintained by assessee" then what can be the probable consequences while processing of audit report by ITD and for the assessee.? plz suggest thanks

Dear All, What is the Compliance to transfer of shares of a Private Company under Companies Act, 1956.

And, what would be the amount of stamp duty for Rs. 10,000 amounted Shares.

Thanks,

hello every one,

my query is that if a proprietor has two proprietor ship firm then how we would deal it in tax audit
1. do we conduct single tax audit for both the firm
or
2. separate tax audit for each firm

plz consider this as soon as possible

thankingyou

a person has taken service tax no as a work contract he can take benefit of cenvat credit on service tax he paid and also on pure labour charges work or not pl explain

last date of scootny notice for assesment year 2013-2014

2 months back in July my father received a notice for A.Y.2011-12 and A.Y.2012-13 for non-filing of return.He retired from DDA in August 2012.the notice was received on mail and it was asked to visit the site under compliance menu reply is to be sent.I have replied there and an acknowledgement was duly received.

But my father now received a hard copy of the notice asking again for non filing of returns for A.Y.2011-12 and A.Y.2012-13 and there again they asked to follow same procedure that go to compliance option and submit your reply.

If i have submitted reply already and the site also showing that reply has been submitted then why again hard copy of notice is received??????????Please reply

Hi All

I am a NRI, have purchased a residential property in Mumbai, India for investment purposes.
I am not availing any loan facilities in India and need to make payment to the builder based on the remittances I have made from my overseas earning.
Wanted to know, from which account(NRE/NRO) should I make the payment in the following two situations:
1) In case I dont go for property registration.
2) In case I go for property registration.

Will like to know if there are any restrictions in the nature of payment I make from either of the accounts and what are the tax implications.