Dear Experts,
Mr. X has sold some unlisted shares purchased in 2010-11. In the process he has made a profit.
How will the same be taxed.
Whether indexation can be applied to unlisted shares?
Whether tax rate will be 10% or 20%?
Thanks
I am a salaried employee. I have purchased jewellery and TCS made on that purchase u/s 206C. What ITR I should select and where should I provide jewellery purchased details.
i m studying bcom(hons) 5th sem. i m thinking abt doing CA and want to knw which is better way to have an entry in ipcc either through cpt or through direct entry after graduation
Dear sir,
please tell me what is autosweep facility.and what accounting entry will be pass for autosweep in tally?
if A company/individual enter in a contract for Repairing of chemical Plant which requires technical and professional knowledge and contractor also requires to supply the all material which are to be consumed in repairing of this Chemical Plant. As, in this contract, contractor has to supply both Labours(professional service) and Material so it is works contract thus Reverse charge should be applicable ( 50% paid by the SR and 50% paid by the SP). TDS should be Deducted U/s 194J.
EX
contract amount 200000
70% amount is Service (professional)
30% amount is material
TDS should be calculated as follows
=200000+200000*70%*12.36%*50%
=208652
=208652*10%
=20865
Hi, I normally keep soft copies of my tax returns. My laptop crashed and the back up got destroyed. I need the details of my long term capital loss. How can I get the details of the filed return for FY12-13. I had filed it online on income tax website
HI,
We have filed our ETDS return for the f.y. 2013-14. There we have not deduct tds for one of our vendor due the exemption as per income tax act. but later on there was a demand raised by the TRACES due to wrong TAN mentioned in the exemption certificate. Now we have to deposit the TDS default amount with interest. Please suggest which section (either 400 or 200) we have to deposit the TDS and interest.
Regards
Sanjeev Grover
sir i hv
1 salary income
2 home loan self occupied
3 loss in F&o almost 3 lac and turn over is 40 lac
sir is it necessary to audit my accounts if i do not want to carry forward loss.plz reply as earliest.
thanks
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