Is disability pension received by a disabled officer of Indian Armed Force exempted?If so, under which section is it exempted?Which ITR should be used to file return?
actually we have one vender who sign as a proprietor. but when I saw his Pan its last digit is F. so I m confused wht amt of tds to deduct
Dear Expert,
I want send ITR-V of my whole family i.e, 4 ITR V's in one Envelope..Can i do so ??
Pls reply fast..!!!
Two person buy a land and divide it among themselves later one person wanting to sale the land sells to other.
Now the other person wants to sell the whole land how will the cost of acqusition will be calculated and how to treat the transaction
i am giving both groups IPCC in nov14 . and i have classes but with syllabus of 2011 . can anyone please tell me the recent changes in syllabus till nov 14.
id be very thankful.
thanks,
Lakshit
last yr accrued commission income was Rs.431000 nd received in current year for Rs.360000,here,tds claimed last yr on accrued comm. was 50000.So,my ques. is how to treat this 50000 nd remaining balance of 21000 in accounts??Whether to write off it through capital a/c ?? ( proprietorship concern)
sirs,
I am an ex-serviceman.(indian navy)I had sold my plot for Rs 13,50,000.The purchaser registered the plot at Rs 4,00,000 which was the govt.circle rate at that time as he wanted to save money on registration.
I deposited the entire Rs 13,50,000 in my bank account.
at the time of finalizing the deal i had taken Rs 1,00,000 as a token money and the balance 12,50,000 was paid to me at the time of registration by the purchaser.
In the assessment year 2008-09 Income tax department sent me a notice stating that out of Rs 13,50,000 only Rs 3,00,000 is the amount realized by the sale of plot but the balance Rs 10,50,000 is liable for tax as according to them it is an unexplained income.
They have considered just 3,00,000 and have ignored Rs 100,000 which was an advance received as a part payment of the plot.
They are asking for tax on the amount of Rs 10,50,000.
they taxed me of around Rs 3,50,000 apprx and as i didnt pay that now adding interest to it the amount has come up to Rs 5,00,000 as tax payable.I had requested for installment which they have converted into 6 installments but I wish to make an appeal and request for exemption of all the tax amount as i am not at fault.please help
My books of account have audit u/s 44 AB.I purchase second hand computer from friend as personal assets and not record it in my books of account for Rs.10000.00 I pay every year Rs.3000.00 as Annual Fees as software use for my recording my business transaction .
Can i claim expenses of Rs.3000.00 while computing business Income
WHAT DOCUMENTS ARE TO BE REQUIRED TO ICAI FOR TAKING A TRANSFER ON THE BASIS OF PERANTS TRANSFER ONE CITY TO ANOTHER CITY.
MY FATHER IS AN EMPOLYEE IN A PRIVATE FIRM AND HE JOIN A NEW COMPANY, SO WHAT DOCUMENTS ARE NEEDED FOR TAKING TRANSFER. IS THERE ANY RESIDENCIAL PROOF REQUIRED IN ANOTHER CITY.
PLEASE TEEL ME......
Respected Experts,
A company has made provision for diminution in value of mutual fund investment during the past year. At the end of current year the realizable value is more than the cost value. My question is should the company reverse the provision made in previous year?
Thank you
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