whether each establishment to which the EPF AND MISCELLANEOUS PROVISIONS ACT is applicable required to establish separate fund as per the EMPLOYEES PROVIDENT FUND SCHEME 1952,or there exist any common provident fund for all establishments?

Dear Sir
I am partner in developer firm. We have constructing one building. During the financial year 2013-14 construction of building was not complete.Now we want to pay interest on partners capital & paid regular expenses like salaries to staff for FY 2013-14. Now my question is that whatever expenses incurred during FY 2013-14 like interest, salary should be debited to the profit and loss account or it should be added to the cost of the building like cement steel and show as stock in hand ???

As on 1-4-2012 in partnership firm 3 partner out of which 2 mejor and 1 minor. As on 1-4-2013 minor become a mejor. After six month certain fraud found of 2012 in partnership firm. That to decide close firm. Who is liable for that fraud as per partnership act. If firm borrow certain amount from bank who is liable for repayment of laon.(banking regulations apply for laon taken)

what is form 3cb & 3cd ?

Dear All,


PLease let me know, whether stipend is considered salary, if yes, it ir require to deduct karnakata professional tax on such amount.

Please quote case laws and related sections.

Thank you
Rakshitha

my grandfather bought a property in delhi in 1966 for Rs 12,000.
.
.
.
my father inherited this property in 1997
.
.
.
my mother and I inherited this same property this year , 2014.
.
.
.
we have sold this property for 3 crores and bought and apartment for 1 crore , this year-2014


Query:-
would there be any capital gains tax liable to us .if so, could we save capital gains tax by investing the rest of the money in a long term fixed deposit in a nationalized bank.

would really appreciate your help in this matter .

thanks

my grandfather bought a property in delhi in 1966 for Rs 12,000.
.
.
.
my father inherited this property in 1997
.
.
.
my mother and I inherited this same property this year , 2014.
.
.
.
we have sold this property for 3 crores and bought and apartment for 1 crore , this year-2014


Query:-
would there be any capital gains tax liable to us .if so, could we save capital gains tax by investing the rest of the money in a long term fixed deposit in a nationalized bank.

would really appreciate your help in this matter .

thanks

My relative has F.D.s in (A) Banks as well as (B) Corporates . Is it necessary for him to show the Interest earned from these two sources in seperate accounts in his Books of Accounts or can he just credit the interest earned from both to the same account , namely , "FD Interest A/c" ?

In other words , does the I-T Act have any different rules regarding the Taxation aspect of these two types of income or from the taxability point-of-view they are just one & the same ?

I sold a plot and made long term capital gain. I invested the amount in capital gain account scheme within 3 months.
And within 8 months purchased new house in Chennai. I already have one home in delhi.
Question is will I get benefit of section 54F.
If no, what can i do to save capital gain tax.

my question is -
X ltd has deducted & deposited tds on 4 transactions from Mr.Y during the month of may,2014 u/s 194C. how will it be shown in RPU for the quarter ended June,2014:
(i) total basis or
(ii) Transaction basis

thanks in advance