Anonymous
20 August 2012 at 22:41

Emergency need quick reply

a housewife who has just deemed rental income from second house of rs 50000 and 20000 other
and has 80c rs 20000 for previous year. she sell a long term house of rs 10 lakh which coa is 2 lakh so long term cg 8 lakh
she has purchased a house of rs 4.5 lakh
now remaining 3.5 lakh. how to save from tax?
we can use capital gain account scheme
after two year also she has only 80000 as normal income.
cant use 54 ec six month time over.

Answer now

CA Sanjay Baheti

An Individual has juricdictional ITO in Ahmedabad (Gujarat) having Address in Odhav in ITO Ward 3 (1) Ahmedabad till 2008 based on such Address & in PAN Also.

Subsequently He changed the said Address to New Address at Isanpur by filing modified Form 49A and obtained also New PAN card & Letter from NSDL,Pune.Accordinly the New Juricdictional Area of ITO comes under ITO ward 6 (4) Ahmedabad based on changed address as notified to I.T.Deparment.
further based on that I have filed ITR relevant to Asstt.Year 2011-12 online by mentioning ITO 6(4) Ahemedabad.

However when review the same on efiling incometaxindia website through my account menu as well as my pan Status still it is showing the old ITO Juricdictional Authority i.e. ITO ward 3 (1) Ahmedabad.

How to rectify the same with deptt. as i am going to ITR online for this Asstt.Year 2012-13 what i have to mention in juricdictional AO Area in General Information in Excel file of ITR.

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Chintan R. Shah
20 August 2012 at 16:46

Certificate related query

Does ICAI issues any certificate after passing PCC exam both the group in May 2012 ??

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MONISHA
20 August 2012 at 14:47

Additional director

An additional director was appointed on 24/04/2008 in a company. He was not regularised in the ensuing AGM i.e 30th september 2008 nor in any further AGM's till 30/09/2010, but still shown as additional director on MCA Portal. Now what we should do to Regularise them.
Moreover we have filed annual returns of the said company till f.y 2009-2010 with notices.

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R VAIDYANATHAN
20 August 2012 at 11:19

Service tax on educational trust

service tax fully exempted for eductional trust or not

what is the latest servicetax amendments for educational trust (For Exemption) FY2012-13

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Anonymous
20 August 2012 at 10:23

On import services

we import a machine from germany. we have received invoice agst this machine. But in invoice they shown Amount like below:-

sum of basic machine euro 994230.00
Installation charges euro 36360.00

Total euro 1030590.00

Is there any liability for service tax?


Please give suggestion, any notification please mention

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Anonymous
19 August 2012 at 21:06

Gift of sum to mother

I am a NRI. I have booked one flat in India by payment of 18 lac from my NRE Bank A/c. 25% amount is yet to be paid.But I now want to Get it Regd in name of my mother by showing the sum paid as Gift to her. Balance payment will be done by my mother.
How can I?
What is to be done by me.
shall I write a Gift letter/
Kindly suggest me.

Rakesh

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sainath
19 August 2012 at 08:57

Eligibilty for ca direct entry

Only three subjects related to the notification of total B.Com are required to get more than 55%
Or
I should get B.Com marks total above 55%
Pls give a clarification
Thanks...

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Anonymous
18 August 2012 at 12:28

Tax planning for a salried employee

Dear All,

Can you suggest some measures of tax planning for a salaried employee having salary income equal to Rs. 600000/-.

Please suggest the measures by which tax liability comes to minimal or nil tax

Thanks in Advance...

Answer now

vipin pitaliya
17 August 2012 at 19:36

Applicablity of tds

OUR CLIENT HAS ENTERED INTO AN AGREEMENT WITH FUTURE GROUP(FVRL) FOR SALE OF PRODUCTS FROM ITS(FUTURE GROUP) SHOPS IN THE MALL. NOW AS PER THE AGREEMENT CLIENT WOULD PAY 58 LAC FOR THE WHOLE AGREEMENT
NOW MY QUERY IS WHETHER PAYMENT MADE COMES WITH IN THE PURVIEW OF SEC 194 J,AS THE CLIENT IS USING THE BRAND NAME 2 SELL ITS PRODUCT,
WHETHER IT SHOULD BE TREATED AS RENT AND TDS WILL BE DEDUCTED UNDER 194I,

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