Dear all,

As per new DIN filing procedures, it is mandatory to fill either appliacants first name or last name. In case of Indian citizen, single name is allowed if single name is there in IT PAN.

My doubt is, if PAN contains single name, whether it is required to file affidavit attested by a Notary as per new procedures?

Kindly provide your expert advice..

Thanks in advance..

sir my question is that, is there any exemption limit of tds amount on which interest is to be caloculated or not?

in income tax there is a limit of rs 5000. above this amount we have to calculate interest. same as is there any limit is allowed for late deposit of tds.


thanks in advance..

Dear Sir,

I have given donation to a school and have received a receipt against that amount.

The 80G registeration number is mentioned on that receipt but the validity mentioned is upto 31/03/2010.

Now when I went to change the reciept, they said that there is a new circular where in the old registered society or trust are now not required to renew their 80G certificate, and their registeration is valid for life time.

They have not changed the receipt and my auditor is disallowing that donation in tax audit for F.Y.2010-2011

Please suggest what to do, and if any such circular please provide me.

Thanks in advance

Sec 50- Long Term Capital Gain-Short Term Capital Gain

Firm Purchased Premises in A.Y. 1977-78. Claimed Depreciation. Sold it in A.Y.2011-2012
Can I divide the said Asset in Land & Building seperately

As decided by the Bombay High Court :

Commr. Of IT Vs. Citi Bank N.A. dt. 23-04-2003

261 ITR 570 , 134 Taxmann 467

3. Can I substitute Value as on 01-04-1981 for Land for consideration of Long Term Capital Gain and Value as on 01-04-1988 for Building for consideration of Short Term Capital Gain. Being Sec. 50 has given effect

w.e.f. 01-04-1988

4. Any other view or Case Law for above fact.

Thanks

HELL & GOOD MORNING SIR

I WOULD LIKE TO KNOW THAT IF BUSINESS COVER UNDER 44 AD (PRESUMPTIVE BASIS)& HER TAX LIABILITY WAS ABOVE 10,000 DURING LAST F.Y.(2010-11).
IS HE LIABLE FOR PAYMENT OF ADVANCE TAX INSTALLMENT IN FOLLOWING YEAR ?

THANK YOU

can any one give a explaination of sa 220 quality control what it tells as terms n defination is tough.even if any1 has any link to these sa plz send me.

Dear Sir,
I have got 152 marks in cs executive 2nd group as follows:
Company Law 64
Economic and Labour Laws 32
Securities Laws and Compliances 56

will I be elegible to exemption both in Company Law as well as Securities Laws and Compliances,because I am having in 2 subjects an aggregate of 60%.
Thanks

Dear All,

1)we have allotted shares to the foreign shareholders in lieu of the amount due to them for supply of some materials. do we have to comply with any statutory with RBI for issue of shares on credit amount. plz guide with applicable provisions.

whether under companies law we can allot shares for dues payable on behalf of the allottee.

Plz guide.

Regards

Abhijit

My friend is an employee of govt. He gets quarter, but not residing in it and residing in a flat on a rent of its own. Can he claim deduction u/s 80 GG? He does not have its own home at the employement place.

I needed a transfer from my firm as they are not allowing me to attend me the CA Final Classes. It have been 6 months of my articleship training, and as per ICAI regulations I am free to take transfer in my first year of articleship. But the CA says that you will have to refund the money we have paid to you in excess of the ICAI stipend rules,Then we will sign the form 109. What should I do? Please suggest.....