sir I have recieved a notice from income tax department India . my father sold the agriculture land in December 2012 . which was the ancestral land. now we have received a letter/notice from income tax department that 1. provide the details of computation of capital gain received by sell of immovable property. what can I do sir now. please help me
Answer nowsir I have recieved a notice from income tax department India . my father sold the agriculture land in December 2012 . which was the ancestral land. now we have received a letter/notice from income tax department that 1. provide the details of computation of capital gain received by sell of immovable property. what can I do sir now. please help me
Answer nowCould you please tell me the provision regarding the ceiling limit of director remuneration in case of pvt. ltd company having paid up capital of 1 lac
Answer nowis the calculation of tax is different for them, and in turnover we include both favourable and unfavourable trades, why ?? Is any expenditure we allow them to deduct from profit?
Answer nowhi sir my query is about input taken from Courier bills. Professional like lawyers and others professions had a service tax registration he is a paint tax but he also paid telephone bills and courier bills. these bills includes service tax can professional will take the input of these bills.
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I am purchasing a property. There was an existent house which has got demolished and flats are being built in that land. There is a land agreement for 28 lakhs (for uds part) and construction agreement for 80 lakhs and both have been registered. The existing house has been demolished and construction is underway. As per 194IA, TDS is to be deducted if the sale consideration of property is greater than 50 lakhs and I have informed the builder on the same that I will deduct TDS on payment. However, his auditor's view is that land is the immoveable property which has been sold and is less than 50 lakhs and hence not applicable and also service tax has been paid on construction cost treating it as services. Please confirm whether TDS is applicable and I need to deduct 1% on the payments I make as the total consideration is greater than 50 lakhs.
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Answer nowHello All
I want your guidance in regards to the capital gain scheme account.
My client has deposited a amount of his capital gain on sale of property in the capital gain scheme account for 1 year for taking exemption u/s 54 on 31.7.16. and he sold the property in Feb16.
But he is not able to take other residential property within 1 year from the date of sale , can he extend time of the FD done in the capital gain scheme to another 1 yr?
What will be shown in the return for the assessment year 2017-18?
Pl advise.
Regards
Can anyone pls tell me ..whether CA final corporate & Allied Law book by Munish Bhandari sir for may 2017 attempt is available in market or not & can it be ordered by courier ??
Answer nowdistinguish between product cost and period cost
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computation on capital gain on sell of ancestral land