A bigger HUF consist of karta, his only son, son’s wife and their minor male child.
Son of the karta is also having a smaller HUF consisting of he himself as karta, his wife
and a minor son.
Karta of the bigger HUF expired leaving behind the only son who now became the karta of
erstwhile bigger HUF, now the karta of the bigger HUF and smaller HUF are the same persons.

Now the question arises that whether both of the HUF will be merged up into one HUF as karta
of both the HUF are same or both of the HUF will continue to remain separate as before.

Please Advise.

As per explanation 5 to section 32(1), it is mandatory to claim depreciation. what is the reason for making it mandatory, even when unabsorbed depreciation can b c/f for the indefinite period?

IF HOUSING LOAN IS BORROWED BY A PERSON. LOAN STATEMENTSHOWING THE NAME OF BORROWER AS HIS SON, AND PERSON'S NAME IS SHOWN AS CO-BORROWER. AND ALL THE REPAYMENT IS DONE BY HIS SON. HIS SON IS SALARIED PERSON. CAN WE CLAIM HOUSING INTEREST + PRINCIPAL REPAYMENT IN INCOME TAX DEDUCTION IN PERSON A/C.

Sir/Madam,

I have filled the CA final exam form for Nov 2016. I made a mistake of putting year of passing IPCC 2016 instead of 2013. I need to know the procedure to correct the same urgently, since the website is showing none.

Thankuou

Dear Sir,

I have sold a plot of land and he purchase a residential house and cliamed deduction u/s 54F for purchase of residential house.

Even after taking deduction u/s 54F i am liabe to pay capital gain tax.

I have also paid some construction(renovation) expence in my newly aquired house property (renovation expence is much necessory to stay fit).

so my question is that can i take as dedction of construction (renovation) expence paid by me u/s 54F.?????

if any case law regarding this plese also suggest.

Thankin you.

kindly explain to me example with period

sir,

my income tax return of a.y 2015-16 is filed on 01/08/2016 can i revise this return.
if it can be revise than please tell me procedure how to revise it

Dear Expert

My client - senior citizen - filed ITR 2 with capital gain out of jewelry sold & rent income & interest on fd for A.Y.15-16.

In year F.Y. 15-16 assessee purchased property in metro city worth Rs. 1 cr out of fund received from her two sons. & given on rent.

Right now assessee is in out of india.

Notice received form limited scrutiny - issue - purchase of property. via mail & post.

how to resolved it. ?

Authority letter not made due to not present in india.

same type of notice also served on my friend with othe issue.

which paper submit on & how to resolved it with officer.

kindly reply how to attended ?

Hi I wanted to know whether stamp of CA is required or is it sufficient if the CA signs and puts his membership number in exam form and Articleship completion certificate. kindly reply ASAP. Thanks in advance.

In case of an assessee who has not filed his return and now wishes to declare his income under IDS, will he get the benefit of exemption limit? For example, if his total income for that year is Rs 5 lakh, then should he declare Rs 3 lakh as undeclared income and pay tax on Rs 3 lakh or should he disclose Rs 5 lakh as undeclared income and pay tax on that amount. Income Declaration Scheme 2016 Section 183 states that," a declaration of any income chargeable to tax under the Income Tax Act". This means that the declaration should be made only of the amount which is above the exemption limit. Please share your views.