i have purchased one property having registration value of 1500000/- but i have paid to the seller 22500000/.Now the Income tax department is only considering the registred value for purpose of capital gain computation. What shall i do now. can any one help me in this regard. Thanks in advance.please treat this as urgent and help me.
Hi Friends....Can you please tell me the procedure for admission of new members in Sec. 25 companies?? And also the procedure for cessation of existing members...
Answer nowDear Sir,
I am in my articleship phase of 1st year.My firm is US based Company where i am learning the work of US rather than India in International Tax Department.So will it be useful for me in the coming future to get a Job.However in the coming years if i join Industrial Training and get into the tax department to learn more of India and US as well will that add a bright carrer to my future.
Your reply at the earliest would be highly appreciated
Dear Sir,
I am previously employed with a bank.However,after 3 years service I leave the job & received leave salary & withdrawed EPF Balance.As I have withdarwed EPF before 5 year,the amount is taxed to me.However,I want to know that whether I can take any tax saving advantage by investing u/s. 80 C & get deduction from withdrawed EPF Money?Further,I also want to know what is TDS Rate on early withdrawal of EPf?
Whether donations received by private trusts will be considered as income of the private trust. If yes,whether the same is taxable or exempt. Please give reference of relevant sections, case laws, etc.
Answer now
An educational institution is registered under Section 12AA of Income Tax Act.
Its Gross receipts are 30 Lacs
depreciation is 4.5Lac
It has defaulted in the payment of ESI.
How do we compute the income to be applied for exemption under Section 11 Of Income Tax act 1961.
Plzz tel me what is the procedure to Correct TDS Return ..
Dear Sir,
One of my client do not file IT returns and now he is willing to purchase a car of cost around 8 lacs. For being on safe side, how is the idea, if he receives Rs. 1 lac cheques from each of his 5 to 6 relatives.
Please advise me.
hw cn i find job in public sector? m pursuing ca final n is public sector better option than private?
Answer now
If asset is less than Rs.5,000 then full depriciation is to be claimed ???
And suppose for example i purchased a assembled computer in it there are many accesories present which i had purchased for less than Rs.5,000 then those all items have to be fully depriciated
Or
these assets are going to be integrated and i will take the cost of the whole computer for depriciation purpose or will go component wise ??
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Property value