Assessee is a partnership firm consisting of four partners.All the partner together introduces a sum of Rs 15 lakhs in the form of capital introduction.The query is whether the firm falls within the criteria for scrutiny selection considering that it comes under the non metro city

sir
employer contributes some amount to unrecognised pf and unapproved gratutity fund on behalf of employees.is it admissible expenditure in business under what section? if it is inadmissible it is taxable in the hands of employer.and same is taxable in the hands of employee at the time of receipt,so there is double taxation on same.how it is possible?please explain me elobrately.

what is reverse mortgage. what are the benefit under Income Tax for reverse mortgage

Hello sir,
How many times a article can transfer his articleship from one firm to another in total articleship period.
Kindly reference me the said clause or para.

Two individuals assessees(husband & Wife) having two separate service tax registration, jointly own a commercial property, which has been let out.

Can they save service tax by forming partnership. if yes, should partnership deed be executed before construction of property or can it be signed after construction of property?

Both the assessees are service tax payers in their proprietorship business thus limit of 8,00,000/- in each case has already been crossed. Rental income is 2,40,000/- jointly. I could not understand the last statement in Mr. Dayal's reply. Please explain

Please explain.

A partnership firm while filing half-yearly service tax return(April-Sep. 2007) failed to claim the service tax paid by it on input services. All output service tax dues were duly paid in time.
Now can it claim that credit in next half yearly return(Oct-2007-March 2008). If yes. Please explain the procedure in detail.

Mr. x sells development rights of his old residendial property aganist which, he received cash and one flat in same property.
whether cost of flat at market value or at constuction cost to be added in sale considaration along with cash?
can it be possible to avoid cost of flat,as he is entitaled to receive same area of flat for his own resident, as before transfering development regihts.

Hi i am varun. I have qualified my pe2 exam. I want to join a good firm as a article.A firm deals in only accounting &incometax not in auditing called me. should I join the firm?

Assessee carries a business of growing seeds in a nursery and sales the seeds therefrom.Whether the business will be considered as agricultural income and henceforth exempt from tax or shall be considered otherwise.