what do you mean by when a company factored its debtor's to bank?

Dear Friends,

If at the time of Transfer Assessee owns only one Residential House and purchased another house and claim section 54F deduction.

However after purchasing 2nd house if assesse purchases another 1 or 2 houses within 1 year then whether the deduction is to be reversed. and if yes then in which year ?

Please also provide some logic...

Thanks and regards

Hi,

I booked an apartment in Chennai on Aug-2013 (expected possession Nov-2015).

Agreement with builder says that any future tax or government fee is needs to be borne by me.

Builder is sent me to letter to pay 2% 'addition development fee'. When I asked him on phone about it, he told me that it is VAT.

My questions:
1. Who should pay VAT - builder or me?
2. If builder is suppose to pay VAT, can he ask me to pay it as 'additional development fee' (nothing of this sort is written on agreement)?
3. Can I refuse to pay 'addition development fee' and ask him to provide demand letter of VAT? If I ask him to provide it, will he provide me that? Can he create trouble for giving possession of property if i refuse to pay this amount?

I own a house jointly with my father for the last 22 years which I would like to release to him without any consideration. If my father sells this property for 75 lakhs what will be the capital gains he will have to suffer. Cost of purchase of the house was 2 lakhs. Please confirm whether indexation benefit will be available for him from the original purchase date or from the date of release.

is there change upcoming nov 14 for FR & sfm ? ca final
in Audit & law, there are change of only company act. ok ? law other act will be same? company act changed

whether deduction under both sec 35(1)(ii) and sec 80GGA can be allowed simultaneously??

Hi,

We are giving service as a Party plot with catering.

We have devided all activities between three company.

Here one company charge for Rent of Party Olot. Second company charge for Food. And third one charge for Decoration and other things.

Here my question is that on which rate service tax to be charged on Rent Portion in First Company. Abatement under Notification no 26/2012-ST. entry no 6 is availeble here?? We should charge 12.36% on 100% value or 60% value(as per notification.

Thanking you in advance.

Dear Sir

I have an FD of Rs.6,97,620/-.
Rate of Interest is 8.75%.
Period : 21.12.13 to 21.12.14.

Bank provide me a interest certificate mentioning as follows :

Interest Amount : 15051/-
TDS Amount : 1692.60/-
Accrued Interest : 1875/-

Please advice me the Journal Entries need to charged in my books of Accounts.

Dear Sir / Madam,
I am a salaried person, I did not file ITR for FY 2011-12 but now I want to file it.

So please let me know under which income tax section I can file the same?

Is there any penalty will be levied on me?

I want to inform you that in relevant year I did not get taxable income but in the earlier years I had filed the my ITR.

Hope to hear from you soon.

Are the documents required to be attached with Form Din 3 be self attested or attested by a authority/authorised person.