sir please tell when an assessee is liable to pay advance tax?
sec 208 only makes it obligatory to pay advance tax in every case where the advance tax payable is rs 10000 or more but it doe not tell when advance is payable...
A PERSON HAS PURCHASED PLOT IN 1986 FOR 40000RS
SOLD PLOT ON APRIL 2013 FOR 30 LACS .
IN THIS TRANSACTION CAPITAL GAIN WAS 30 LACS
CONSTRUCTED HOUSE PROPERTY FOR 36 LACS,
CONSTRUCTION STARTS IN JULY 2013 AND COMPLETED IN MARCH 2014
BUT HE HAS NOT DEPOSITED CAPITAL GAIN OF 30 LACS IN CG DEPOSIT SCHEME
IN WHICH YEAR RETURN THIS TRANSACTION IS REQUIRED TO BE SHOWN, IF CONSTRUCTION COMPLETES IN APRIL 2014 THEN?
I had lost 1lac in shares. Can I get any exemption in any section, while filing IT returns??
My Jijaji passed away in Nov-2011 and his last return was filed for FY 2008-09 manually. After that due to serious illness he could not give attention to file his return till his death. He was having rental income and TDS was deducted by rent payer till last. Now can my sister file a return for FY 2009-10 & FY 2010-11 as legal heir of my Jijaji and claim a refund for both these year? Are there any penalty for late filling will be assessed? Pl guide.
My Jijaji passed away in Nov-2011 and he was having a rental income and TDS was deducted by rent payer till Dec-2011. After that rent was paid in the name of my sister and TDS was deducted accordingly. So should my sister file separate return for her as individual and another return as representative / legal heir of my Jijaji? or she can file consolidate return for both in her name as individual? Pl guide.
Dear Professional Colleagues,
I need a format for application to be made to CIT for condonation of delay in filing of Form 10 u/s 11(2). Please do the help if you have the format of the same.
my co. have paid in a account name shade construction for some money above the taxable limit i.e in 194c but i have not receive any contractor bill then what is my liability to deduct tds on that amount?
Dear All
Currently we are availing cenvat credit. Now the company has decided to stop availing cenvat & avail exemption of 1.50 crore from next year. Our current turnover is greater than 4 crores. What is the procedure for the same? Can any body guide me?
Dear Sir,
I have following query;
1) Whether Builder is covered under section 44AD, since he does not have any sale during the current FY
2) While calculating profit of Builder (Partnership firm) do we need to add back the tax/ Income chargeable to tax calculated by applying section 44AD and then calculate partners profit.
please reply.
Thank you in Advance.
Regards,
CA Rohan.
respected sir,
i am a small retail traders, turnover amounting to rs 26,00,000.i have used sbi savings occount for transactions which is in the name of my son.i like to know that, whether i have to idicate the bank occunt which is in the name of my son in form 4s for ay 2012-13 .please clarify .thanking you.
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Advance tax