sudha khusi
12 January 2014 at 12:51

Direct entry.

Dear all

I have one confusion...

I were eligible to Direct Entry in Aug 2012 but i did not registered under direct entry.

since i had already join Class so no time for going article.

Than registered ipcc under CPT route in aug 18, 2012.

In may 2013 i did not pass any group and for nov 2013 i did worst my exam.

After result i am planning to convert under Direct entry and start articleship.


Can i Switch into Direct Entry Scheme after result???

.....expecting solution from you ...friends.....help pz....& advice me.

Thank you


anant

Dear Sirs,
Assessee sold original asset u/s 54F and transfers sales consideration to his wife's account. An under construction residential flat is booked in their joint names but payment of instalments to the builder is made from the wife's bank account.Now my questions are as follows;-

1)From which accounting year will the flat be shown as an asset in balancesheet-year of booking or year of possession? If the answer to this question is year of booking then what amount will be shown as asset-the full sale value or the total amount paid as instalment till 31stmarch of that accounting year?
2)In whose balancesheet ,assessee's or his wife's the new property will be shown as an asset so that section 54 F exemption may be successfully claimed without any problems or hitches. OR should 50% sale value be shown as an asset in both assesse's and his wife's balancesheet?

THANKS IN ADVANCE


Soniya
12 January 2014 at 12:40

How to calculate interest under tds

We have not deducted Tds in the month of August dated 27th august 2013 in one bill Amount 700000 now we have deducted tds on 10 th Jan 2014 Rs 70000. Now how shall we compute interest to be payable 1% and what will be interest amount to be deposited and what will be the treatment of this interest amount?


Soniya
12 January 2014 at 12:36

Tds query

We are conducting the Training of the Employees and Induction Programme of Our Company's Employees in the Hotel Premises.
Are we suppose to deduct Tds on rent on the Hotel Bill under Section 194I ??



Anonymous

Hi,

I have filed form 23 AC and 23 ACA online. In case of filing form 20B what attachment shall I attach for Annual return as per schedule V of the Companies Act, 1956. Please help.


Nikhil
12 January 2014 at 12:11

Trust & society

what is trust registration procedure & can anyone registered trust , & difference between trust & society


Ganesh Kumawat
12 January 2014 at 11:00

Exemption

What is the allowances of a assessee which is in police services & wht is the exemptions under then . & tell the tax planning in all if can do so?


anant

Dear Experts,
Assessee is owner of one residential Flat(bought for claiming exemption u/s 54F in fy 2010-11). He had also booked an under construction residential flat in fy2012-13 (and claimed exemption u/s 54 )and is likely to get possession and registry of sale deed after at least one year.
Recently (fy2013-14) Assessee has sold an asset u/s 54F (vacant urban land). MY QUESTION IS
Can he purchase another residential flat,house etc and still get capital gains exemption u/s 54F?

Thanks in advance.


P.C. Joshi
12 January 2014 at 10:37

Tds on supply of contract lunch

Please share your views on the following query:

1. A company is sponsoring a students study trip and for that purpose needs packed lunch for about 200 students. the suppliers supplies the packed lunch and charge 12.5% DVAT. Is the company suppose to deduct TDS from the supplier and what is the rate of TDS if the supplier does not have PAN.


Leoswim
12 January 2014 at 10:29

Gold ornaments ownership without bill

sir I am in possession of a gold chain approx worth 40 thousand rs but unfortunately I have lost the bill somewhere in the house or during cleaning/shifting to new home. my query is that in general how ownership of precious articles is affected in absence of proper bill. can the ownership be challenged by anyone. if yes how will the person in possession will prove its his ?






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