My Client had been allotted a site by corporation in 2003 but registered in 2010. he paid whole amount through bank loan in 2003 and cleared the bank loan through EMI in 2009. Now he has sold the property and has invested all the amount as advance for the purchase of flat,. he will get the possession after 2 year.i have below doubts while calculating capital gain and indexed cost of acquisition.

1)Indexed cost of acquisition should be calculated from the date of allotment or registration.

2)indexed cost of acquisition should calculated on bank loan or EMI

3)Does he has to get any document as proof from the builder to show as evidence to income tax officer.

sir/madam,
i will b appearing for ca final & my brother will b appearing for ipcc in may , 2014 , so will the companies act , 2013 will be applicable for our exam .

Dear Sir,

please reply the answer of following questions;-

1) Is it mandatory to make full payment of income tax liability before filing of ROI under the Income Tax Act,1961? If yes, under which section?

2) I have received a notice from I T department about furnishing of details regarding the ROI wrt last 3 years i.e for AY 2009-10, 2010-11 & 2011-12. I have filled the ROI for the AY 2010-11 & 2011-12 but not filled ROI in AY 2009-10 although my income in AY 2009-10 was taxable. Please help me that how should I reply to the AO?

Thanking you

Ashutosh Kumar Jha
9534140352

DO the prices of services remain more stable i.e., have less fluctuation than goods? if yes, why? please ans its urgent!

if the person have GTI of 20000,ONLY int incme from bank rs 20000,IS BANK DEDUCT TDS AND THEN WILL GIVE THE REMAINING INTT ON BANK ACCOUNT,SO IN THIS EVENT WHATS THE USE OF 26AS,AND HOW THE CLIENT CAN CHECK WHEATHER BANK DEPOSITED THEIR TDS OR NOT TO AUTHORITIES.

Thanks for the reply sir
I am correcting my text can you please see it sir
Eg. A provides service to B for Rs.30000 and B has paid the full amount i.e.,Rs.30000 without deducting TDS to A. Later again he has paid TDS amt to TDS Department as per rules for Eg.3000.
* Now how A has to account for Rs.3000 in Books of Accounts
And A has no option to raise the bill amount.

If a Salaried Person miss deadline(i.e. 31st march of every year) for IT return for AY 2009-10,AY 2010-11 and AY 2011-12,than what will be Penalty and Interest amt of It?Reply ASAP

Thanks

sir

my liabilities state form 1/04/2001
any relief form profession tax and i register in now than how much tax i should be liable to pay

where any company is paying money to fulfill its csr obligations just. It is not getting any advertisement benefit from that, then whether tds will be required to be deducted in such case or not? If yes, under which section?

Iam doing bcom course distantly and am now completed 2nd year and 1 more year is left to complete the course.Now in may 2013 am passed both groups of ipcc and now started my articleship.I want to complete my bcom and i was passed icwai foundation too.I want to do both bcom and icwa.In form 112 i specified bcom,but after 1 year i want to continue my icwai inter.plzzz tell me wat is the solution,i dont know plz suggest me