My first question is that somebody purchasing a flat for amount Rs. 90 lakhs. (Market Value)
But the actual value of that flats, as per circle rate Rs. 10 Lakhs, after approaching the seller, seller is agree to sale the flat on paper double the circle rate i.e. 20 Lakhs.
Know the question is that buyer is purchasing the flat @ Rs. 20 lakhs as a white (through cheque) and rest of the amount Rs. 70 lakhs as a Cash.
But, the problem is that the buyer has all amounts in Bank as a white. If buyer withdraws the entire amount as cash from Bank Rs. 70 lakhs. Can Income tax department ask, where is that money use. If they ask what is the solutions.
As per the present market without Black no body can purcahse the flats in white. Can they say we are giving the amount to individual as a Cash.

My grandfather agricultural land is acquired by State Government.
My first question whether income on sale of agricultural land is taxable or not?
My second question my grandfather fix this amount to F.D., whether interest on F.D. is taxable or not?

I would like to confirm the accounting period on which the supplementary deed is executed on 22.02.2013 as per the below clause Incorporated in registered firm?
The Partners shall be entitled to modify the above terms relating to remuneration, interest etc, payable to the partners by executing a supplementary deed and any such deed when executed shall have effect, unless otherwise provided from the first day of the accounting period in which such supplementary deed is executed ad the sane shall form part of this deed of partnership.

New Notification jo 1 june 2013 se apply hui hai, is sambandh me ki yadi 50 lakh se adhik ki koi property yadi purchase karte hai to buyer ko 1 % TDS katna hai,

Par yadi TDS katate hai to TAN No. & TDS Return ki responsibility bhi aa jaegi.

par meri adhuri jankari ke anushar sayad TAN no. se chhut di gai hai,

par mera Question ye hai jo TDS kata hai use GOvt. Of India ke paas Deposit kaise kare, or TDS Certificate Kaise Issu kare, Jisse ki Seller TDS Claim kar sake.

WHETHER INTEREST ON TDS ALLOWABLE EXPENDITURE UNDER INCOME TAX ACT OR NOT

My friend wants to start electrical fitting business, does he require service tax registration, vat registration and tin number. If yes, please tell me how to obtain all these. Where toapply for tinin bangalore

Sir/Madam,
I am going to join as paid assistant in a CA firm. I am also going to apply for COP. May I know that can I do attestation work(separate practice) in individual name if I join as paid assistant.

Second shall I become FCA, after five years, if I work as paid assistant with COP.

Please reply ASAP.

Hi,
I am a chartered Accountant cleared in May-2012 and currently doing job in an ERP profile as a functional consultant. I am not satisfied with my current profile and want to change my profile. I am planning to do IFRS certification course but got confused whether is it worth doing IFRS course after being a CA. If I complete the same whether my value in job market in terms of position and pay will enhance or it will not make any difference?

CAN ANYONE ANSWER HOW TO KNOW A COMPANY PAN NUMBER?

How much amount can we take from Bank as a Cash, and Income Tax Department not ask, whether this amount is use. In One Day, In One Month or In One Financial Year.

If take 12 to 15 lakhs in one day, what is the solutions.