Residential house purchase for rs.140000 in year 08-09, it sold in year 12-13 for rs.181000.
AS per income tax it is show Capital loss of Rs 24095.

So what should be the accounting entry for above transaction.
Whether in accounts indexed cost should be considered or original cost?

A PARTNERSHIP FIRM IS LIABLE FOR TAX AUDIT U/S 44AD, INCENTIVE GIVEN TO PARTNERS..
MY QUERY IS WHETHER TDS PROVISIONS ARE APPLICABLE FOR PAYMENT OF INCENTIVES TO PARTNERS FOR AY 2013-2014??

KINDLY REPLY.

there is joint account in bank. first holder is husband & second holder is wife if FD is made in the name of wife from her salary account & maturity Comes in joint account. then in whose income interest will be credited?, since bank account shown in husband's return.

Dear all,

please help me to tell in which coloumn 44AD income should be fill in ITR 4.

Sir
I want to know what is the Works contract Tax Rate and how it calculation and reflects in Water treatment and sewage projects. and also Service Tax is applicability and in detail.

in case of huf d.o.b. mentioned "ancesstral" mentioned. when online return submission which date typed.

please reply.

I am preparing statutory register 301 register of contract, I am very confused how to fill details like directorship in other companies:

So my question if A is director in 10 companies then all companies details should be entered or not?
When I see other register I saw that A is director in 10 companies, but only entry in register 301 is 5 companies why not all companies entries are there.


Please suggest and clearly deeply and how to get data for this.

surajsingh

Hello everyone,
Please guide me in this prbl. While im registering DSC of one of my clients in the Income tax portal its not accepting i mean the "select certificate" bar is not prompting. We have even installed the Java runtime environment 1.7(windows Xp), but the problem we are facing is the same.

Thanks in advance

Hello All,

Please find scenario

Partner ship firm having business of web developing, application developing having receipts of 25 lacs or more

Work is also done from third party as job work and salary is paid to employees work in office

Qualification of Partner: Graduation in computer application

Whether income is from profession or business?

my client has planning to take money from foreign investor to set up a new buisness in future. the same is received in currently in the pvt ltd company. the foreigner is just a investor i.e. sleeping partner.
my client has paid up necessary fees for registration of this transcation abou 1.25 lacs.

now my question is.

1. wether a pvt ltd comapny can take a loan from a foreign investor who is not a director, member or relative.

2. what procedure to be followed by the company to take amount from the investor.
3. what document to prepared .
4. which resolution to be passed.
5. can a company first issue the shares to investores and then take a loan is it possibel? because issuing share to him become a shareholder. and then we take money as a unsecured loan.

6. wether tds provision attrated to this.

pls reply as soon as possibel because it is urgent.

thanx in advane.