A wholly owned subsidiary carrys 10000 RIL shares which was bought 9 months before @ 700/- and now due to some internal arrangement transfer to holding company at same value. Whether there will be any capital gain in case if shares value as on date of transfer is 900/- per shares. At what value this transaction will be taken place for the purpose of income tax act.

Hi,I have incurred loss in F & O trading
and as per Tax rules Section 44AD Tax Audit needs to be carried out no matter the Turnover unless posting a profit of 8% of turnover. In one of the Previous Query response on this site I saw that turnover should be more than 1 crore for mandatory Tax Audit but its not the case as per my understanding. Kindly comment and provide us the section and rules underlying the F & O Tax Audit for correct guidance of all.

Please validate the findings of this blog:-
http://www.zerodha.com/z-connect/blog/view/taxation-simplified

I am a Chartered Accountant currently in service. I have completed the GMCS course. I want to now enroll for Certificate of Practice. Please advise if the CPE Hours are compulsory for me if I opt for COP.

my mother who is a senior citizen has a rental income of 234000 in a.y.2013-14 apart from family pension of 64000.what is her tax liability&is any portion of rental income exempt from tax.
urgency requested in view of last date tommorrow.
thanks

I have cleared IPCC exams(both groups) in first attempt with a score of 466. Can you please suggest me some good mid size firms in ahmedabad for my articleship program where i get an opportunity to learn.

if i open offices in states with the same name and got VAT and CST registration without mentioning that all the offices are dealing with the same product but transferring goods from one to another can i ISSUE FORM"F"
PL NOTE THAT EACH STATE IS IMPRTING THE GOODS ON ITS OWN WITH ALL PROPER DOCUMENTS FOR SUCH IMPORT

pl clarify

regards
seshasayi

Can anyone tell me what is VAT AUDIT?
What is the procedure for VAT AUDIT?
What are the areas to be covered in VAT AUDIT?

i'm CA Final student & i'll Wnt to Do CPA (USA) can you explain about eligiblity for CPA for Indian CA & no. of exam papers & fees & exams Center in INDIA also please anyone can help me.

Can an assessee claim deduction for expenses actually incurred in earning income u/s 194C?

As per Section 115C clause e of Income tax act 1961, a person of indian origin is a person who himself or any of his parents or any of his grand parents were born in undivided india. So if a person or any of his parents or grandparents are born in INDIA after independence then would he be a POI?