Dear All

Please provide me List of Country where GSP and COO apply separably

pankajsingh4246@gmail.com

My turnover in F & O is around 10 Lakhs & i have incurred loss of about 2 lakhs during FY 2012-13 AY 2013-14. To carry forward loss, will audit u/s 44AB will be required.

Also whether provisions of section 44AD will apply if accounts are not audited(i.e minimum profit of 8% of turnover/gross receipts)

Helo Sir,
My Brother Is A Idea Distributer And He earned Claimes This year 147617.68 From Idea Celluler Ltd, For that one He Got Deducted TDS Flat @10% Under Section 194H and 194A, So I want to File His Return And To Get Refund OF 14761.0.



Note: He Dont Have Any Other Income.
Please Guide Me How to do and Which Number ITR Is applicable To Him........

Is issue of share certificate of pvt ltd company requires of revenue stamp. if yes of what amount.

on trasfer of share certificate of pvt ltd. company requires what amount of revenue stamp.

Dear Sir, we are manufacturer of Impress printer.we have purchase raw material i.e accessories items for produces Finished goods but our customer he want only accessories i.e charger. but we are not trader.we have only Manufacturer.my Question can be we have sale the Accessories without registration of Trader in Excise Pls advice

Regards
Praveen

An eligible assessee who claims that his profits and gains from the eligible business are lower than the profits and gains specified in sub-section (1) and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB.

◊This subsection talks of two cumulative conditions for applicability of 44AA and 44AB: -
i. The Income from eligible business is lower than 8% of Turnover or Gross Receipts,
AND
ii. The “TOTAL INCOME” exceeds the maximum amount not chargeable to tax.

If (ii) condi. not fulfilled then 44aa & 44ab not appli. and assessee will not have to pay tax.
What is total income includes
-only business income OR
-income from all sources after deduction??????

I just want to confirm that is ground rent paid is cover in MCD TAX HEAD in the income from house property
and company earn only rental income and paid ground rent and mcd tax both is this expense is other than 30% deduction

Thanks in advance

Kindly analyze the following and enlighten me on Income tax matters.

A. B, C and D, hindus, are the joint owners of a residential property in Chennai. They have inherited the property from their deceased father who had inherited from his father.
A and B alone have been occupying and maintaining the property for the past 25 years, also enjoying the rental income. For the purpose of A's son's education, A requests the other three members to transfer their shares to himself to facilitate easy borrowing through mortgage. They make an oral agreement that in case of sale of the property, B, C and D to be paid off their shares after taxes. Eventually A sells the property and desires to transfer the due shares to B, C and D. Kindly explain the incidence of tax in the hands of A, B, C and D.

Experts,

One of our client is Sales Tax officer.
In his 26AS 'Status of Booking' 'P' is showing for A.Y. 2011-12.
As per 143(1) also he was not given TDS credit.
Now he received notice from department demanding tax with interest.
He has also recd. Form 16A from gov. show payment of TDS.

I am having loss from future & options transactions during FY 2012-13 AY 2013-14. Will audit of books be compulsory to carry forward loss , even though my turnover is less than 10 lakhs