CA. GIRISH DEVALIYA
11 July 2013 at 22:51

Tds

WHETHER A TAX-AUDITABLE INDIVIDUAL IS REQUIRED TO MAKE TDS ON INTEREST PAID BY HIM (BY WAY OF EMI'S)TO AN NBFC TOWARDS REPAYMENT OF LOAN TAKEN ?



Anonymous
11 July 2013 at 22:43

Xyz

Hiii

We are three partners wish to start a pharmacy wholesale firm in Pune ,I want to ask about partnership deed making procedure,documents required ,fees for it ,and its validity..and from where it can be made..


MANISH ANAND
11 July 2013 at 22:43

Give suggetion to my query

hello sir i m manish anand. sir i m pursuing ipcc course from direct entry scheme. sir i have to do coaching classes along with article-ship.sir please give some better suggestion that how could i manage my time for studies along with these work. i am very confused please help me.


Jignesh Desai

Although it is understandable that Long Term Loss on Shares where STT has been paid is normally not carried forward because Long Term Capital Gains on such Shares is exempt u/s 10(38) . However , I have a thought . In the remote event that in the future , the Government re-introduces Long Term Capital Gain on Shares liable to STT ,in that case , if current Long Term Losses on such Shares had been carried forward , then , these Losses would be able to be set-off against any Capital Gains which may be made on such Shares in such future years (Where capital Gains on such Shares has been re-introduced) .

Is it true that absolutely no C.A. Software will allow carrying Forward of Losses on such Shares ? Is it possible to Carry Forward Loss on such Shares ?


Bhagwat Dayal
11 July 2013 at 22:38

Security forfeited on rent

I forfeited Rent Security deposit for Rs. 100000/- becuase property vacant before the date of contract date.

Question:- Should income taxable in income under house property and i can claim standard deduction

Please provide the section under which i can calculate tax. provide any case laws also

Tel 9999114755
bhaagwat@gmail.com


Jignesh Desai

An assessee has Long Term Capital Loss of Rs. 6492 on Debt-Oriented Mutual Fund (Long Term Capital Gain on Debt-Oriented Mutual Funds is taxable @ 10 % without Indexation or 20% with Indexation . whichever is better for Assessee) . However , after applying Cost Inflation Index to Purchase Price & then calculating the Long Term Capital Loss , the loss is working out to Rs. 1,15,775 . There is no Taxable Long Term Cap. Gain in same year so this loss needs to be carried forward . Should the Long Term Loss be carried forward as Rs. 6492 or Rs. 1,15,775 ?


Jignesh Desai
11 July 2013 at 22:17

Waiver of interest u/s 234 b & c

One Assessee has Tax to be paid of Rs. 10912 & TDS paid is 6671 . Will Interest have to be calculated u/s 234 b & c ?

When can interest u/s 234 a,b & c be waived off or reduced ?


karan
11 July 2013 at 22:06

Luxury tax

Luxury Tax Charged On inclusive of service tax ?


SATYENDRA KR. GUPTA

Dear Freinds,

Case-If a doctor earned Gross receipt from his profession Rs.10,50,000/- during the F.Y.2011-12 and he is also deal in F& O market, Total sale Rs.10 Lakhs & Total Purchase is Rs.12.50 Lakhs net loss is Rs.2.50 Lakhs .
With the above facts please tell me what is the total receipt in the hand of doctor for the the purpose of tax audit.?
It is necessary to tax audit for the F.Y.2011-12? Please suggest with reference to any case law/ decision /circular from competent authority/ Court.

Thanks
Satyendra Gupta


B N Mani
11 July 2013 at 21:31

Online filing

How can I file the IT return if I have no form 16. I have worked last year in different organisations which are not having any system of giving form 16. So can I file the IT return without form 16 ?





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