Here A Joint Venture(An AOP ) distributed share of profit to one of its co venturer without tax provisioning & the tax liability on the above share of profit before tax borne by the venturer.

Whether the above arrangement absolve the liability of the Joint Venture(An AOP ) under SEC-4 Of IT ACT ,1961 since tax has been paid by the constituent member of AOP i.e One of the Joint Venturer.

In case Joint Venture is liable under SEc -4 to pay tax on above pre tax share of profit then whether the Venturer who has already paid tax on such pre tax profit gets TAX Refund.

Dear Sir,
Particulars of an assessee are as follows who is partner in a firm -

1. Interest on capital - 15000/-
2. Salary from firm - 250000/-
3. Share if profit - 22000/-


While filing ITR 3, whether the above assessee is liable to maintain a/c in itr 3 or not .

I registered for IPCC in Jan.2010
Wt s the validity of ny regist.
can I write IPCC xam in May2014
If not shld I have 2 pay Revalidation fee

Hello Everyone,

Please any suggest me detailed procedure for CHANGE IN ADDRESS OF PRIVATE LIMITED COMPANY WITHIN LOCAL LIMITS. Also plz suggest me any fees to be paid or not? Also how to upload any form if required?

PLZ PLZ reply URGENTLY

good evening to all experts,
our manufacturing unit is situated in uttarakhand.our head office situated in delhi. then sir some purchase of raw material by my head office. then sir i just want to only that can my head office take benefit of cenvat .

Private limited company availed SSI exemption under notification 8/2003 going to submit its first SSI return. The turnover of Apr-June 2013 is 4.5 lacs.
1) Is it required to submit ER 3 with Excise department?
2) If yes, is it filled nil or in what manner?

Dear all,
I want to know whether it is possible to convert from proprietorship concern to a society.
If yes, what is the procedure?

One of my Client is a Partnership Firm with the nature of business as :

"Aquiring, Purchasing, Building, Constructing, Erecting, Maintaining, Letting Out, Leasing, Renting, Selling, Conveying and similar thereof Flats, HOuses, Buildings, Townships, Commercial Complexes, Malls, Multiplexes, Shops, Godowns, Building material suppliers &/or such other business or businesses ...".

In this case my client has purchased only one shop in F.Y. 2010-11. The client has rented this property in F.Y. 2012-13. This is the only income of the client. The partners have introduced certain capital to acquire this shop.

It is provided in PF Deed to allow interest on Partner's Capital not exceeding @12% p.a. Also it is provided to pay remuneration as per IT Act, 1961 in PSR (1:1).

Now, the rental income should be treated as income from house property or income from business or profession considering the above facts.

If it is treated as income from house property then what about claiming expenses of interest on partners' capital & remuneration to working partners. Also what will be the treatment of nature of asset (Long term or Short term Capital Asset or Stock-in-trade) considering the above facts.

If it is treated as income from business or profession then what will be the treatment of nature of asset (Long term or Short term Capital Asset or Stock-in-trade) considering the above facts.

Please solve this issue with supporting case laws.

Can ABC & Co. of Delhi make local sales against FORM H to exporter(XYZ & Co.) of Delhi?
If yes then how will seller(ABC & Co.)fill the sale figure in annexure 2A &
How will XYZ & Co. fill purchase figure in annexure 2A. PLZ TREAT IT URGENT.

Hello,

I received an intimation from CPC stating that I need to pay Rs 9500 as tax payable for AY 2009-10. I got the U/S 143(1) form in which the "Income from salary computed under section 143(1")is mismatched from the "As provided by tax payer in return" by almost 50000 and deduction under chapter V1A are also mismatching. I called up CPC they told to file a rectification request. I dont have any income other than salary. Also the form 26AS for 2009 also shows that the deductor(Wipro) has payed Re 6500 as tax.

Now how should I proceed with this?.
What option should I select for rectification request type

Any help would be greatly appreciated

Regards,
Sree