FOR A.Y.2013-14 WHERE THE ASSESSEE IS UNDER TAX AUDIT, CAN FILE HIS RETURN OF INCOME BEFORE FILING HIS TAX AUDIT IN ELECTRONIC FORM.WHICH IS COMPULSORY MADE BY CBDT.

Hi,

Someone may please see the following and reply :


Query1

Whether a Salaried Individual can claim as ALLOWABLE DEDUCTION, the amount paid in respect of PROJECT MANAGEMENT COURSE.

Ans : .....................


Query2

What is the higher limit available for SELF-OCCUPIED HOUSE PROPERTY?

Ans : .....................


Query3

Can a Salaried Individual claim as Allowable Deduction - the Registration Cost, Stamp Duty paid, etc. for house purchase?

Ans : .....................


Query4

I may request for more specific ALLOWABLE INCOME TAX DEDUCTIONS AVAILABLE FOR SALARIED INDIVIDUAL.

Ans : .....................


I would be grateful, if I am able to get any circular / notification / URL for my reference and better understanding.

Thanks in advance for replies.

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.