Dear CAClubindia
instead of applying MAT, can I go for 44AD, its a pvt ltd. co. trading in India. Is MAT applicable to Indian co's ? is MAT applicable to Partnership / propriertorship Firm ?? when is MAT applicable?????????
thnx

Dear Sir,
Suppose an assessee receives cash gift from his relative and also receives a covering letter mentioning doner name, address and PAN no and the amount of gift. Whether it is sufficient to prove gift or not ?

1) Is money received from maternal grand father is exempt from tax or taxable u/s 56(2)(vii) ?. Please solve my problem.

2) Is step father or step children is covered under relative in IT act-1961?

Thanking you

Ashutosh kumar Jha
9534140352

Dear Sir,
As the payment of principal amount of home loan upto 1 lac is covered u/s 80c. Whether the payment of interest amount thereon u/s 24 also comes within chapter 6A.

Dear Sir,
Suppose tds return is filed after 2 months of due date. In the above case 200/- per day penalty is mandatory
or
if the deductor has reasonable cause for late filing then it can be avoided by the department.

Sir,
If there is any change of Service tax payment code from 00441089 to any New code under that ST should be paid??
Thanks

i got gift from jewllery shop on lucky drow
gift is worth rs.25000, as per there claim,
gift was given to me, after one month they are call for income tax 30% on gift which they give me what should i do

company incurs loss in fin.11-12 of rs.10 lacs.

as on 31.3.2012, 50% each by mr. and mrs. x.

if on 25.3.2013, and mr.x transfers to mrs. x 30% of his shares, thus shareholding becomes mr.x 30%, mrs. x holds 70%.


Can section 79 is satisfied to set off old loss of rs.10 lacs

my view--> yes, as in totality, 51% of old shareholding still continues as on 31.3.2013.

regards, ca kunjan, www.canaresh.com , 9820750784

Dear Sir,
In case of one of my client, there is tds deduction of Rs. 180000/- from one deductor. And there are about 30 entries of deduction in his form 26AS, out of which there are 2 entries whose status of booking is "U" and the deduction amount is about only Rs. 5000/-. I ask my client to rectify these entries by his deductor. Then Assessee contacted to the CA of deductor, but deductor's CA is not much willing to rectify that Unmatched entries.

Now please advise me what is the practical soulution of the problem. In last year I have seen in my many cases, cpc has made the whole tds credit to zero where even a single entry was unmatched. I dont want repitation of same in above case.

Dear Sir,
one of my client has obtained service tax registration in the last week of March 2013.
And I want of file his nil return for that one week period. Whether it is posible yet or not.