I have recieved a property in gift from my father in 12-13 worth Rs.10000.I sold the property in 12-13 for Rs.250000.In the same year i purchased a peoperty for Rs.400000.
Now what are the amounts to be debited and credited to my capital acount.

whether Pre-operating expenses of business is allowable as deduction or not? In Profit & loss no Income reflected only expenditure are there...

From this year we have to send online Tax audit report and scan copy of balance sheet.
Can anyone explain me what other information is to be submitted with these.

hello
please suggest me a good book of only ethics and communication of CA IPCC.

thank you

Hiii,

I want to file income tax return for AY 11-12. Whether it is possible? what is the last date on which I can file my income tax return.

I Have not filed IT Return for 31.03.2010 & 31.03.2011 due to some unavoidable circumstances. Although TCS has been deducted for both the years. Now, IT Office has sent me a notice for explanations for the same. Please advise me as what should I do now ? Is there any possibility for filing IT Return now ?

I wanted to know in articleship suppose we take 15 days extra leave than granted i.e. aextra than 1/6 of days worked than for how many extra days we will have to do articleship?

Sir sir I am not able to decide whether to use group 1 or group 1 and 2 together. I want to know the advantages and limitations of different choice I greatly need your views

Dear Sir,
We issue form 16 to our salaried employees from whom we deduct tax ,this year Traces is doing itfrom our form 24 Q submitted.
But what about employees who dont have Taxable income or any tax liability ,they still require a Salary Certificate for Loan or various other purposes !
what to be done for them,ISSUe a certificate on our own or what and i heard of late Income TAx certificate is only showing TAx amount and salary figure is not being shown!!!!
Please advice.

Requure DIN nmber logic.

We have PAN Logic as below on same way we require DIN Logic.

A typical PAN is AFZPK7190K.
First three characters i.e. “AFZ” in the above PAN are alphabetic series running from
AAA to ZZZ
Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN
holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H”
stands for HUF, “A” stands for AOP, “T” stands for TRUST etc.
Fifth character i.e. “K” in the above PAN represents first character of the PAN
holder’s last name/surname.
Next four characters i.e. “7190” in the above PAN are sequential number running
from 0001 to 9999.
Last character i.e. “K” in the above PAN is an alphabetic check digit.