Dear sir,
My father is senior Citizen(70yrs)& pensioner and total
annual income is approx. 180000/Rs.By seeing form 26AS on net,it was found that Sbbj bank has deducted TDS Rs.15197@20% (interest paid Rs.75979)on maturity of FD
in FY-2010-11 while form 15H was submitted in bank every year.so we were assured there will no TDS by giving 15H.Bank never gives acknowledgement of 15H.
I request you that pl. advice me for refund.
Thanks.

A private limited has a building having W.D.V. as on 31.03.2012 Rs 50 crore. on 30.06.2012 it has received earnest money(bayana) of Rs.20 crore against sale of building. However due to non payment of balance amount of sale consideration, company on 01.11.2012 forfeited the earnest money. Now how should be dealt this forfeiture in books of accounts for income tax purpose:
a) Whether it will reduce the w.d.v of building by Rs.20 crore and depreciation as per income tax would be taken on Rs.30 Crore.
b) Further whether depreciation would be taken at 50% of depreciation rate or 100% of rate because forfeiture is happened on 01.11.2012 beyond 180 days.

Please treat it urgent

Dear Sir

i have taken insurance policy for stock for the purpose of CC A/c. may claim tax credit on insurance premium and also i paid premium for car which is fixed assets of my company may i claim credit on paid premium

Hi,

Is an in house BPO eligible to claim refund for the input service tax it has paid. If yes, can anyone guide the process.

The services are rendered partially to indian entity and mainly to outside of India.

We are paying Interest in foreing currency to Foreign Bank which has PE in India. Pl inform, weather TDS u/s 195 is applicable or not. (eg. Citibank, ABN Amro Bank etc.)

Dear sir,
I am a A/c holder of NRE a/c in india and made a FD and earn Interest. whether it taxable in india.

plz tell me what i do.

Dear sir,

We not filed return from 2yers of service tax return . Now we want to be file 2nd qtr of 2012-13 . If there is any possiblilty of any notice from department or not.

Would we file return ?????
Please reply fast because 30th april is last date.....

Respected, please suggest me for cs executive (company law module-I) reference book of best author.

Respected Sir,

There is one company A Ltd. having authorized and subscribed share capital of Rs. 1,00,000/- and another one proprietory firm of Mr. B. Mr. B is one of the director cum shareholder of A Ltd. also. Both are in same line of business of Clearing and forwarding.

Now sir, A Ltd. wants to take over the business of properitory firm of Mr. B. than My questions are :

1. I want to know what is the legal procedure and compliance under the income tax act and any other law ?

2. At what price the A Ltd. can purchase the assets of properitory firm of B means how the valuation of B's assets can be done and How the purchase consideration be calculated and discharged?

3. What is the position for Capital gain for Mr. B and how it can be calculated?

4. Is there any demerits for any of above?

5. How much Expenses are incurred for this procedure?

I hereby attached the balance sheet of properitoy firm for the reference.

The Abstract of Balance sheet of B is as under:

Capital : 2662790
sec. loan: 33868
curr. liability: 3133348
Fix asset : 325208
Curr. Asset: 5504798

Respected Experts, Kindly Reply soon it is important for me.

my email Id : cahirenjm@gmail.com or anjnakhant@gmail.com

I have inherited the agriculture land from my forefathers. The said land was used for agriculture purpose for many years.After few years it was converted into NA and sold.
Whether the profit will be a Business Profit or a Capital Gain ?
I have invested the profit (Capital Gain ) in the Residential Property within the time limit. Whether I will get the benefit of Exemption?