Partnership firm can claim deducation of principal Repayment of loan against purchased property, if yes under which section.

Dear Experts,on of my client claimed the long term capital loss based on the Fair Market Value of the property as on 01.04.1981, taken as Rs.19 lacs,(before indexation) but the AO rejecting the valuation report submitted by the assesse, adopted the FMV of the property as on 01.04.1981 as Rs.330000/-(before indexation). Thereby there is a tax demand of Rs.30lacs,

I request the experts to highlight any case in favour of the assesee to file the appeal.

A company has raised 'Advance against Share Capital'. What is the correct treatment of this account for the purpose of calculating earnings per share.

Please give some reasons for the answer.

Filed my return online for 2011-12 fy and applied for refund of excess tds deducted by my employer by erroronously nt incorporating the hra exemption in my form 16.

When i finally applied for refund for excess tax deducted to that effect...to my surprise a demand order has been issued for the amount of tax that i showed in my itrv and they ignored the tds already reducted. Form 26 a is showing the tds receipt of the deducted amount....

Pls suggest how to go about this...

We have currently exchanged commercial units to our nearest neighbor for the our conveyance of our existing office. We have possessed Gala no 8 & 10. We have exchanged Gala no 10 and got exchanged & how having Gala no 9. So now it is easy for our conveyance to access Gala no.9.with 8 Is this transaction called transfer u/s 2(47) of Income tax Act 1961.

Hi
my query is:
a dealer Q from haryana want to purchase 200 tonnes of tea from a seller ,say P, in assam. goods will be delivered by 10 to 12 trucks each billed on different dates (means delivery would be in parts). P will raise a bill (for each truck) as Q as consignee. transport will make delivery challan/bilty in which Q will be consignee. After receiving a truck Q will sale the truck to another consumer/dealer in haryna say R,S,T.
P will charge 5%CST on Q.
1:) will further sale by Q will be exempted from tax?
2:) P will issue E1 for every truck?
3:) Q will issue E2 fro every truck?
4:) P will issue E1 after or bbefore receiving form 'C' from Q?

Dear friends,

any body help me for filing new ST3 return?
we are only serivice receiver and how to put values and taxes under ACES file?

for works contract service how to put tax percentage?

thanks
karthik

Hi I have applied for may 13 IPCE Exams but unfortunately have forgot the pin for login . Can any one tell me what to do now? I am very worried as admission card are available online and m ain't able to login. Will appreciate the help.

My wife is a salaried person and having LIC policies in her name. Can I claim deduction under 80-C under my incomeif the LIC premium paid by cash. Remember she is a salaried woman and I want to claim deduction from LIC policies in her name as she has crossed the maximum limit of 80-C Rs.100000/-. Please reply.

Dear Sir,

as per new amendment,
Only a CA with 3 years of audit experiance of society audit can audit a Society.

Is this amendment also aplicable for Audit of Housing Society.

I have just started my CA practice,
so this means I will not be eligible for Housing Society Audit.

Sir Please Guide me, as I have been aproched by a housing society for audit.