We are three sisters and have a land which was gifted by our father in the year 1960 . And now we have formed a partnership firm to developed a building construction for commercial purpose. Now Questions are :

1) Is it needed to make valuation of the said land ?

2 ) If answer of 1 is yes, then what method should apply to make proper valuation of said land and it should be acceptable to I.T Authority??

3) and it is needed to pay capital gain tax when we are transferring the land to our farm as share of capital ??

Dear Distingwished Experts,

Please enlight my knowledge about the followings:

1. Our coperate House has financed a car from Kotak Mahindra Bank (Kotak Mahindra Prime Ltd).

We want to know, wheather the interst portion paid in each installment; is liable to TDS under Income Tax Act? If yeas @ what rate? If no then under which provisons , this TDS liability is exempted?

Do help me out.

Thanks & Regards
Siddharth

if one financial institute finance company on 20 oct 2012 the what is the last date to file
form no 8 Sir I think as per calculation 19 Dec 2012 is last to file with penalty
ie 20 th oct 2012 + 60 days
please reply

how to calculate book profits

Dear Friends,
i'm naveen . . i am doing my articleship in a leading auditors firm. i know some formulas in excel. But i'm not satisifed with that. I would like to learn more formulas in excel. If anyone knows, pls tell me,if it anything it will be useful for me . . . or you can send my mail-id: naveen_ca93@yahoo.com

I have query regarding the special words using in the Act for defination, I want to know the meaning of following

"Grammatical Variations and cognate expressions"

Thanks in Advance

Kindly advise me the treatment of service tax received / receivable in excess of our liability in books of account becoz of claiming property tax deduction (in huge amount) against gross rent received.

DEAR EXPERTS,

HOW TO FORM A NIDHI COMPANY

PLS TELL ABOUT THE ENTIRE PROCESS..

THANKS & RGDS,

Sir,
For claiming exemption in respect of rent paid Is it compulsory that assesse has to live in that rented house. can he claim that exemption if he lives at the place of his employment on weekdays and rejoin with family at rented house only on weekends.

Dear Experts,

A person has his income as 10% of the gross turnover i.e. he is not in the ambit of sec 44AD. He also has service tax not paid in the year. Will this service tax not paid be disallowed u/s 43B?