can we setoff the short term capital (mutual fund ) for current year business profit . please sugest relating Section .

Incorporating a company as Foreign Wholly owned Subsidiary and a Limited company Advantages and Dis - Advantages??

An assessee neither declared rent income (chargeable under income from house property) nor claimed credit for the TDS on such rent income in his ROI.

1) On what amount would the “tax sought to be evaded” calculated for purpose of section 271(1)(c) of the I. T. Act?
a) Gross rent received
or
b) Income chargeable under the head income from house property i.e. gross rent less deduction u/s 24(a).

2) Would the TDS on such rent income (for which no credit was claimed in ROI) be reduced from the tax on rent income to arrive at the “tax sought to be evaded” for purpose of section 271(1)(c) of the I. T. Act?

Thnks & Regards
Niki

Does “tax sought to be evaded” for the purpose of section 271(1)(c) of the I. T. Act include surcharge and education cess?

Thnks & Regards
Niki

In case there is a mistake in calculating the amount of penalty, can the order u/s 271(1)(c) of the I. T. Act be rectified u/s 154 of the I. T. Act?

Thnks & Regards
Niki

A firm is registered under Karnataka VAT Act dealing with polished granite tiles, Now they want to export their product to Nepal. What procedure is to be followed;

1) What documents should be accompanied while transporting the same?

2) Whether export licence is necessary for such transcation?

3) What documents(viz H-Form, Bill of Lading etc) should be procured to declare it as an export?

4) Whether the same can be sold at local rate of tax @ 12.5%

Please help me out. Thanx in advance..

Dear All,

I have doubt in mind that existing Pratmentship firm need to convert to new LLP act ?

Hi,
I had registered for PE II and had exhausted my 5 attempts in 2007 may. Can any1 tel me if i have to reregister shal i directly enrol for PCC as per the transition scheme or i have to clear CPT also. Also clarify if PCC is different from IPCC and if either PCC or IPCC can be chosen at our option? what is the procedure to enrol for PCC/IPCC? When can i appear for exams from the date of registration? Is there any time limit within which the PCC/IPCC to be completed? Pls help me.........

I wanted 2 knw how 2 write case laws in exam....i.e r only d names of d parties involved enuf..or r v supposed 2 write d year,court,state,etc..

for CS Executive..n CA Final exams ...

eg : CIT vs. Bangalore Club (2006) 287 ITR 263 (Kar.).

den just CIT vs. Bangalore Club is enough..or d whole citation is 2 b written...

n wat bout d sections ??

all d sections in all d ques r 2 b written ??

pls reply ..thanks a lot..

Dear Sir/Madam,
I am an articled student, who will appear for the CA Final in 2012. My problem is that I will be 26( almost 27 years of age) when I take the Finals.
Will this age factor affect my chances in placements? If yes, what can I do to increase my chances in getting recruited by a good company, like the Big Four Firm? I am confident of passing the finals in the very first attempt.
I will be indebted to you, if you could advise me regarding this topic.

Yours faithfully,
HKS.