Date of Purchase/ registration made 28/10/2005,

Possession get march 2008

Sale Date 20/11/2008

what is implication of date of possession in calculating Capital gain.

Thanks in Advance.

Thanks & Regards,
Mahendra.

Sir ,

Can any body advise that as to what % of total paid up capital a company can allot shares to its NRI Share Applicants .


With regards


Sandeep


Sir in this case the company is a Private Limited company having present paid up capital Rs 5 Lacs only but having NRI Share applicants . Companies principal business is in food catering

LIC premium deposit for the month of March'08 on 1st April'08. Can any individual claim this amount under sec 80C for the F.Y. 07-08?

If a firm is started from 1.4.2007 but deed is executed on 25.3.2008 then what is impact on the firm in regard to allowability of Interest and Remuneration ( Sec 184 and 185 of the Income Tax Act)

If a firm is started from 1.4.2007 but deed is executed on 25.3.2008 then what is impact on the firm in regard to allowability of Interest and Remuneration ( Sec 184 and 185 of the Income Tax Act)

my wife is in house hold besiness and earn more than above income tax limit.she has no proof of goods purchase and sales but she want to file her return and want to pay incometax.my vakil advice not to file
return as this will attract it officer to penalies you.please advice me

As Per Section 139(4)& (5) Belated Return and Revised Return can be filed latest by end of one year from the Relevant AY but if one has not filed the Return within this period than can he file Return beyond this date if yes under which section

I am preparing for Interview, Post- Manager Retail. Do you have any materil/short notes/questions, which can help me in the preparation. If yes, Please send me. It's urgent.

Thanks
Deepali

Dear Sir,

Please let me know what books to refer for the following subjects:
1.Accounting
2.Law, Ethics and Communication
3.Cost Accounting and Financial Management
4.Taxation
5.Advanced accounting
6. Auditing and assurance
7. Information Technology and strategic management

Thanking You,
Nicole Coutinho

Hello all,
As per my reading of the sec. 154 i have understood that it is open for the AO to rectify any mistakes if it relates on the judments given by SC in any case even if such judment is passed after the completion of assessment by AO.Pls let me know whether my understabding of the concept is correct and pls correct me if i am wrong.