Dear experts,

to determine the market value as on 1.4.1981 do we need to consider even stamp duty and registration charges paid as per the sub registrar documents. or just take the consideration paid and area.

can any one please calrify this to get the additional benefit of registraiton cost.

any case law on this if any.

I filed my return online and forgot to claim pre construction housing loan interest for Ay 13-14. I claimed it in Ay 12-13. I am having salary income & total tax paid. Should I revise the return & claim refund for Ay13-14?

Hello Everyone,

Machinery purchased for Rs. 3 lacs. Depreciation 12 percent on WDV method?What would be the journal entry for depreciation.

Labour charges incurred Rs.10,000 which is paid to Mr.singh the contractor.what will be the journal entry for the transaction and the TDS amount and the section?

Hi,

TDS on pruchase of immovable property has been introduced w.e.f June 2013. My question is if purchase agreement has been executed in July 2009 and the payments are made with progress of construction work will the purchaser be liable to deduct TDS?? If yes on what amount, only the amounts paid after June 2013 or on the entire amount paid since July 2009??

Hi,
TDS on purchase of immovable property was introduced w.e.f 01/06/2013. My question is if the agreement for purchase is executed in July 2009 and the payments are slabwise to the builder will the purchaser be liable to deduct TDS because the payments are still being made post June 2013 ??? If yes on what amount ?? only the amounts paid after June 2013 or on the amounts paid since July 2009 ???

A Company has received 2 bills of repairing from same party for Rs. 7000/- each in month of April & May so TDS not deducted as no limit cross for U/s 94C. But in June received repairing bill for Rs. 75000/- from that party so Now TDS has been attracted u/s 94 C as limit of deduction has crossed. Now company has deducted & deposited TDS of Rs. 1780/- on 89000/- (7000+7000+75000) in July.

whether this payment will attract interest liability on delay payment of TDS on Rs. 7000/- for April & TDS on Rs. 7000/- for May as TDS for April & May have deposited in July when amount limit crossed in June. Plz suggest........

I am working in a publishing house and our company purchased some CD's from another company and we received a tax invoice against purchase of CD's. Can we claim input tax credit or not. If purchasing of CD's is expenses than what is the head of this expense.

if a assessee sells his land then what percentage of amount is charged

Hello ca club family

PLEASE CLARIFY THE BELOW:

1.i heard that for the financial year 2011- 12,we can file the income tax returns manually for the individuals who have income less than 10Lacs.if the income is more than 10Lac then how could we file the income tax returns.

2.for the F.y. 2012-13 & 2013-14,if an individual have income more than 5Lacs then the income tax return should be filed electronically.in case someone cant get their password how they could file their returns.