Dear expert,

Individuals (Directors) have 49% of shares in AB pvt company and rest of the shares are held by XYZ pvt co.

Both have transferred the shares to purchasers at long terms profits. ( thus Management controlled also transferred)

Please advice tax implications / exemptions available for both - individuals & AB pvt co. With legal backing.

Please guide me how to study for direct taxes for good marks???

I am Interested to clear my few Queries about becoming Certified Lawyer.

*Weather an holder of 3 year Bachelor Degree of law from Correspondence is Eligible.
*What is the maximum age to enrollment in Bachelor Degree of Law ( Is it 29 Yr as per Bar Association).

Kindly Support

I left my job in May 2013. And I did not work after that. I had Around 3 Lac rupees in my bank account which was converted into MOD account by bank with interest rate around 9%. I checked my Form 26AS, in that form, total interest accumulated was around Rs30,000 but interest credited by bank to my account was around Rs27,000. Rs3,000 were deducted as TDS 194A by Bank. Since I did not work after May 2013 so my total earnings for FY2013-14 is Rs30,000(in the form of interest only) which is not taxable. But still Rs3000 is deducted by Bank. Should I claim this Money back through ITR. Please Guide me.

what will be the tax liabilty to individuals in a case when the property of assessee which is on his name and same is sold by his 4 children nd the amount is distributed among themselves??? the property was sold after the death of assessee and the same is also not divided or transferes among his children...

Do you think I should pursue CA directly after 12th or should I complete b.com (h) from du(hindu/hansraj), complete ipcc side by side and then do CA. It will take 2 years extra in the latter. what say? crucial decision..please help Thnx

Dear Sir's and friends,

One of my client has a Self Occupied House Property for which he pays loan to a bank, in this situation he can claim his interest upto 1,50,000/-, he has bought a second flat and even for this flat he pays loan, my question is can he can claim total interest 2 lacs u/s 24B for this flat which is also on rent. Please help and solve my query as per the earliest.

how do I prepare for ipcc Nov 14 ..I have 4 months in hand.. July Aug Sept Oct

AAA is Properitory construction firm, he deducts tds for sublet work given to other,
& deposit it on his TAN No. but after six month of the financial year he open partnership firm (Name-CCC), he sublet the work in partnership firm & deducted and paid tds in properitory concerns TAN no & alos upload all tds returns too, in june'14 he realise that he had done a mistake (work subleted in CCC-firm & TDS Deducted in AAA ) he decided to take new TAN ,
now what he can do
1) can he change the old challan of AAA in CCC's TAN No. & What will be the procedure
2)can he sublet another work to AAA in CCC & deposit TDS in CCC's TAN
3)or pls suggest any other accounting treatement
my problem is AAA having Too much loss & CCC in Too much profit. i can't do both
both firms are in audit

Hi all
I have a query in relation to section 181 of the Companies Act 2013. Suppose a company had made a contribution to a charitable fund covered under section 181 of Co Act 2013, the amount of which was within the limit of 5% past three years average profit.Consequently, no prior approval was required in the general meeting. Now the company wishes to make additional contribution, the amount of contribution made earlier plus amount of contribution proposed to be made exceeds the limit of 5% past three years average profit.
Does the company need to ratify the former contribution made and take approval for the proposed contribution in the General Meeting?