Hi Friends,
I am a CA Final Student.
My query is -

Where a company distributes any asset being "Capital Asset" in course of reduction of capital, such distribution is taxed u/s 2(22)(d) in hands of company. Company is also liable to capital gains as it has transfered a "Capital Asset", in addition to CDT.

How to compute the "Sale Consideration" received by company which would be used to calculate the capital gains in hands of company?

Waiting for reply....
Thanks in advance...

respected sir,
we are partnership firm and doing trading of building material such as cement, bricks etc. my question is that for f.y 2012-2013our total turn over worth rs 89,00,000 and net profit is 26500 rs, shall we liable for audit or not and if liable then under incometax section.

IF INCOME SALARY EXCEEDS 10 LAKHS IS THAT IT RETUNR FILLED THROUGH AUDITOR

Dear Experts,

Please let me if i want to convert myself in Direct Entry Scheme from IPCC then it is necessary to give articleship details and filled from with it.

Sir, please help me with the applicability of excise duty on sales against form H.
Thank you in advance.

My mom has exempt income >5000 due to which she needs to file ITR 2,but she is a non salaried person and have never been in service. ITR2 makes it manadatory to fill the employer details. What is the alternative/correct way?

Also my Dad is a pensioner from State Govt
Should he write the employer details?

Regards
Gagan

Dear All,

I have purchased a property for Rs. 2 lacs while its market value or stamp duty value is 12 lacs (u/s 50C). So kindly tell the capital gain liability if we will sell this in future.

Should capital gain thereon would be calculated by taking consideration 2 lacs or 12 lacs?

Thanking you.

Hellow sir my friend is salaried person and his current years salary income is above five lacks. From his salary he has purchased shares and also invested certain amount in mutual fund during last two years but not shown in ITR. During this year he has sold shares and mutual fund he suffered loss in it. Whether loss suffered is necessory to show in ITR? Then which ITR he has to file? Can he file ITR 1 today? Can he revise after due date? and file another ITR? Or Can he file return after due date.....

Hellow sir my friend is salaried person and his current years salary income is above five lacks. From his salary he has purchased shares and also invested certain amount in mutual fund during last two years but not shown in ITR. During this year he has sold shares and mutual fund he suffered loss in it. Whether loss suffered is necessory to show in ITR? Then which ITR he has to file? Can he file ITR 1 today? Can he revise after due date? and file another ITR? Or Can he file return after due date.....

Is society formed under Rajasthan society act is liable for tax audit ?

Its total income is above exemption limit and it is not register under sec 12A/AA and approval is also not obtain under section 35 and 80G ?

Its formed by farmers to get accurate compensation from govt for land acquire by govt. for building dam and also to preserve the forest?

In which ITR it is to be filed ITR 5 or 7 ???