whether maximum outstanding amount in loan account includes interest where such interest provided and paid on 31.03.2014.
EX.
Opening loan : 100000
Additions : Nil
Add:interest31.03.14: 10000
less: paid int. on 31.3.14: (10000)

Now let me know what is the max. outstanding amount at any time during the prev. year.

I have sold 2 properties in the same financial year, and hence capital gain from both the properties(Say 50 Lacs & 70 Lacs) . So can I buy one residential house of Rs.1.2 Crores to save capital gain on both the properties.

i have paid Rs 49081 through TDS before 31/3/2014
there was a fixed deposit in bank
bank has deducted 10% as TDS
but my slab is 20% as income is above 5 lacs.
that means i have to pay another 10 % (Rs 4858)on bank's interest of FD.
pls guide how much interest on income tax i have to pay for this unpaid tax today ie 30/9/2014

Sir plz tell that Form INC 21 is required to be filed for pvt ltd company.??

In case of filing of return,name of assesse was written as "manek" instead of "maneck". so is it need to file revised retun?

Registration Charges and Insurance Charges on date of Purchase of a Vehicle includes in the Cost of that Vehicle or not. anyone clarify my doubt.

when will hall tickit come for pcc nov 14

Dear All

What is the basis of deciding the state to which the VAT Payment belongs to in case of Sale of second hand cars - Is it Vehicle Registration No of the Car or any other reason ?

Will the answer be different if the Car is a third Sale where it was purchased in one State Say Karnataka - Sold in another State (Road Tax paid but Registration No not changed )Tamil Nadu and then again sold in another State Gujarat -

Your views will be highly appreciated if quoted with relevant sections or circulars in this regard

removal of the auditors can be done without the approval of the central government after the completion of financial annual year by the auditor


importance of the consent of the auditor
consequences if the consent were not received by the auditor as he was absent in the AGM. and will it be assumed that the auditor has been rejected the appointment of being auditor for next day.

what steps can be taken if auditor not giving consent and consequences for being abcent in AGM

Assessee has recently cofounded a venture with 2 other partners in US. He has been drawing some monthly remuneration from the venture (as payments to external consultant), in return for research & strategic consulting services. How is the assessee required to account this income for tax purposes?

Also, if this requires the assessee to file taxes as a freelance professional, is he required to prepare books of account? or can it still be done as a normal income?

And if its required to maintain books, can the assessee still take benefit of tax slabs, home loan and education loan etc rebates like he did in his previous years' returns as a salaried employee?