One of my client is proprietor and is running business whose turnover is less than 10 lacs and is having two residential houses. One of the house property is vacant and one is self occupied. So, the annual value of self occupied property is Nil and the other is Annual letting Value or Actual rent receivable during the year which ever is higher.

Now, in books of accounts, any notional income from house property has to be shown in his profit and loss account?

Hi,

I need to transfer shares from one director to another director of a public limited company. Can anyone guide as to

1. Is Form 7B the right form to execute share transfer deed?

2. Regarding stamping of transfer deed, can we get the form 7B printed and affix share transfer stamp on same?

3. Where can we get share transfer stamps in Delhi or in Haryana?

Regards

What is the procedure for converting proprietorship to private limited company?

Suppose I sold a land for say Rs 50 lakhs in FY 2012-13 & want to invest u/s 54F. I already have another plot on which i wish to construct house to claim exemption under this section. The said plot on which i wish to construct house is purchased in 2000-01. Can i claim exemption only for construction cost as i already have a plot of land? I think i can but i want confirmation. I will be glad if any one can give answer with reference of case law.

Current Year

Loss from House property- Rs. 50,000/-
Income from capital gain- Rs. 40,000/-

Previous year loss-

Loss from sale of capital asset- Rs.20,000/-

Solution= Loss from House Property of Rs. 40,000/- will be set off against income from capital gain.

Loss from sale of capital asset of Rs. 20,000/- will be carried forward

Loss from House property of Rs. 10,000/- will be carried forward.

Please guide me- the above solution is correct.

dear sir we have paid challan of Rs. 3600/- as per notice of late filing fee U/s 234E
it is necessary to rectify through revised e-tds return or letter submitting along with challan to TDS CPC, Aaykar Bhawan, Sector -3 Ghaziabad UP ? please suggest me.

Can you please provide the link where it is clarified that Extension can be served under other principal?
as i need to show it to my principle...

Dear sir,

cash paid to an employee who belongs to other branch,for that branch expenses, but he submitted all expenses regarding that amount to the head office, then how to treat in my books of records?

Assessee deduct the tax of payee and paid to the govt but does not recover such tax from the payee.
Whether in the above situation is there any disallowance applicable U/s 40a(ia)

Please provide some material or cases judgement which support ur opinion

I am a student of CA IPCC, i had cleared CPT in Dec. 2010, but in B.COm. my percentage is 48 percent, can i register under Direct Entry System.