Dear all,

If the Private company incurring lossess,
can it not provide the remuneration to Directors. Whether it has to take permission from Govt to do so?

Kindly clarify the same

QUERY regarding Capital Gain Tax on transfer of an Apartment :
We booked an Apartment for Rs.35 lacs in 3 names A,B &C in Sept.’2005. Initially we paid booking amount of Rs. 5 lacs . Then we took a bank home loan and paid Rs.20 lacs to the builder in Sept.’2009.
On completion of the apartment, in June’14 , we paid balance Rs.10 lacs to the builder . In the complete transaction, we paid a total of Rs.35 lacs to the builder plus interest of Rs.8 lacs to the bank.
But we did not take possession instead we sold the apartment to another customer for Rs.48 lacs. The customer paid transfer fees directly to the builder and got the apartment transferred in his name.
In the above case, is there any Capital Gain liability on all 3 applicants as we have not got the registry done ? And if yes, then is it long term or short term and what is the amount of tax liability on us. Please advise .
Thanks & Regards.

Dear all,

The company has stopped its revenue operation due to continual Business loss, so now the company has let out its office to another company.

The Income from let out property is taxable under Income from House Property or Business / Profession?

kindly clarify the same .

If partners remuneration is greater than 1 crore is he liable for tax audit u/s 44ab????

Opc's is better than LLP

Should gold coin be treated as a fixed asset or an investment?

Is Tax Credit of Rs 2000/- available for the FY: 2014-15 as per the new budget for income<=Rs 5,00,000/-.

I filed my ITR on 27/06/2014 and the hard copy of my ITR was received by CPC, Bangalore on 09/07/2014 .. I haven't received my IT Refund till date .. So what should i do in this regard ..

are there changes in accounts for the attempt??

I have to Audit But there is a problem with in Auditor info.Software is showing there 6 option.
Can you please tell me their slabs or provisions

1. Clause 44AB(a)
2. Clause 44AB(b)
3. Clause 44AB(c)-i
4. Clause 44AB(c)-ii
5. Clause 44AB(c)-iii
6. Clause 44AB(d)