My father operates 2 a/cs . One as individual & other as Karta of HUF a/c . If he transfer / gift assets / secutities from his individual a/c to HUF a/c . Will there be any tax liability on any of these two a/cs ?

can we take input credit on purchase of consumables, spares like bearings, bolts.......and is it necessary they are to be used during production process ,if it is a seasonal manufacturing establishment

Dear Sir Can you please guide me that if the income of a person lies under 5,00,000 to 10,00,000 say income is 670000 after all deductions.we will calculate it by using formula 6,70,000-5,00,000*20/100+30,000=64000.But wt is 30,000 in this formula it is my confusion.

i want to know about individual marks obtained in each question of audit paper.which procedure will be best i.e certified copies or inspection.i have heard that individual marks obtained in each question are not shown in certified copies. is it true?

Respected Sir / Madam,

I am having Following Income:-
1. Stipend Income From CA Articleship
2. Tuition Income from Private Class
3. Bank Interest

I have following doubts :-
1. Is stipend Income is taxable? If yes then under which head it is taxable? Should I claim tuition fees paid to private class for CA Final course as deduction? If stipend is taxable as income from salary then should I get tuition fees deduction or not?
2. I am earning income from private class as a teacher, I do not have my separate private class. So under which head tuition income from private class is taxable ?
3. Which ITR form?

exception in payment of advance tax.
please clarify.

TCS charged by supplier supply firewood to us. We use firewood for manufacturing spice.

can we claim TCS as advance income tax.

what is the tax treatment of TCS. is it our expenses or advance income tax

my assessee don't know that he was filed his i t return of a.y.10-11,11-12 and 12-13
then how can we know/find that?

Agar ek non resident india me income remmit karta he....and is amount ko invast kr diya jata he.....
i know that remmitance is not taxable bt income from invstment in india is taxable......

My question is that how should i show his salary outside in india.......in return than deduct it as exemption or i should not show at all...........
plz help me out

Hello,

This is one of query wch i have recd from my friend , i need your all help to solve.

1) high court order for amalgamation is recd and form 21 is also approved by roc .but still the masterdata for authorised capital is not combined /corrected ?

pls suggest what is the procedure.

also suggest what are the other things will be corrected by roc apart from autho capital.