We have received ADVANCE FROM CUSTOMERS for sale of flats/units through BANK but due to cancellation of deal with some clients, we had repaid them partly through CASH amount 150000/- which was exceeds 20000/-, thus whether Sec 269SS/T is applicable on REPAYMENT OF ADVANCE FROM CUSTOMERS..?? Please make clarification on this.

Hello everyone,
I am working with Pvt ltd co. having construction field. Company had purchased tower crane of Rs.4853202/- and on that made erection and commissioning charges Rs.90000/-. so my question is can i capitalised tower crane Rs.4853202/- or 4943202/-? Both have seperate bill.

whether the provisions of sec-47(iii) will be applicable irrespective of to whom a gift is made or it is applicable only in case the gift is made to a relative

whether in RG-1 excise duties department persons will sing on each date on monthly basis.

i have seen RG-1 of chemicals industries where no sign and stamp of excise duty department.

if they wont sing daily or monthly then company will show one RG-1 to auditor and for another book (RG-1) to excise department person.


please clarify me on this matter

sir i m have just cleard my cpt how can i give my best in audit without taking coching plzz suggst

Is there any chance to trace the registration number of the icai student.

Respected Sir/ Madam

I have a question regarding house property income.

A person has a plan of constructing a 5 storey building.
He has taken loan and completed only ground floor using the entire loan amount.

Now a bank has taken the fully complete ground floor on rent.

The owner has not taken any further loan or started any further activity for construction of remaining floors.

Now my question is whether the building should be treated as incomplete or owner can take deduction u/s 24(b) ?

Please give me suggestion and please give me related case law, if any.

Regards


Pushkar Mitra

Dear Expert

I Was Files ITR-1 for TDS Refund After Due Date but i have selected section due date 139(1) . I have already Refund Amount Received. Today I have received Income tax Intimation U/S 143(1) Detail, Please Gide Revised Return yes /no

I have worked a construction co. as company payroll basis since 28th Feb'2014, I have resigned from the company and I have jointed one company on 3rd March'14 as consultant against purchase order basis.Previous company has provided me Form 16 (From April'13 to Feb'14) and current company has provided me Form 16A.(Only March'14) Please advise me which one I will select the ITR for my return. (ITR 1,or ITR 4) Please reply me.

Please let me know can the wife claim exemption under sec 80G for the Donation paid by her Husband in his name. The receipt says the amount for exemption under sec 80G(5)