x is spouse of y.
An income tax demand was raised against x in previous assessment year.
In current year Y has a refund .
Can Income tax Department set off the refund of Y against demand pending in case of x.
If yes under which circumstances and If y has not given his concent for set off of refund , Can IT department set off his refund.

Please Help
Please Help Please Help Please Help Please Help.


I AM Pursing MCom Part - I I Need The Notes Of Holding Company with lots of examples.

please don't tell the books i would like to have notes with lots of examples regaring minority interet & set off against majority interest. and many more regarding the holding company chapter notes & examples.

Please Help me.


A Kind Thanks TO All The Experts.

Dear sir,

whether patent registered in foreign country also can be said to any law time being inforce ?

Please clarify with suitable authority/ case laws

Regards

Head Guidelines / Limits
HRA Upto 60% of Basic
LTA Upto 33% of Basic
Medical Upto Rs. 15,000/-
BRR Upto 10% of Gross Salary
Fringe Benefit Tax 9% on BRR.
Other Allowances Any Balance leftover

BRR-Business related re-embursement.Kindly suggest me my 40000pm segretion into abve criteria..

Due to some miscommunication, M/s X Ltd. wrongly paid an amount of Rs 2000/- as Int on delayed submission of ST3 during April 2009.

Can it adjust the excess payment towards regular ST liability while making payment for ST for Sep 2009?

A Bank Branch that commenced operations only in second week of september 2009. It has applied for ST reg a couple of days back & is yet to be alloted ST Reg No.

Pls advise as to the liability to pay service tax & file return.

Respected sir,

A land property acquired in inheritance by a family on the death of the head of family. The family consists his widow wife and two major sons.

Now all the aforesaid family members handed over the above land to other three persons (other than family members) and through a partnership deed duly executed by them, they have constituted a partnership firm.

As per partnership deed they will construct flats and shops on this land and will sell them on ownership basis. Likely they have started construction activities on this land.

Accordingly, In the beginning - in the books of accounts of the firm, they have debited land account and credited the capital account by considering fair market value of that property in their equal portion.

Partnership firm has filed its income tax return for the AY 2009-10 by showing construction account, Profit and loss account and Balance sheet.

Now the partners (Those who acquired this land in inheritance) has to file their income tax returns.

Now my questions are –
1) How I have to show it in their personal balance sheet.
2) Will any capital gain provisions will attract and if yes, how I have to deal with. (Keeping in mind that they simply transferred this property to a partnership firm).

Please guide.

With due respect

(Subhash Mishra)

what is pari passu charge

Please tell me how to prepare Bank Reconcilation statement in Tally ?

when one interested in a co., wht ratios will one calculate to work out its value?