can we setoff the short term capital (mutual fund ) for current year business profit . please sugest relating Section .
Sir , if i want to take transfer on 1st july, 2009 , can i take transfer and what formalties i have to fulfill ?
Incorporating a company as Foreign Wholly owned Subsidiary and a Limited company Advantages and Dis - Advantages??
plese somebody let me know where shall i do SA from?
An assessee neither declared rent income (chargeable under income from house property) nor claimed credit for the TDS on such rent income in his ROI.
1) On what amount would the “tax sought to be evaded” calculated for purpose of section 271(1)(c) of the I. T. Act?
a) Gross rent received
or
b) Income chargeable under the head income from house property i.e. gross rent less deduction u/s 24(a).
2) Would the TDS on such rent income (for which no credit was claimed in ROI) be reduced from the tax on rent income to arrive at the “tax sought to be evaded” for purpose of section 271(1)(c) of the I. T. Act?
Thnks & Regards
Niki
Does “tax sought to be evaded” for the purpose of section 271(1)(c) of the I. T. Act include surcharge and education cess?
Thnks & Regards
Niki
In case there is a mistake in calculating the amount of penalty, can the order u/s 271(1)(c) of the I. T. Act be rectified u/s 154 of the I. T. Act?
Thnks & Regards
Niki
A firm is registered under Karnataka VAT Act dealing with polished granite tiles, Now they want to export their product to Nepal. What procedure is to be followed;
1) What documents should be accompanied while transporting the same?
2) Whether export licence is necessary for such transcation?
3) What documents(viz H-Form, Bill of Lading etc) should be procured to declare it as an export?
4) Whether the same can be sold at local rate of tax @ 12.5%
Please help me out. Thanx in advance..
Dear All,
I have doubt in mind that existing Pratmentship firm need to convert to new LLP act ?
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