gaurav
02 October 2014 at 13:04

Relief u/s 89 (1)

Plz help me to find out the Amt. of relief u/s 89(1) from the following given data for A/y 2014-2015:-

Total Salary(Gross)of A/y 2014-2015 is Rs.589359 (Incuding Rs.76044 as Arrear of a/y 2013-14)and
Rs. 1 Lac Saving U/s 80C

Gross Salary of A/y 2013-14 is Rs.446858
Net Salary of A/y 2013-14 is Rs.336858


Praneetha

Does Subscribers to "Memorandum of Association" automatically become share holders of that company or do they need to file any returns?

A company has One lakh As Authorised, Issued and Subscribed Share Capital having two primary directors, two of them are stated as they will to subscribe 5000 shares each of 10Rs. Does these two become the share holders in immediate effect or they need to file any returns to ROC.

Reply at the earliest.


Divya Jangam
02 October 2014 at 12:51

Tds return

is it mandatory to file TDS return if one has a TAN number??? Even if no TDS has been deducted???


priya
02 October 2014 at 12:23

Pgbp

Sir what is the tax.rate for dep.assets if held 4 more den 3yr or also for less than 3 yr.and under which head it will be taxable
plz its urgent



Anonymous
02 October 2014 at 12:18

Advice

Default was transcation in savings account over Rs.10 Lakhs for 2 consecutive year 11-12 & 12-13.For 11-12 bank report it in AIR and dept issued notice u/s 142.However for FY 12-13 it presumably bank does not report because in 26AS no such transcation is
reflecting and secondly till to date dept has not issued any notice.Now what expert suggest if assessee doen't fill return for AY 13-14?



Anonymous

What will be the calculation of depreciation if in the block of machinery , machinery purchased after 180 days sold out in the same year. Suppose
Opening Balance -1,25,619.00
Machinery purchased on 03.12.2013-13,00,000.00
Machinery sold 04.12.2013-13,93,350.00
What will be the depreciation on the above case?
Plz its urgent reply soon.
Thanks in advance for your reply.


shabina hasan
02 October 2014 at 12:05

Appointment of cfo

Dear Professional i have query regarding appointment of CFO as per new act.Do any agreement need to be enter for that appointment and Form MGT_14 , DIR 12 and MR 1 all need to be filed with ROC?



Anonymous
02 October 2014 at 12:00

Wealth tax return

IS IT MANDATORY TO FILE WEEALTH TAX RETURN FOR ASSESSEE FILLING RETURN U/S 44AB. EVEN IF HE OR SHE DOES NOT HAVE MAXIMUM AMOUNT OF ASSETS WHICH IS NOT CHARGABLE TO WEALTH TAX AS PER WEALTH TAX ACT 1957

ANOTHER QUESTION IS THAT ONLY THOSE ASSETS WHICH IS BEING SHOWN IN BUSINESS BALANCE SHEET HAVE TO BE SHOWN IN FORM BB, OR EVEN PERSONAL ASSETS NOT SHOWN IN BALANCE SHEET OR BOOKS OF ACCOUNT TO BE SHOWN IN THE WEALTH TAX RETURN.


virendra vinayak topkar

whether now it is necessary to revise the income tax returns already filed for assessment year 14-15 without auditors details with providing auditors details or is there any other formality?



Anonymous
02 October 2014 at 11:29

What is point of taxation

PLEASE EXPLAIN, WHAT IS POINT OF TAXATION IN ITS VERY SIMPLE MEANING ?