A house property in Pune is sold by a Person of Indian Origin for a LTCG of Rs 38 lakhs and Sale deed thereof is registered in April 2013.
Another house property was purchased by him in Mangalore for 40 lakhs, but payment of 35 lakhs was already made before March 2012 (more than 1 year before the sale of the Pune house) and bal 5 lakhs was paid in May 2013 at the time of registration of the purchase deed of the Mangalore house.
Will deduction U/S 54 be allowed and to what extent?
Can a Private Ltd. Co. give loan to its Directors or any relatives of the directors?
A Private Limited Company is incorporated on 27th February, 2013.But no transaction is done for Financial Year 2012-2013 (1 month) except share capital subscribed by Directors.
What are the compliances it needs to do for ROC, Income Tax etc for Financial year 2012-2013 AY 2013-2014?
CAN DUPLICATE SHARE CERTIFICATE ISSUE WITH NEW CERTIFICATE NO OR WITH OLD CERTIFICATE NO ?
What are the consequences if an assessee took deduction u/s 80 C as term deposit for 5 yrs wrongly.....
Dear Sir,
In April 2013 there is no liability to deduct Tds under sec. 194H but we paid tds. now in june month laibility arise and thae advance amount of tds which paid earlier adusted in june month liability.. it can be possible ..what the solution for it
One of My Client is working in Singapore and he is NRI. He has a house purchased in mumbai in the year June 2009, which he is wiling to sell in current year. And from the proceeds he is wiling to buy a house in Singapore, would he be entitled to the benefit under section 54 of incometax act. And whether any TDS is required to be deducted on this remittances. What would be the procedure for conducting this transactions
Thank you
Experts
I want to do ca inter. as we all know that b.com graduates exempted from cpt. i am b.com graduate of 65%.currently i am doing job of accounts. i heard from some where that there is a condition of training for taking that exemption. like we have to go for training of 8-9 months under ca for exemption. i am confused about this. i am doing the job, i am not in position of left the job and go for training.
please help me regarding this issue..
One Company received requisition for calling of EGM from members, after that EGM was called, There was 9 shareholders in the Co ( 4 shareholders was against the resolution holding 56.20 % shareholding ) and 5 Members was in favour of resolution holding (43.80 % shareholding), Kindly advice whether the resolution be valid or not, Kindly also provide the section in this reference.
Our client is transport contractor in Coal India Ltd, MSPGCL & Other Government Department.
Our Client is received work order from departments which are clearly mentioned "Service Tax Payable by Department (CIL) directly to the Service Tax under GTA)."
As per our work order main Job is transportation. But in the work order mentioned shifting, loading and unloading at mine or railway siding by us.
But in Audit of service tax the officers are studying work order and said the service tax liability of your under Mining Services or Cargo Handling Services.
Please guide us whether my client is liable for payment of service tax under mining services where service tax payment is already made by concern department under GTA services.
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Deduction u/s 54 of the it act