hello sir i m manish anand. sir i m pursuing ipcc course from direct entry scheme. sir i have to do coaching classes along with article-ship.sir please give some better suggestion that how could i manage my time for studies along with these work. i am very confused please help me.

Although it is understandable that Long Term Loss on Shares where STT has been paid is normally not carried forward because Long Term Capital Gains on such Shares is exempt u/s 10(38) . However , I have a thought . In the remote event that in the future , the Government re-introduces Long Term Capital Gain on Shares liable to STT ,in that case , if current Long Term Losses on such Shares had been carried forward , then , these Losses would be able to be set-off against any Capital Gains which may be made on such Shares in such future years (Where capital Gains on such Shares has been re-introduced) .

Is it true that absolutely no C.A. Software will allow carrying Forward of Losses on such Shares ? Is it possible to Carry Forward Loss on such Shares ?

I forfeited Rent Security deposit for Rs. 100000/- becuase property vacant before the date of contract date.

Question:- Should income taxable in income under house property and i can claim standard deduction

Please provide the section under which i can calculate tax. provide any case laws also

Tel 9999114755
bhaagwat@gmail.com

An assessee has Long Term Capital Loss of Rs. 6492 on Debt-Oriented Mutual Fund (Long Term Capital Gain on Debt-Oriented Mutual Funds is taxable @ 10 % without Indexation or 20% with Indexation . whichever is better for Assessee) . However , after applying Cost Inflation Index to Purchase Price & then calculating the Long Term Capital Loss , the loss is working out to Rs. 1,15,775 . There is no Taxable Long Term Cap. Gain in same year so this loss needs to be carried forward . Should the Long Term Loss be carried forward as Rs. 6492 or Rs. 1,15,775 ?

One Assessee has Tax to be paid of Rs. 10912 & TDS paid is 6671 . Will Interest have to be calculated u/s 234 b & c ?

When can interest u/s 234 a,b & c be waived off or reduced ?

Luxury Tax Charged On inclusive of service tax ?

Dear Freinds,

Case-If a doctor earned Gross receipt from his profession Rs.10,50,000/- during the F.Y.2011-12 and he is also deal in F& O market, Total sale Rs.10 Lakhs & Total Purchase is Rs.12.50 Lakhs net loss is Rs.2.50 Lakhs .
With the above facts please tell me what is the total receipt in the hand of doctor for the the purpose of tax audit.?
It is necessary to tax audit for the F.Y.2011-12? Please suggest with reference to any case law/ decision /circular from competent authority/ Court.

Thanks
Satyendra Gupta

How can I file the IT return if I have no form 16. I have worked last year in different organisations which are not having any system of giving form 16. So can I file the IT return without form 16 ?

Dear Experts
We are the contractor in delhi and got a works contract in tuticorin, Tamilnadu and we are not registered in tamilnadu. Now for execution on site we are purchasing material from a supplier who is located in chennai, tamilnadu.
Now the situation is:
We are purchasing material from chennai supplier in delhi address against C form. And material is to be delivered from chennai to tuticorin i.e. within tamilnadu. I want to ask for such case what the transporter need to carry with himself to deliver the goods at site. As the billing at its delhi address and delivery address is tuticorin that both address mention in the bill.

Pl suggest what to do in this case.
Thanks in advance.

Hello Sir,

In Public Limited Company one right issue is being made to all shareholders with 1:4 ration. As in case of right issue the shares is being allotted to all share holder on discounted price. So what would be the liability in respect of capital gain tax.

The company raised capital only at the time of incorporation and after 5 years time this right issue is taking place.

I would be thankful to you.