Dear Experts,

I have the following query with regard to tax applicability of gift to major son.

A house property was purchased by an assessee in minor son's name and used for self occupation all along. This property was sold when the son was 17 and another property was purchased with the proceeeds in the same son's name. When he turned 19, he is eligible for section 54 exemption.
1. Whether LTCG is to be discussed in the son's personal return of income. Please confirm.
2. For effectuating the gift (after son became major) any settlement ' conveyancing is necessary for discussing LTCG in son's return of income as above?

Hi,


Im pursuing ICWAI inter. Im from chennai, i want to know what and all the concerns in which i can get good job after completing ICWAI or while pursing icwai inter. I want clear detail regarding this query. Can any one please help me....

Dear Friends,

I am an eleigible assessee u/s 44AD i.e. Indl. with T/O 55 lakhs in retail trade but I want to declare my profits below 8% of turnover. I have no other income and my Total taxable income is below 2 Lakhs. Do I need to get my books of accounts audited u/s 44AB.

Please advise.

Best Regards,

CA Neetu Ashish Goyal

Dear Sir/Madam,

I Want to know that what will be the service tax Liability arise while payment to Local Transportation who is an Individual, and not giving any Consignment Note on behalf of that Transport.

What Will be the Accounting Entry Made of this transaction?

Hi,

Currently im doing icwai inter and working in tcs for past 3months and have previous experiance of 10month in auditing firm. I want to know current openings for icwai inter persuing candiatate in chennai. My current salary is 11500pm. Please help me to get good job relating to my profession.

At present my husband is working in Germany for one year on a fellowship and it is a tax free income in Germany. I would like to know whether the same is taxable in India when that money is brought into India or can we invest the same in House property. Please help me to resolve this matter.

dear sir

I like to know which type of question in 2nd module scores good marks for cs executive ...for intance practical question , comment type . Short notes and distinguish

Ur faithfully

Hello Friends, please explain difference between labour contract and manpower supply. Also difference in terms of service tax to be paid or charged.

A PRIVATE LIMITED CO. IS GOING TO INCREASE ITS AUTH.CAPITAL AS WELL AS GOING TO ALLOT SOME MORE SHARES..ON 31.03.2013..AND NOTICE WAS GIVEN ON 05.03.2013

I WANT TO KNOW IS ISSUE OF NOTICE ON 05.03.2013 WILL BE RECORDED IN MINUTE BOOK

OR

ONLY ON 31.03.2013 EVENTS LIKE FORM-5 AND FORM-2 ETC WILL BE RECORDED..PLZ REPLY

Quarie 1
In Audit Absorvation
in our co., in one financial year we have take 100% cenvat credit
& it is not under SSI Unit . While audit is going on auditor retificated
and they are telling to reserve the Cenvat amount & to pay intrest.
now my query is if I taken in one financial 100% on capital goods
I should to reverse excise & to pay intrest also.
or
Quarie 2
I ll pay intrest part & I ll show in return. & I ll not reverse excise amount .
it ll be any problem to us.

I need solution & and I required any judgement made on this Quaries