I am a retired officer and getting pension about 6.5 lacs. During F.Y 2013-14 (AY 2014-15 ) I did consultancy and charged Rs 3 lacs ( 2.7 lacs in my a/c and 30.000/= TDS booked in 194J). Can I use ITR 4S for filing my return.I want to book 90 percent as profit.

Sec 56(2)(viia) / 56(2)(viib) are not applicable on companies in which public are substantially interested.

Now wish to know that there is a company listed on a regional stock exchange which is a recognized stock exchange. But on looking for the status of the company, it is a suspended company. The question is that if a suspended company will also be treated as "a company in which public are substantially interested" or not and accordingly Sec 56 (2)(viia) / (viib) would be applicable to it or not?

Hi,

My employer provided Rent Free Accommodation for 3 months for the financial year 2014-15. In my salary include HRA. So can I claim HRA exemption for Next 9 months?

Authorized Share capital of private company is 1 Lac. Two subscriber to MOA have agreed to invest 1 Lac but invest only 50,000 towards share capital. They spend 80,000 out of their pocket towards company expenses. They want the company to adjust 50K out of this amount as share capital invested and receive back 30K from company as reimbursement of expenses.


Can Co. do so ?

Also confirm that no form 2 needs to be filed in this case as the amount is invested by subscribers .

Dear sir I have invested in equity share of rs 50000 during month of dec on 31 march it value is of rs 35000 then balance sheet what amout shown cost price or mkt price on 31 march???

if deemed owner of leased proprty sale the same then thiscresult in extinguishement of rights now capital gain will be taxed undercwhich section

If an individual assessee having a turnover of Rs 25,00,000 in India and he also arising Rs 3Crores outside India.Whether he is eligible for audit under section 44AB.

Hi,

My friend has purchased a new flat which is under construction and his home loan EMI already started from June 2014 whereas actual possession will be next year, that is August 2015. Presently he is staying at rented house and paying rent for that house.

My query is, Can he claim HRA as well as home loan interest/principal amounts. Kindly advise in this regard.

Sir, I have purchased some share in Jan-2013 a some of Rs-50000/- & sale the same in March-14 a some of Rs-62522/-. Is, Rs-12522/- (62522-50000=12522/-) taxable in F.Y 13-14 & add in my income.

My business is Qulaity inspection & Quality managment services. can we claim 100 % service tax set off on telephone bill, air ticket. & service tax set off is in payable basis or payment basis