An Individual/HUF sold a Long Term Capital Asset for lumpsome consideration.Is it necessary that to avail exemption u/s 54,the same sale consideration to be reinvested within the time prescribed or the assessee can reinvest by partly taking loan and partly from the sale consideration received?For eg. Rs.1 crore is the Sale Consideration and the assessee reinvests Rs.50 lakhs from loan taken and remaining Rs.50 lakhs from the sale consideration?

Dear All Experts I am doing articleship I am pursuing cs executive Progremme for that I've sent Form 112. Now I want to registered for UGNOU Digree, so now can I register for that with out sending the Form 112, because I heard some where Form 112 only for Pursuing Professional course. Can I proceed this way.Please let me know. I am anticipating for ur reply.

SIR,I am working as a paid staff in a chartered accountants firm.Sir, if a trust has applied 85% of its income for charitable/religious purpose but it is not registered u/s 12A then what will be tax incidence on balance amount of 15%

please guide me

Dear Experts,

IF original TDS return (For 2Quarter) has been filed after due date (on May 14.05.2013) and further, due to non considering a tds challan in the original TDS return, we have to revised the same TDS return.

So my query is :
1. Provision of section 234E (i.e.Fee Rs 200 per day subject to Tds/Tcs amount) is applicable on original return TDS amount or on revised return TDS amount.

2.Suppose in original return tds amount is Rs. 500 and by virtue of section 234E delay fees is 500/- (subject to tds amount) now in revised return tds amount is 75000/- what will be the penalty & late fees charges.

Dear Expert
The two private limited co. AB {p} ltd & AC {p} ltd are sister concern , in which Mr. A is a director in both the company and having more than 50% share in both company. AC {P} ltd have due of rs. 1 crore from AB {P} i.e AC {p} ltd is a creditor of rs.1 crore of AB {P} ltd. Now they want to make settlement of above sum of just rs. 50 thousand.I want to know the taxation impact upon both the companies, and procedure of compromise & settlement. Please Help

suppose a person has a refund after deducting
tds and advance tax paid.
but the installment of advance tax paid is not as per S. 234c then can interest u/s 234c be levied?

Can you list down the items or categories of items which have zero duty (zero customs duty) when we export them to Sri Lanka from India?

owner purchase furniture 5000 for company by
personal credit card .

what are journal entry?

hi this is aftaab khan from kareemnagar. I have incorporated a private limited company in hyderabad about 1 and half year back i.e. december 2011. However, as i was working in pune i was unable to commence my business operations in my newly incorporated pvt company. Till this date i.e. 14/5/2013 there is no transaction on the company's name and even we i.e. directors who are working in other companies unable to file tax return also. we have done nothing related to the company just incorporated it and then left it. now we want to start business with this company. can we do. what we have to do to commence the business. do we require to file anything with any department? what is the procedure and necessities we have to consider now to start business. Can i leave it as it is and start new company or a partnership firm? can i close this company? what will be the best solution for me? Thanks for giving time and your valuable suggestion.

Thnx for immediate reply
i hv paid via Self asst. tax 4460/- but As computed u/s 143 ( 1 ) is showing 0. hw cum it is so.
thnx