In orde to learn about Taxation in proper way I want to do some certificate or diploma course in Taxation by correspondence or say distant mode can any expert provide information on this
I have EPFO pension .I am 68. I have made Short Term And Long Term Capital Gains On my Shares and MF in FY 16/17. In BOTH cases STT is paid. Will the STT paid be Deductible. Please advice before May 2017.
Hi,
I am a software engineer and my salary falls under 30% slab and I am availing tax benefit on Home Loan.
I purchased a house in May 2012 for 38.4 lakhs through Home Loan. Now I am planning to sell my house for 120 lakhs in May 2017.
Also I am planning to purchase an another house for 75 lakhs(land with old house) + 5 lakhs (registration charges)
so do I need to pay any tax for rest of the amount? Please suggest.
Thanks,
Rajendra
Sir what is the procedure to change an auditor before the compltion of his term.
Best regards,
Narasimha
DEAR SIR,
I WANNA KNOW THAT IF ONE PERSON SALE ONE HOUSE AT RS.35,00,000 ON APRIL 2016, BUT ACCEPT RS 1750000 BY CHEQUE AND BALANCE IN CASH (AND KEEP CASH AT HOME) AND SIGNED ON SALE AGREEMENT MADE FOR RS.1750000 ONLY WHICH IS EQUAL TO VALUE AS PER STAMP DUTY VALUATION, AND NOW IF HE THINK THAT HE SHOWS IN HIS TAX RETURN, SALE CONSIDERATION OF RS.35,00,000 AND READY TO PAY TAX @20% AFTER INDEXING (INDEXED COST OF HOUSE IS ABOUT RS.1100000) THEN WHAT PROBLEMS HE MAY FACE IN FUTURE ? SINCE HE HAS LEGAL DOCUMENT(WRITTEN PROOF) OF RS.1750000 ONLY. HE IS THINKING TO DO SO BECAUSE (1) IN THIS WAY HIS FULL MONEY RS.35 LACS WILL BECOME WHITE MONEY AND (2) HE SOLD HIS HOUSE IN APRIL 2016 AND CASH AMOUNT RS.1750000 WHICH WAS HIS HOME IS NOT BLACK MONEY AS HE SAID, BECAUSE MONEY WILL BE CALLED BLACK IF NOT SHOWN IN RETURN, WHILE THIS IS HIS FIRST RETURN AND HE HAS OPTION TO SHOW IT INTO RETURN, BECAUSE HOUSE WAS SOLD IN PREVIOUS YEAR 2016-17 AND HE MAY FILE RETURN TILL NOW. SHOULD HE GO FOR IT OR SHOULD SHOW SALE VALUE AS PER DOCUMENT i.e. RS.1750000 BECAUSE IF NOTICE WILL COME THEN HOW HE WILL PROVE THAT HOUSE WAS SOLD AT 3550000 AND NOT MORE THAN THIS AMOUNT ??
what is actionable claim and examples for the same
Dear Sir, Recently one of my Clint's brother got a notice from ROC. Company has not filed return from last 2 years. Person who got a notice that he had expired in the year 2006. His brother is not aware of all this. Going with the MCA website company is showing active and not showing any signing authority and Directors as well. So could you please suggest me that what letter should be draft to ROC. Thanks in advance. Regards, Atul Mishra
One of my client has IEC code which is active and issued in 1996. Now as per new requirements, they would like to migrate to e-iec code . But when they tried going to dgft.gov.in then apply for IEC code then entering PAN no and generating token using email and Mobile no , the whol enew blank screen opens without any information. I am wondering how email and mobile no can be linke dto old IEC no ? Since during 1996 , people were not active on internet and mobile. So how can they modify the same ?
Post merger or purchase, the unrealized profit on stock held by vendor co. as on the date of merger or purchase be derecognized in which of the the following cases
1) Vendor holding stock purchased from purchasing company
2) When two companies amalgamate and form a new company
In 2 nd case it should be derecognized , but in 1 st case whether it should be derecognized or not?
respected sir,
soaps and cosmotics say for example hindutanlever products suffer central exice at manufacturing point. so stocks held on appointed day would be cenvat goods . but purchase invoice of a retail dealer contains only vat collected in the state. there will be no indiacation of cenvat . now the retailer can claim credit of cenvat on goods held in stock at appointed day. please discuss.
thanking you
Certificate or Diploma course in Taxation