CAclubindia

Queries Replied : 9397

I am a practising CA from Surat

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Favourite field of activity is Income-tax .

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kabir says : section 54gb
https://www.caclubindia.com/forum/company-structure-for-exemption-under-section-54gb-471052.asp

kabir says : exemption under sec 54&54GB in single transaction
sir if you look in this link i have attach ICAI text book it say something different. it will be great sir if you can share you thought https://www.caclubindia.com/forum/exemption-under-section-54-amp-section-54gb--462289.asp

Vipul A Bhanushali says : Change from INDIVIDUAL to HUF
Dear Sir While registering company, I have given Individual PAN, but the profits of the same I am filing through my pan of HUF in INCOME TAX, now after GST, my GST number has my individual PAN, can I change my existing company with HUF pan ? If Yes, what process has to be done ? As my HUF pan is given under INCOME TAX returns. Please help !

CMA Abhay Kumar Sinha says : HUF BALANCE SHEET
Sir, One of my client is having ancestral gold worth Rs. 25,20,000/- and we have created a HUF and now I have to file its First Year Return for FY 2014-15. My hesitation is that how I should show this amount in Balance Sheet,Simply by Showing the Jewellery in asset side and capital in the Liability side with some addition of income in capital account. Please Sir,Help me because I have to file return for FY 2014-15... Thanks in advance, CMA Abhay Sinha 9926321606

Priyanka says : CA final second Group or both?
hello sir, as you know only 2 months left for exams, i need some guidance. My status is - in first group i have done only FR and 30% SFM and second group i have completed 3 months back, but i need to revise it again. So sir according to u , i should give only 2nd group or both?