LCI Learning
Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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Amit Soni   28 August 2012 at 16:02

Application under section 154

An Krishi Upaj Mandi Samiti (Earlier AOP) got the status of Trust u/s 12A/AA by the order of High Court but returns could not be revised in due time. Whether an Application u/s 154 can be filed for this? if yes than please also mention some case laws/Circular/Notification in this regard.

You can also direct mail me your reply on csamit@live.com

Thanks in advance.

YASHPAL RAWAT   28 August 2012 at 10:36

Status of a society


Kindly confirm what will be status of a society registered under Society Act, 1860, and initial exemption for assessing under Income Tax Act, 1961.

shanti bhushan singh   26 August 2012 at 21:59

Password

sir i have forgotten the password of e filing log in how can i get the same, as my previous email id has been blocked

SUPRIYA   25 August 2012 at 23:44

Capital gain

how many month person can keep money with him to invest in capital gain bond if it`s sale of own property.
If i invested in 3 years lock in period.how much i tax will have to pay.
After 3 years i can use my money without any tax liability.\
pls advice.

THANKS

SUPRIYA

pooja dedhia   25 August 2012 at 13:14

Copy right & patent

to accounted as the copy right or patent,is it mandatory it must be registered?
can business identify it & it met the all nature of as called as the copyright & patent but it is not registered,can business in its
books of accounts can recognize d and recorded as the fixed assets in books?

Ranjan Kumar sahu   24 August 2012 at 19:14

Deprciation

Under Income Tax act Depreciation on Tube Bell Truck is depreciated @15% on Block 5 or @30% on Block 7?

avneesh   24 August 2012 at 14:22

G

1-is sec. 44ad applicable on profession or not

2- a person is earning income from isurance commission of Rs 25,00,000.

question-

1- is it profession income or business income

2- can he use itr4s and show 20% profit of 25,00,000

3- if 44ad is not applicable than tax audit is required

avneesh.bibhu@gmail.com

avneesh   24 August 2012 at 14:16

Itr

a person is earning income from isurance commission of Rs 25,00,000.

question-

1- is it profession income or business income

2- can he use itr4s and show 20% profit of 25,00,000

avneesh.bibhu@gmail.com

avneesh   24 August 2012 at 01:03

Query regarding LIC

a agent of life insurance corporation of india have earned total commission of Rs. 20,00,000. he is not maintaing books of a/c

question-

1-he can use itr 4

1- there may be any panalty for non maintaining books of a/c

2- he can claim 60% exp. of gross receipts


5- otherwise how much exp. can claim

6- tax audit is applicable

7- b/s and p/l is not fill in itr 4 any panlty of harmful


avneesh.bibhu@gmail.com