Anonymous
24 September 2010 at 10:20
Hello 2 all respecte fellows...
My Client want to convert proprietorship business in Partnership firm from 01-04-2010 but we dont have stamp for making deed...
Q..Can current dated stamp is valid for firm started from 01-04-10..
Thanx for ur reply & Give me time..
Maharamchandra
23 September 2010 at 19:58
Respected Sir,
Please kindly send specimen model format of stay application/petition and in the case of appeal before tribunal please send model draft of grounds of appeal and statement of fact because i don't know the sequence of drafting and wordings which is to used.
Awaiting for your reply.
Anonymous
23 September 2010 at 14:54
Does eligible business for the purpose of Section 44AD include services ? If so,what services are not applicable?
Rajesh B Shah
22 September 2010 at 18:25
Hi,
If an individual assessee has received income from partnership firm (i.e. Profit & Remuneration) is Rs.89,76,000/-, other income from proprietorship business is Rs.9,00,000/- and his total income is Rs.98,85,878/- then should he liable for tax audit ?
Anonymous
21 September 2010 at 13:05
What are the deductions a professional eg. Advocate, can claim for the purpose of tax calculation? Under which section?
DEEPAK
21 September 2010 at 10:28
SIR WHAT IS DIFFERENCE IN SECTION 142A AND SECTION 50C OF INCOME TAX ACT. IN BOTH A.O REFER TO VALUATION OFFICER.
THANKS
SANJIV BATRA
21 September 2010 at 09:42
WE HAD PURCHASED AN INDUSTRIAL BUILDING (INCLUSIVE OF LAND & BUILDING) FOR RS. 50,00,000/-. THERE WAS A COMPOSITE DEAL OF LAND & BUILDING. THERE IS NO BREAK-UP OF PURCHASE PRICE OF LAND & BUILDING. WILL WE GET DEPRECIATION ON ENTIRE AMOUNT (RS.50,00,000/-) OR NOT?
DEEPAK
21 September 2010 at 09:32
RAM books a Flat No. G-12 in 2008. Flat is 65% completed up to 30 June 2010. RAM is not able to pay value of that 65% to builder. So he transfer that Flat to his brother MOHAN. Builder has only change the documents in his records. MOHAN paid balance due payment as against 65% completion in September 2010. Is builder is liable to pay tax.
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Deduction of interest on borrowed capital
If a person buys property in the name of his wife and gets housing loan in his own name and pays instalment from his own account can he claim deduction for interest on borrowed capital u/s 24 or only the onwner i.e his wife can claim the deduction.