CA HIREN PATEL
06 November 2014 at 12:43
I HAVE E-FILED TAX AUDIT REPORT OF ONE OF MY CLIENT FOR THE YEAR AY 2013-14 BUT NOT FILE RETURN OF INCOME FOR THAT PARTICULAR ASSESSMENT YEAR CAN I REVISED THAT AUDIT REPORT BY MODIFYING THE INCOME IN THE PROFIT AND LOSS ACCOUNT BY REVISED AUDIT REPORT IN AY 2014-15 ? IF YES THEN WHETHER MY CASE CAN BE GET SCRUTINIZED BY THE IT DEPARTMENT ?
DEEPA DWIVEDI
04 November 2014 at 12:40
Dear experts ,
I am a salaried employee in a state govt department . TDS deducted from my salary . I have a FD . I have a agriculture income also . I have given my agriculture land to my brother on lease . every year he gives me 60000 ( average of 15 years ) from last 15 years . Since i was receiving lease income i rarely used my salary income , i also used my agri income to make an fd , i have also received cash gifts from my father , mother and brothers also . I also made an fd with the help of those gift deeds .
Should i file an itr ? What should i do ?
K R Reddy
04 November 2014 at 00:07
Dear professionals,
My uncle (from USA) want to start a charitable organisation in Hyderabad, Telangana with main objective is to give agriculture Machinery to farmers of Telanga at concessional price or at free of cost.
So please advise on the followings:
1. How to form a Charitable Trust in Hyderabad (i.e.,formation process)?
2. What are the legal requirements?
3. What are the tax implications on charitable trust?
4. Which types of charitable trusts can attracts lessor tax rates?
5.What kind of bank account needs to be setup for Transparent transactions?
ThanQ
DEEPA DWIVEDI
03 November 2014 at 18:31
respected experts ,
My father had gifted my wife some amount ( 1 lacs ) on official water mark paper in 1989 . She utilized that amount at different different places like ( fd , land , gold etc ). Now my father is no more and now a days water mark paper is not used to make a gift deed . Sir the gift deed what i have is still valid or not ? Still i have that deed . Will it be ok ?
Suggest me please
Gaurav Gujrati
01 November 2014 at 14:50
Dear Sir,
If a person bought land from government on lease for re devolopment purpose. due to financial hardship he is not being able to pay lease amount so now he wants to transfer ownership of land to another devloper. Will this attract service tax liability on the person who bought the land from goverment on lease. ?
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Thanks & With regards
Gaurav
pankajkumar gadi
30 October 2014 at 22:25
1. A partnership firm comprising business of Builder and Land developer can take the benefit of Accounting Standard 7 “Construction Contracting” and can avail the benefit of Revenue Recognition in valuation of closing work in progress.
2. While valuing closing WIP, can it be added the finance cost (Interest on Capital) and administrative expenses (Remuneration to Partners) since all the partners are working partners.
And also please give the sections, case laws applicable to the case.
NITIN SHARMA (LL.M.)
30 October 2014 at 15:50
Dear Sir,
In case of civil contractor who have received payment from PWD (govt. deptt.). While filing ST-3 whether he can claim exemption for the said payment by citing notification 25/2012?
Please clarify?
pooja dedhia
30 October 2014 at 15:31
TO DETERMINE THE Relative party transaction , what are the percentage are require to check as ownership in relation to relative party transaction ?
what is the std benchmark to judge the relative party transaction ?
my brother has 20% stake in firm as a partner .Both firms are under audit u/s 44ab . has reporting is require manadatory about transaction with other firm .? why?
hdshardik
30 October 2014 at 14:32
private ltd company can put excess current account balance in fixed deposit carrying interest with the same bank ?
what documents will require to send to bank as a private ltd co .
and is there a freedom to private co if he wants to withdrawal money after 3 months ?
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Service tax liability under gta service to recepit
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