Jagmohan Rawat
25 May 2010 at 13:01
Hi friends,
Pls let me know if there is any judgement in case of stay petition filed in the court against the direction of the A.O. for conducting special audit u/s 142(2A) and hearing fixed on the petition after 6 months, how the period of limitation of 180 days for furnishing audit report will be computed in such situation. The assessee has not initiated to get his accounts audited as he has preferred the said petition to challenge the special audit direction by the A.O.
Regards,
Jagmohan Rawat
jaykumar
24 May 2010 at 19:38
if business in loss at that time can i claim deduction u/s 80IB and witch is losses can i carry foreword losses
CHIRAG ZALA
24 May 2010 at 11:14
If computer software has done mistake in calculation of income from capital gain , is it fare to levy penalty u/s 271(1)(c)?
The matter happened such that there was two agricultural land having different Revenue Survey No. and while in finding out the Indexation cost of both agri.land , computer software has done index cost of one agri.land correctly and while for second agri.land , it has taken index cost of second agri.land together with first agri.land index cost, thereby index cost of second agri.land increased by first index cost of agri.land.
And assessing officer has arrived on decision that assessee has provide inaccurate data and therefore penalty should be levy on such transaction.
So, my question is that Is it fare enough when explanation given to assessing officer and all particular data provided to the computer to find out the income from capital gain and just because of computer software mistake, assessee suffers from levy penalty???????????
SUNIL KUMAR SRIVASTAVA
22 May 2010 at 15:15
I AM A SALARIED EMPLOYEE. CAN I FOR AN HUF HAVING COPARCNER AS MY WIFE AND DAUGHTER AND REMIT SOME AMOUNT FROM MY SAVING TOWARDS INITIAL CORPUS OF HUF. THE HUF WILL INDULGE IN SALE/PURHCASE OF SECURITIES/SHARES AS BUSINESS. SINCE THE HUF HAS SEPARATE LEGAL STATUS CAN I, BEING, A GOVT. EMPLOYEE, MANAGE THE AFFAIRS OF HUF AS KARTA. WILL THE BE ANY LEGAL COMPLICATION AS ON MY EMPLOYMENT. IF I CANNOT CONTRIBUTE TOWARDS INITIAL CORPUS OF HUF THEN FROM WHERE THE HUF WOULD GET MONEY.
Anonymous
22 May 2010 at 14:43
My client has transferred from Delhi . He is in employment with private company. He has filled return at delhi . Now he has shifted mumbai and filed return with mumbai. Not yet informed previous ITO .
What to do now .
raj kumar
21 May 2010 at 15:38
truck driver submit a transport bill of "A transport agency" but he wants to issue a cheque infavour of truck owner and therefore he also submit pan card and rc copy of the truck. should i issue a cheque infavour of the truck owner without deduct tds? or what shall i do?
Anonymous
21 May 2010 at 12:10
Dear All,
what is meaning of turnover as per as vat rule can i mention such as goods which is comes under the service tax, for example if I purchas SIM Card, Recharge Coupon & connection where service tax mention on the bill and sell to customer, can i assume the above itemes tretad as goods and show in turover in vat in exepted sechudle.
Plz give u r valuable advice in this regards with VAT Section.
Anonymous
20 May 2010 at 19:22
If a landlord has not collected and not paid any service tax on rent in light delhi HC judgement and filed return as nil with foot note that service tax not applicable in light delhi HC judgement.Now in light of finance act 2010 what is the liability of land lord in following conditions.
1.Service tax not collected
2.tenant has already left.
Plese through the light on this
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Capital Gain Tax
We have an lease land industrial property of UPSIC, which was alloted to my company (Pvt. LTD) in 1984 for 99yr lease.We have constructd the building.
now we want to despose that land & building, as it not free hold land we ( company) con't do the direct registry as in normal case, campany has to surrender the land to UPSIDC with NOC for tranfer to buyer legaly company will get Value of the building. Company has claimed depresiation on Building.
Is the capital gain is applicable on lease land as there is no direct sale? will it be applicable on Building?