In the case of demeger resulting company has been incorporated. Appointed date of demerger is 1st April 2020Application will be filed before NCLT in ... Read Full Issue

PAN card has been obtained in the name xyz & others. PAN no. is AAEAS0219C.It is an AOP where shares are determined. AOP has rental and ... Read Full Issue

Excess stock found at the time of survey u/s 133A will be bussiness income or deemed income under section 69. Will the normal rate of tax will be ... Read Full Issue

Assessee is a trust registered under soceities Registeration Act. However it is not registered u/s 12A of the Income Tax Act. Total receipt during ... Read Full Issue

An assessee has filed case under Negotiable Act against Mr "A"Court passed order in favour of the assessee and directed Mr "A" to ... Read Full Issue

A company own leasehold land leased by Adityapur Development Authority for 30 years,My query is how to determine value of shares of the company for ... Read Full Issue

Turnover including excise duty of a private limited company in the F.Y. 205-16 is more than 50 crore.after excluding excise duty turnover is less ... Read Full Issue

Rajsthan Bhawan is a 'DHARMSHALA' It is registered u/s 12A of the Income Tax Act. Till assessment year 2015-16 there is no tax liability on ... Read Full Issue

Chamber of commerce is registered u/s 25 of the Co. Act 1956, Chamber is not registered u/s 12A of the Incometax. There is surplus of income over ... Read Full Issue

(A company has deducted T.D.S. for ₹ 150000/-on advance payment on ₹ 75,00,000/- in Feb.2011 (A.Y. 2011-12) Assessee has not claimed ... Read Full Issue