Who can use ITR -3 Return Form? This Return Form is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and […]
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Deed Of Partnership Format
THIS DEED of Partnership is made at……………….. on this ……………….. day of …………… by and between: Shri …………………………. aged about ………….. years, son of Shri ……………………………. resident of ………………………………………… (Hereinafter […]
Stay Application for Demand Outstanding under Income Tax Act
Stay Applications Sections 220 to 232 of the Income-tax Act deals with collection and recovery of taxes. These provisions will become active every year in the months of February and […]
Full Partition Deed HUF Format
Partition Deed THIS DEED OF PARTITION made at (city) this ___ day of __________, 200-,BETWEEN Mr. _____________,s/o____________, R/o ____________________________ Hereinafter called First Party of the First Part, Shri ____________,s/o_______________, R/o […]
ICAI suggests Facility to submit Form C, E, F etc. online
Section 6 is charging Section. As per Section 6(2) subsequent inter-state sale transaction taking place by transfer of documents of title to goods, when the goods are in course of […]
If willingness of developer to perform his obligations cannot be ascertained, there is no ‘transfer’ u/s 2(47)(v) r.w.s. 53A
It is an undisputed fact that as on date, there was no developmental activity on the land which is subject matter of development agreement. The process of construction has not […]
Implement Tax Audit Report in Service Tax / Excise
n its pre-budget memorandum 2014 Institute of Chartered Accountants (ICAI) has suggested that the provision of Excise/Service tax audit by Chartered Accountant be introduced, similar to the Tax Audit Under […]
Service tax paid by Service provider, on being pointed out by Department, can be treated as business expenditure
We are sharing with you an important judgment of the Hon’ble High Court of Gujarat in the case of Commissioner of Income Tax-III Vs. Kaypee Mechanical India (P.) Ltd. [(2014) […]
Income Tax Effect on Partial and Full Partition of Hindu Undivided Family (HUF)
Partial and Full Partition of Hindu Undivided Family (HUF) and Income Tax provisions Meaning of Partition: – Partition is the severance of the status of Joint Hindu Family, known as Hindu Undivided Family under tax […]
Karta of HUF- his powers; Can Female / Minors / Junior Member can be Karta of HUF
KARTA OF HUF The Karta is the manager of HUF and have wide powers by way of controlling the affairs of the HUF. The Karta enjoys his position in the HUF by operation of […]