BUSINESS OR PROFESSION
BUSINESS OR PROFESSION S NO PARTICULARS DETAILS 1 PROPRIETOR NATURE OF BUSINESS BALANCE SHEET P&L ACCOUNT/ I&E ACCOUNT CAPITAL BALANCE 2 INFO REGARDING PARTNERSHIP FIRM IN WHICH ASSESSEE IS A PARTNER 3 NAME OF THE FIRM 4 PAN OF THE FIRM 5 WHETHER FIRM IS LIABLE FOR AUDIT 6 % OF SHARE OF PROFIT 7 […]
Read MoreCAPITAL GAINS
CAPITAL GAINS S NO PARTICULARS DETAILS 1 ASSET SOLD:- NATURE OF ASSET LAND/BUILDING/OTHERS ADDRESS LOCATION FROM NEAREST MUNICIPALITY SHARE IN THE ASSET 2 SALE VALUE OF ASSET-REGISTRATION, SALE PROCEEDS 3 DATE OF TRANSFER OF ASSET 4 ACQUISITION COST OF ASSET 5 DATE OF ACQUISITION OF ASSET 6 IMPROVEMENT COST OF ASSET 7 DATE OF IMPROVEMENT […]
Read MoreINCOME FROM SALARIES
INCOME FROM SALARIES S NO PARTICULARS DETAILS 1 NAME OF THE EMPLOYER 2 PAN OF THE EMPLOYER 3 ADDRESS OF THE EMPLOYER 4 SALARY DETAILS 5 ALLOWANCES EXEMPT UNDER SECTION 10 a) TRAVEL CONCESSION / ASSISTANCE RECEIVED b) TAX PAID BY EMPLOYER ON NON- MONETARY PERQUISITE c) ALLOWANCE TO MEET EXP INCURRED ON HOUSE RENT […]
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SAVINGS, SOURCE FOR LENDING – EXPECT INCOME TAX EXEMPTION
MANY OF THE ‘MIDDLCE CLASS’ INDIANS HAVE THE HABIT OF SAVINGS TO MEET THEIR, SUCCESSORS’ FUTURE NEEDS, SINCE WE ARE LIVING UNDER UNSECURE FUTURE CIRCUMSTANCES. THEY WOULD LIKE TO KEEP THEIR SAVINGS IN LIQUID FORM OF CASH, RISK FREE DEPOSITS WITH POSTAL DEPARTMENT, BANKS, FINANCIAL INSITUTIONS SO THAT THEY CAN MEET THEIR NEEDS ON TIME […]
Read MoreISSUE WITH REGARDING PROPOSED COMPANY LAW
I am herewith presenting some of my personal views to be discussed with regarding the proposed Company Law. I. COMPANY LAW The Proposed Company Law has to consider the following issues: FACE VALUE OF SHARES: There should be uniformity face value of forms @ Rs.10/- each and should not have any other face values so […]
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