capital gain notes ipcc


Ajay Tyagi takes charge as Chairman, SEBI

Shri Ajay Tyagi took charge as Chairman Securities and Exchange Board of India today Prior to this Shri Tyagi was Additional Secretary Department of Economic Affairs Ministry of Finance Government of India handling the portfolios of Capital Market Division Investment Division Infrastructure Division

Harsh punitive action to be taken against Shell Companies

Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts striking off the names of dormant companies invocation of Benami Transactions Prohibition Amendment Act 2016 A Task Force set up under the Co chairmanship of the Revenue Secretary and Corporate

Disallowance of depreciation on capital expenditure made in cash

Under the existing provisions of the Act revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable as per sub section 3 of section 40A of the Act except in specified circumstances as referred to in Rule 6DD of the Income tax Rules 1962 However there is no provision t

Startups can claim deduction within 7 years now u/s 80-IAC

Extending the period for claiming deduction by start ups The existing provisions of section 80 IAC inter alia provide that an eligible start up shall be allowed a deduction of an amount equal to one hundred per cent of the profits and gains derived from eligible business for three consecutive assess

Base year shifted to 2001 from 1981 for computation of capital gains

Shifting base year from 1981 to 2001 for computation of capital gains The existing provisions of section 55 provide that for computation of capital gains an assessee shall be allowed deduction for cost of acquisition of the asset and also cost of improvement if any However for computing capital gain

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Experts Opinions

Capital gain tax and gift

Dear Experts Need your suggestion Mom wants to sell her house property to daughter but to avoid the capital gain tax on sale they are making an arrangement to prepare two gift deeds Long term capital asset One mom will gift house property to daughter and other one is daughter will gift money conside

How to start again (8th attempt for ITSM&AUDIT)

hi friends Please tell me how to prepare for Audit ITSM for MAY 2017 exams This is my 8 th attempt I don t know where I am lacking in preparation every attempt I failed just by 10 marks around Please provide me Subjects wise topic wise guidance and also tell me how can I effectively utilize these 50

IPCC may 2017 Doubt

How to study Vouching and verification for IPCC MAY 2017 Is there any logical way to study it

Query regarding save tax on long term capital gain

I have sold a residential plot which is jointly owned with my wife We both are working tax payers Last year we jointly purchased a Flat and we will pay the instalments for next 3 years As per Section 54F one can invest in property which have purchased 1 year before We want to invest our long term ca

Minimum Paid up Capital

What is the minimum paid up capital of private company nowadays


How to start again ?( 8th time I Am going to attempt(Audit&ITSM)

hi friends Please tell me how to prepare for Audit ITSM for MAY 2017 exams This is my 8 th attempt I don t know where I am lacking in preparation every attempt I failed just by 10 marks around Please provide me Subjects wise topic wise guidance and also tell me how can I effectively utilize these 50

Transfer of a capital asset other than house propery

My client hasSold a shopfor Rs 1750000 and deposited the cash amount in bank But papers are available only for Rs 300000 Not filed the ITR even Invested the sale proceeds in purchasing a land Received a income tax notice attached herewith How to deal with it Please guide Its urgent I shall be thankf

Treatment of cc against property in balance sheet?

An assessee took outa CC limit from a Bank against mortgage of property at the beginning of the year How to show it in Balance Sheet at the end of the year How much to show in liab side and how much to show in assets side Please help Thanks in advance


Does anyone has SEBI LODR handwritten notes by Pankaj Garg sir specially aldine current batch students

Tax on short term gain on shares

I am salaried employee in PVt ltd company I have purchase and sold shares in F Y 2016 17 What will be tax rate for the said short term gain Will i have to pay this tax if my total income including salary is below taxable limit How can I show this gain in IT return form

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Effect On Capital Gains By Shifting Base Year

The Key Point In The Budget 2017 18 For Calculation Of Capital Gains The Base Year is Shifted From 1981 82 To 2001 02 Now The Question Arises That On Shifting The Base Year The Tax Payers Will Have To Pay More Tax Less Tax Or Shall Have No Effect In Terms Of Long Term Capital Gain This Is What I Thi

Complete Methodology To Crack CA IPCC in May 2017

I am writing this article on the basis of my 3 years experience in CA IPCC I have mentioned some tips tricks which are purely based upon my experience The following points are purely my opinion not a standard code of conduct This is what I believe a right approach to crack the examination Now you mu

IPCC Group II preparation tips

Hello Friends I have recently cleared my IPCC 2nd Group in November 2016 exams This post is for those students who await exams in upcoming months The below given advices have been given from my own personal experienceand I thought it would help the students to clear the exams Lets Start with the 1st

Is the capitalist economy the way forward for the World ?

The recent sequence of events have sparked a debate among people of all classes IS CAPITALISM THE WAY FORWARD FOR THE WORLD Which sequence of events am I talking about Modi Election in India Brexit Donald Trump Election in the Worlds oldest democracy When we think of capitalism we think of only one

Audit Amendments Notes for May 2017 Exams

CA IPC Audit Amendments May 2017 Amendments Company Audit I Sec 139 to Sec 148 1 Sec 139 Rotation of Auditor Old Provision Provided also that every company existing on or before the commencement of this Act which is required to comply with the provisions of this sub section shall comply with the req

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Updated on : 3/19/2017 2:28:10 PM

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