capital gain notes ipcc

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Disclosure of specified bank notes in auditor's report


Regarding disclosure requirement and reporting requirement in the Auditors Report that the company has provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8th November 2016 to 30th December 2016 We would like to

Revenue department exceeds revised Tax collection target of 2016-17


Revenue Department exceeds Revised Tax Collections target for 2016 17 around 18 taken together in case of Direct and Indirect Taxes Provisional figure of Total Tax Collections in 2016 17 is Rs 17 10 Lakh Crore as against the Revised Target of Rs 16 97 Lakh Crore Direct Tax collections up to March 20

CBDT invites comments on notification issued to stop misuse of long term capital gain


Central Board of Direct Taxes requests for stakeholders comments on draft of Notification to be issued Under Section 10 38 of the Income tax Act 1961 Section 10 38 of the Income tax Act 1961 the Act prior to its amendment by Finance Act 2017 provided that the income arising by way of a transfer of l

Govt to conduct trials with plastic banknotes


Government to conduct field trial with plastic banknotes at five locations of the country Approval for procurement of plastic substrate and printing of bank notes of Rs 10 denomination on plastic banknote substrates conveyed to RBI It has been decided to conduct a field trial with plastic banknotes

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

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Experts Opinions

Notes of Drafting for CS Professional


Is anybody having notes of CS professional Drafting Appearances and Pleadings

Ipcc _ Auditing & assurance


Hi Im going to write CA IPCC in May 2017 Im feeling quite difficulty in Auditing and assurance paper If i go through Practical manual book it contain 30 to 50 question in each chapter So could anyone plz help me out in this matter like how to study what topics are more relavant for upcoming exam so

Capital gains


whether gold monetization bonds are applicable for indexation benefits or sovereign bonds are applicable

Capital gain


I HAVE SOLD MY HOUSE IN F Y 2016 17 AND RECEIVED WHOLE CONSIDERATION PURCHASER WANT TO ENTER INTO SALE AGREEMENT AND NOT READY TO MAKE DASTAVEJ OF THE SAME 1 IN WHICH YEAR I HAVE TO SHOW CAPITAL GAIN I E SALE OF HOUSE 2 IN SUCH CASE WHAT IS THE TIME LIMIT TO INVEST IN NHAI BOND

Ipcc exemption procedure


How to prepare for itsm

Discussion

QUERY REGARDING CAPITAL GAINS

MY CLIENT PURCHASED A NON AGRICULTURAL LAND IN 2011 FOR RS 30 LACK HE SOLD IT IN 2016 FOR RS 55 LAC WHICH CAPITAL GAIN WILL BE APPLICABLE IN THIS CASE AND WHETHER IT WILL BE SHOWN IN INCOME TAX

Exemption under capital gains

Dear All My father sold a property on 3rd nov 2016 and registry had been done on the same date value of the property is 2 80cr payments terms mentioned in the sale deed via post dated cheques on diffrent dates till august 2017 On current date he paid 85 lacks rupees he is also violating the sale dee

Notes of Drafting for CS Professional

Is anyone having notes for the subject Drafting Pleadings and Appearances of CS Professional

Movement of capital goods

Dear sir we are doing construction works under works contact and having 15 states VAT regulation we have yard at Chennai where we kept our capital goods once we got the project at any state we are moving our capital goods to the particular state to execute the work movement of capital goods and othe

Capitalisation of insurance amount on mobile phone

HI Everyone Our company purchased a mobile phone for our Managing director Since Its a company property we capitalised the same in our books of accounts My Query is Do we need tocapitalise the insurance amount also Thanks in advance Shib

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Articles

How to deal with CA IPCC Audit


Hello friends I discussed about how to tackle CA IPCC tax on my previous article Now I will be discussing about strategy to crack the audit exam Getting good marks in audit may not be everyones cup of tea Because it needs a lots of patience understanding of the subject good strategy as well as prese


A big gain in Section 45(2) of Capital Gain


All cases related to conversion of capital asset into stock in trade are dealt by Sec 45 2 of Income Tax Act 1961 at any point of time Whenever a capital asset whether short term or long term is converted into stock in trade by an assessee it is deemed as transfer of capital asset and attracts capit


Reduction of share capital


Legal On 07th December 2016 Ministry of Corporate Affairs MCA has vide its Commencement Notification notified various sections of Companies Act 2013 Section 66 which is the governing provision for Reduction of Share Capital of a company is one amongst those sections notified on 07th December 2016 MC


Foreign Currency Borrowings - 'Exchange Loss Capitalization' - Ind-As/ IFRS


This article is based on some queries received from some of our readers who actually encountered some practical gaps while dealing with exchange loss derived in foreign currency borrowings and its related capitalization The content and facts of the case mentioned below has been modified to the exten


How to tackle CA IPCC Taxation?


Hello IPCCians Be not afraid of anything you will do marvellous work Have belief in yourself I will be sharing here how to face the subject and how to prepare for your exam First of all I would like to say that tax is a high scoring subject and you can get above 60 with a well prepared strategy I ha


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Updated on : 4/25/2017 8:47:17 PM


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