capital gain notes ipcc

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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

Restriction of Rs 2 lac on set-off of loss from House property


Section 71 of the Act relates to set off of loss from one head against income from another In line with the international best practices it is proposed to insert sub section 3A in the said section to provide that set off of loss under the head Income from house property against any other head of inc

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Ipcc


IS THERE ANY CHANGE IN SYLLABUS FOR EXAMS OF IPCC II MAY 2017

Capital gain on sale of land


A LAND WAS PURCHASED IN 1992 FOR RS 12000 SOLD IN APRIL 2014 FOR RS 1500000 WHAT WILL BE THE CAPITAL GAIN ON SALE OF LAND INCOME FROM FIXED DEPOSIT IS RS 85000 WHAT WILL BE THE TAXABLE INCOME AND HOW MUCH INCOME TAX TO BE PAID IN THE YEAR 20014 15

Minimum authorised capital


Dear experts please spare your valuable time and clarify following points 1 what is the minimum authorised capital requirement as per name of company like for words INDIA INTERNATIONAL BHARAT in proposed names of company kindly share the circular if any thanks in advance

Last date of export against advance licence


This Query is in reference to the our Advance Licence which was issued to us on 09th September 2015 As per the condition of this Advance Licence first we have to import and then export to discharge its export obligation within the time frame of 90 days from the date of filing Import Bill of entry Si

how to capitalize office renovation work ?


dear experts recenty we are renovate our office and create some extra cabin also and some labour bill also including in this works my quiry is can we allow to used this exp to capitalize if yes than under which head we show to assets can we used also labour exp to capitalize

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Re-registration & exam form ipcc

A Student of IPCC wants to appear for May 2017 Exam His Registration is expired as 4 years has elapsed since registration Now Exam Forms Last Date is 27th Feb without Late Fees And for Re Registration he have to Fill a Form and Make a DD and Send to Regional Office Kanpur And its not Possible to get

To avoid short term capital gain

Is that have any deduction other than basic deduction of income tax to avoid short term capital gain indubumb gmail com

Want to change examination center for ipcc

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Last date of export against advance licence

This query is in reference to the Advance Licence which was issued to us on 09th September 2015 As per the condition of this Advance Licence first we have to import and then export to discharge its export obligation within the time frame of 90 days from the date of filing Import Bill of entry Since

ICDS applicability from may 2017 exams for final and ipcc students

The Central Government had vide Notification No S O 892 E dated 31 3 2015 in exercise of the powers conferred by section 145 2 notified ten income computation and disclosure standards ICDSs to be followed by all assessees following the mercantile system of accounting for the purposes of computation

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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


India adopts "thick" approach to Thin Capitalisation in Budget


Finance Bill 2017 has introduced new Section 94B for limiting interest deductions in certain cases This is a welcome step by the Indian Tax authorities in their commitment towards applying the BEPS principles Assessees covered The newly inserted section applies to those Indian Companies PE of foreig


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Updated on : 2/24/2017 6:51:11 PM


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