long term capital gain holding period


Manner of determination of fair market value

F No 142 26 2015 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Dated 23rd May 2016 Subject Manner of determination of fair market value and

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Indirect tax collection grows by 41.8 percent in April 2016

Indirect Tax Collections During the month of April 2016 is Rs 64 394 Crore which is an increase of 41 8 as compared to the collections made in the corresponding Period Last Year April 2015 Excise Coll

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India revises treaty with Mauritius to tax capital gains

India and Mauritius sign the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains The Pr

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Strict action taken against non performing tax officials

Government takes strict action against defaulting non performing tax officials officers For the First Time 33 officials officers including 7 Group A officers prematurely retired for non performance an

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Income arising from unlisted shares taxable under capital gains

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 5th May 2016 Subject Taxability of Income Loss arising from Transfer of Unlisted Shares reg CBDT v

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Experts Opinions

capital gain

Hello sir one of the my client sale residential plot and purchased two plot in different location can he get exemption in capital gain section and if yes then in which section

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Removal of auditor from company before expiry of his term

1 what is a process of auditor removal before expiry of his term please reply with step wise process and which e form file in MCA and what is mandatory attachments

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Interest on statutory dues -prior period expense


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Capital gain tax on inherited property

I am jaydeep Gadesha I have query about capital gain tax I got 1 kg of gold by will of mother in year F Y 2015 16 I have sold it for 2700000 In that year only My query is what cost should I take for c

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Against form f

Receive Goods for Job Work Repairing Should we obtain Form F and File DS 2 Form Before Goods Entered in Delhi

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Carry forward losses in itr 2 - how to adjust gain.

CFL section of ITR 2 does not permit one to enter a negative number in any cell So my question is If there is actually a gain in a particular year in the past how do you handle it Leaving it blank wou

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Capital gains of sale of property

I had purchased a flat in FY 2009 10 for Rs 18 Lacs Stamp Duty Rs 90 000 Society Transfer Charges Rs 15 000 Renovation on Property Rs 2 Lacs No bills are there I am selling that Property in FY 2016 17

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Long term capital gain on stock in trade

long term capital gain arising on conversion of capital asset in to stock in trade wether exemption u sec 54F can be claimed

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Long term capital gain arising on joint venture

long term capital gain arising on entering in to joint venture wether exemption u sec 54F is available

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Capital gain

is it necessary to use full sale consideration for purchase oF new asset for capital gain exemption u s 54 for example sale consideration 29 lakh cost of sale asset 24 lakh then capital gain 5 lakh fo

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  • IND AS 23-Borrowing Costs

    Borrowing costs that are directly attributable to the acquisition construction or production of a qualifying asset form part of the cost of that asset Other borrowing costs are recognised as an expense An entity shall apply this Standard in accounting for borrowing costs The Standard does not deal with the actual or imputed cost of equity including preferred capital not classified as a liability


  • Important Notes On Assessment Procedure - IT Act 1961

    Important Notes On Assessment Procedure IT Act 1961 Download Income tax Assessment Procedure Notes Summary on important part of Income tax The File will be helpful for those students who appears in CA Final exam In this File only important areas of assessment and notice period of income tax are covered


  • Schedule II with Capital & Revenue Expenditure



  • IND AS12-Income Taxes

    The objective of this Standard is to prescribe the accounting treatment for income taxes The principal issue in accounting for income taxes is how to account for the current and future tax consequences of a the future recovery settlement of the carrying amount of assets liabilities that are recognised in an entity s balance sheet and b transactions and other events of the current period that are recognised in an entity s financial statements


  • IND AS16-Property, Plant and Equipment

    The objective of this Standard is to prescribe the accounting treatment for property plant and equipment so that users of the financial statements can discern information about an entity s investment in its property plant and equipment and the changes in such investment The principal issues in accounting for property plant and equipment are the recognition of the assets the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them


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When To Buy Term Insurance Policy

Life comes out with several surprises and is full of unexpected events ones that do not come with any warning There are a few activities that can cause a severe impact on your life in the form of seve

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Treatment of Capital Gains arising on sale of Residential Property

For all those persons who are buying residential properties and selling such residential properties at a later date a question which generally crops up in the minds is with reference to tax treatment

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ST - Interest rates changed again !

There are two provisions under Finance Act 1994 dealing with interest on delayed payment as given below adsbygoogle window adsbygoogle push Sl No Situation Section No 1 Amount collected as service tax

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Analysis on inventory turnover ratio & holding level

MANU CONVERSATION BETWEEN MANU AND VINU ABOUT INVENTORY TURNOVER RATIO HOLDING LEVEL VINU Manu Hi Vinu Vinu Manu I am desperately waiting for you Manu Why Whats the matter Vinu My Boss and his brothe

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Principles emerging from recent Advance Rulings on the term -Intermediary- under Place of Provision of Services Rules

The Place of Provisions of Service POPS Rules 2012 is the thin line which divides taxability and non taxability under the Service Tax Law These rules were aimed to consolidate the endlessly dispute on

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Updated on : 6/9/2016 9:48:27 AM

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