long term capital gain holding period


FM reviews performance of Public sector banks

The Union Finance Minister Shri Arun Jaitley to review the performance of Public Sector Banks PSBs on 12th June 2017 in the national capital The Union Minister for Finance Defence and Corporate Affairs Shri Arun Jaitleywill chair the meeting of CMDs CEOs of the Public Sector Banks 9PSB s in order to

ICAI imposes maximum penalty on CAs found indulging in misconduct during demonetisation period

The Institute of Chartered Accountants of India ICAI was seized of five cases against Chartered Accountants who have been found advising guiding in a manner encouraging money laundering during the currency Demonetisation period The Board of Discipline BOD of ICAI has completed its inquiry in four ou

IPC taxation paper bifurcated in two sections

It may be observed that currently Paper 4 Taxation of Intermediate IPC examination covers questions from both Direct and Indirect Taxes Candidates are required to write their answers thereon on a single answer book It has now been decided to bifurcate the above mentioned Paper 4 Taxation of Intermed

IT dept steps up actions against Benami Property holders

Income Tax Department Steps up actions under Benami Transactions Prohibition Amendment Act 2016 The Income tax Department ITD has initiated actions under the new Benami Transactions Prohibition Amendment Act 2016 the Act w e f 1st November 2016 The Prohibition of Benami Property Transactions Rules 2

Postponement of CA exams in Nepal

No 13 CA EXAM M 2017 I IMPORTANT ANNOUNCEMENT FOR CANDIDATES OF MAY 2017 EXAMINATIONS OF KATHMANDU CENTRE ONLY Postponement of Papers 5 and 6 of both Intermediate IPC ATC and Final examinations earlier scheduled to be held from 11th May 2017 to 14th May 2017 at Kathmanducentre on account of local el

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Experts Opinions

Omitted Capital Gain

Can an assessee show his income from capital gain in current a y if it is omitted in last a y return and last year return is not revisable

Short term capital gain

Sir Asses see s Income is 8 75 747 on short term capital Gain and Taxable income after adjustment minimum chargeable tax Rs 4 05 281 and special rate tax thereon 60 792 3 E Cess 1 824 and 234A Interest is 6 886 69 502 u s 111 a ST CG on STT paid When I am computing through filled up ITR 2 the system

Capital gains liability

My friend is considering sale of a residential property for 38Lakhs buyer wants a sale deed for 44Lakhs in order to be eligible for Loan fully But consideration is 38L only this house for purchased by him in 2003 for 7 lakhs including 1lakhs as registration In 2005 he took a loan of 1 82L against th

Short term capital gain

Sir By default on short term capital gain instead of normal rate special rate calculate on super senior citizen when I am filled up ITR 2 for A Y 2016 17 showing Sale of shares at Rs 8 75 747 as income taxable income after adjusting for Minimum chargeable to tax 4 05 281 on 15 ST CG 60792 E cess Rs

capital gain 54 f

I had purchased a under construction property 2 years back and was paying the promoter in installments I have sold a share of Pvt Ltd company and has received a long term capital gain today so can I use this whole consideration to pay the promoter now do I need to pay any long term capital gain tax


Capital gains from house property

my client is selling a house property can he claim this profit if in new property he is co owner and his name is 2nd in ownership plz reply asap thank you

Invalid xml. generate xml again using latest utility

Every Time I am trying to upload ITR 6 I get an error Invalid XML Generate XML again using latest utility I downloaded a new fresh file each time and then filled the same and uploaded but still I get this error And this is not the first time I am uploading the return earlier also I uploaded the retu

Royalty payment in nature of capital expenditure

SUPREME COURT OF INDIA CIVIL APPEAL NO 4918 OF 2017 Honda Siel Cars India Ltd Vs Commissioner of Income Tax Ghaziabad Agreement between two companies was to set up a joint venture company with aim and objective to establish a unit for manufacture of automobiles and part thereof this technical collab

taxation on capital gain bond u/s.54EC

interest received and sale consideration received on sale of capital gain bond are taxation or tax free

"tin registration cancelled by dealer" can be active again

TIN REGISTRATION CANCELLED BY DEALER HIM SELF CAN BE RE ACTIVE AGAIN FOR WORK AFTER 7 YEARS Read more at http www caclubindia com forum create message asp

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  • GST Top 10 Questions

    Example Of GST Calculation Frequently Asked Questions About GST Bill What are final GST rate slabs What are CGST SGST and IGST What are the differences between the UPA s GST and the NDA s GST What are the taxes that GST replaces What will be the short term impact of GST When will GST be implemented What is a constitutional amendment What are the finer points in the implementation of the bill What is the Empowered Committee What will become costlier and cheaper
  • CA Student Journal June 2017

    With A Capsule for Quick Revision on Paper 6 Auditing Assurance of Intermediate IPC Course and some important announcements updates
  • Deferred Tax impact of Borrowing cost & Forex fluctuations

    This article discusses the accounting and income tax treatment of borrowing cost forex fluctuations related to acquisition of capital assets and the Deferred Tax impacts related to the same
  • Form 61A Ready Reference

    Form 61A Ready Reference along with References for Rules 114E and CBDT Press Release
  • Capital gains

    Capital gains overview

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Filing of GST return by a normal taxpayer along with Rules and forms

Filing of GST return by normal taxpayer under GST along with Rules and forms in 10 simple points 1 Every person registered under GST will have to file returns in some form or other A registered person will have to file returns monthly normal supplier in GSTR 1 GSTR 2 and GSTR 3 2 A normal registered

Transitional Provisions relating to Credit of unavailed Cenvat credit in capital goods

As per section 140 2 of the GST Act company shall be allowed to carry forward the unavailed CENVAT credit on capital goods not carried forward in return for the period immediately preceding the appointed date The credit on capital goods shall be allowed only when it is allowable under existing law a

How to Utilize "Waiting for results" period!

1 If you have appeared for 1st group only a If your papers were not that good you have only one option to start studying again for the next exams without waiting for results Be honest with yourself b If your papers were very good and you are confident to clear Start preparing for 2nd group without w

Determine online the impact of GST on your clients

Determine online the impact of GST on your clients through www GSTimpact com GST has not only opened up a new world of opportunity for Chartered Accountants CAs but has also created an ethical professional obligation on the CAs towards their clients who specifically look up to them for guidance and

Changes in definition of inputs, capital goods and input services

As evident from revised draft the definitions of the input goods capital goods and input services have undergone a major change or lets say it has been simplified to the maximum extent possible In the current laws there are definitions containing specifications and restrictions to items and services

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Updated on : 6/19/2017 11:56:20 PM

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