long term capital gain holding period

News

Direct Tax Collections grows 19.1 percent upto July 2017


The Direct Tax collections up to July 2017 in the Current Financial Year 2017 18 continue to register steady growth Direct Tax collection during the said period net of refunds stands at Rs 1 90 lakh crore which is 19 1 higher than the net collections for the corresponding period of last year This co

Pass Percentage of CA IPCC May 2017


Details of candidates passed in Chartered Accountants Intermediate IPC examination held in May 2017 The details of percentage of candidates passed in the above said examination are given below Placed below is the data forChartered Accountants Intermediate IPC Examinationheld in May 2017 No of candid

Case study on birth of GST released


The Union Finance Minister Shri Arun Jaitley releases a Case Study on the Birth of the Goods and Services Tax GST in India The GST Saga A Story of Extraordinary National Ambition in national capital today A Case Study on the birth of the Goods and Services Tax GST in India The GST Saga A Story of Ex

Date for Cancellation of GST Registration extended upto 30th September


To address the concerns of taxpayers arising from Transition to the GST regime the Government decides to extend the time limit for filing intimation for Composition Levy filing of intimation FORM GST CMP 01 up to 16th August 2017 The period of applying for Cancellation of Registration is being exten

CA IPCC results to be declared on 1st August 17


IMPORTANT ANNOUNCEMENT The result of the Chartered Accountants Intermediate Integrated Professional Competence Examination held in May 2017 is likely to be declared on Tuesday the 1st August 2017 around 6 00 P M and the same as well as the merit list candidates securing a minimum of 55 and above mar

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Experts Opinions

input claims against igst supply


if an assesse supply the goods from one state to another and collect IGST for that weather he can claim input tax of CGST and SGST against that

Time period for taking gst input credit


Hi Team what is the time period for taking input tax credit

Income determination for a gym centre


Dear Sir I am running a Gym centre and on an average the fee collection is Rs 60000 pm Gross Now I want to file my ITR What is the percentage of income i have to declare as per Income Tax rules and how to determine Please share if any format to calculation the income and tax calculation

Accounting for telecom intermediary


I am a distributor of airtel I make payment to airtel say rs 100000 nd get 101000 rs Then i sell 101000 rs to retailers and get 100500 rs There is tax of 18 under gst How sell and purchase transaction should be recorded

Pre-registratin period invoive


If a person registered on 1st July 2017 had issued bill on 30th June received payment on 25th July 2017 is it necessary for him to pay GST on this receipt

Discussion

To pursue acca along with ca

DO I NEED TO SUBMIT FORM 112 TO ICAI IF I WANT TO PURSUE ACCA DURING MY ARTICLESHIP PERIOD

Attempt of ipcc and ca final attempt after termination

Hey guys I had registered in articleship in aug 16 through direct entry and terminated in may 16 I got a job so didnt get registerd until aug 17 Now i wish to give my ipcc attempt in nov 17 i Am i eligible ii Can i take sign of any CA iii Will my ca final attempt get postponed or i can do artcileshi

billing against ARN no. is possible.

whether a Gstin registered dealer can sold goods to a new dealer who has applied For new Gstin and got the ARN no please advise

Capital gain tax saving

How to save tax if I am selling long term capital asset

capital assest

how to capital assest set off

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File Download

  • Capital Gain

    Capital Gain A Complete Revision
  • Securities

    itr capital stock
  • No TDS on GST component of service remuneration clarifies CBDT

    Today the Central Board of Direct Taxes CBDT has issued a Circular No 23 2017 clarifying that wherever in terms of the agreement or contract between the payer and the payee the component of Goods and Services Tax GST on services comprised in the amount payable to a resident is indicated separately tax shall be deducted at source under Chapter XVII B of the Income tax Act 1961 the Act on the amount paid or payable without including such GST on services component GST for these purposes shall include Integrated GST Central GST State GST and Union Territory GST For the purposes of this Circular any reference to service tax in an existing agreement or contract which was entered prior to 1 July 2017 shall be treated as GST on services with respect to the period from 1 July 2017 onward till the expiry of such agreement or contract The CBDT Circular is attached here for your reference Please communicate appropriately to your relevant client group
  • Summarized transition provision u/s 140(1) & 140(3) of CGST

    The transitions provision in regard to c f and allowance of credit against stock contained under u s 140 1 and 140 3 are summarised as applicable in different cases
  • Profit and Gain from Business or Profession

    Profit and GAin from Business or Profession A Complete Revision With All Amendments

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Articles

Place of Supply under GST and determination of nature of supply


Introduction This article discusses in detail about place of supply its importance place of supplier of services recipient of service and determination of nature of supply under GST GST is Destination based taxation or consumption based taxation By Destination based tax we mean that the revenue accr


OMG again fail


The result of Final is declared oh again fail OMG what is happening there is much liberal result then also I am failed I had worked hard then also I am failed I had given more than three attempts then also I am failed on the other hand the student with less competence are passed the students who att


Amendments under the head "Capital Gain"


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


CG issues various CGST and IGST Notifications along with 5 Final Rules & formats


Moving swiftly towards the rollout date of July 1 2017 for the first of its kind mammoth indirect tax reform post independence in India the Central Government has issued certain Notifications under Central GST CGST and Integrated GST IGST all dated June 19 2017 Further the finally approved 5 Rules a


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


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Updated on : 8/21/2017 11:38:48 AM


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