Mrs X had purchased land before 1.4.81 and constructed building on it(Grnd + 2). Her sons formed a partnership firm in say year 2000 for constructing additional 3 floors by acquiring a TDR from XYZ ltd.Mrs X passed away in the year say 2004 and by will the property passed in favour of her sons.Now they have retained the 1st floor for their residence and the rest have been sold in the year 2006. so my question is:-
a)how do i calculate capital gains tax ?

b)the firm in its B/S shows that it follows Project completion method but have not recognized revenue according to the said method so far and the land and the buld is not trf to firm. so should partners trf asset at book values and then calculate capital gains tax or.....?

Plz help me out with this query of mine ASAP!!!

Assets has been puted into the floor of factory,but no commercial operation is yuet started .Can I claim the depreciation.AO is questioning on Put To use.

Whether the deduction under section 80 C for life insurance services availed will be available of the gross premium paid or amount net of service tax if the breakup of the premium charged is mentioned in the Life Insurance receipt.

if we have purchased an item of sales promotoion and paid excise on that so,whether we have to pay FBT on aggregate value or value exclusive of excise.

Recently ITAT-Jaipur has given a judgement in the case of Maharaja Umed Mills that Deferred Tax Provision should not be added while computing Book Profit u/s 115JB for the purpose of MAT. Whether ITAT is right in holding that decesion?

Please provide your comments and advice.

What is trhe definition of employees based in India under FBT ?

What will be the tax treatment in the hand of salaried employee for allowances paid by company when he was/is outside the country.

DO THE SECURITY PAID FOR GETTING TELEPHONE SERVICES TO MTNL FALL UNDER THE PURVEIW OF FBT.

hi all
plz tell me how can i find the interest calculator on this site?
thx

Hi,

I have one FD of Rs.50,000.00 for which i have claimed deduction u/s 80c and now i want to gift it to someone in blood relation.

1. Can i do so?
2. What will the tax treatment in my hand and on the hand of the receiver?
3. Will there be any difference in your opinion if donee encash FD only after the fixed period?