PRAMOD KUMAR
01 August 2014 at 20:00

Cost of acquisition of unlisted shares

Dear experts,
Mr. X was offered in FY 2010-11 ESOPS of 100 Shares of unlisted company valued by them @ 1000/=.
The company has deducted TDS @30%.
Mr. X has sold these shares in 2013-14 FY for
200000/- to Mr.Y in a private transaction as shares are unlisted.
My queries are:
1. What will be the cost of acquisition - 1000/- per share or 700/- per share?
2. What will be the capital gains?
3. Will indexation can be done for the same?
What rate is it to be taxed?

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CA dhanpat raj
01 August 2014 at 18:37

Gift after death

AFTER DEATH OF SENIOR CITIZEN GOLD TRANSFER TO HIS FAMILY LIKE SON, SON'S WIFE,ETC.
VALUE TO EACH ONE IS RS. 250000 WHETHER IS IT TAXABLE TO RECEIVER OR NOT ???????/

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Anonymous
01 August 2014 at 14:26

Additional depreciation

SIR,
A MANUFACTURING COMPANY INSTALLED PLANT & MACHINERT FOR RS. 10.00 LAC IN THE MONTH OF MARCH 2014
SIR WHETHER ADDITIONAL DEPRECIATION @10% WILL BE ALLOWED IN F.Y. 2013-14 AND @10% IN NEXT F.Y.2014-15 OR ONLY @10% IN F.Y.2013-14
SIR PLEASE GUIDE ME

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Anonymous
01 August 2014 at 14:20

Capital gain

A land purchased 4 years before, a building was constructed on it 3.5 years later. Now the total property was sold. how to compute capital gain when the land is under LTCG & building is under STCG period?

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Nitesh Kumar Sharma

Dear Experts,
Pls. discuss following query:

Father Mr. X gives Rs. 100000/- to his major son (Unmarried) on which son earns FD Interest of Rs. 1000/- per month.
Son has no other income.

What is the tax treatment in the hands of father & Son.
Will clubbing of income apply?

Thanks....

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R MEENAKSHI SUNDARAM

Pl clarify whether interest earned on fixed deposits from coop banks is taxable or exempt?

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Anonymous
31 July 2014 at 01:53

Servey u/s 133 a conducted

Dear Sir,
servey operation u/s 133a conducted by the department in fy 13-14. during this stock difference of rs. 45lk and cash rs 6.5 surrender by the assessee. total tax deposited.
I need ur guidence in filing ITR.
did i add stock in closing stock and increase net profit by rs. 45lk. and add rs 6.5 lk towards income from other sources.
Need your valuable advice how to deal with this case.

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DINESH BANSAL
29 July 2014 at 13:34

Gifting a car tax treatment

can anyone recieve a second hand car worth rs 650000 approx. as gift from a non-relative person without any consideration.
if no...can u suggest any other measure to show this car as gift by showing a little bit consideration in exchange.

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Anonymous
29 July 2014 at 10:50

Limit of e filling of return

What is the limit of E filling of return? what is the difference between annual income and gross income?

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varun.v
28 July 2014 at 11:54

Gift

whether the provisions of sec-47(iii) will be applicable irrespective of to whom a gift is made or it is applicable only in case the gift is made to a relative

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