I had brought a residential flat in Jan 2007 for Rs 20,00,000/- and now selling(Nov 2010) for Rs 37,00,000/-. I do not want to reinvest the amount in another house but want to use the full amount for starting a business. How much tax will I have to pay in my case in order to use the full amount.I am presently unemployed since Feb 2010.

An indian firm (wholly setup in india) is providing consultancy services to company setup in Liberia. As per liberian taxation rules that company deduct 6% witholding tax from the service charged by indian firm. my questions are as follows:
1. Will that income is taxable to Indian firm?
2. If yes then can indian firm get witholding tax benefit which is deducted by liberian company?
3. Is there any agreement or any taxation rules that cany be referred in correspondence to this?

i have revised etds return of F.Y. 2008-09 quarter 2 once now i want to again revise that return, pls tell me the procedure to do so.

A pvt comapny has given guest house to its director .can guest house expenditure (like Rent,maintainance exp, kitchen expenses) will be allowed as an expenditure as per IT act /Company act?

What is the tax implication on director

Pls clarify

Regards
Madhuraj

Query: As per Section 10B of Income Tax Act, - apart from other conditions mentioned in section 10B one of the condition is deduction is available only to those business which is not formed by splitting up or reconstruction. So my query is what does the word RECONSTRUCTION means? If a propritorship firm is converted into Partnership firm does this tantamount to Reconstruction? Propritorship firm created in 2003-04 and converted into partnership firm in 2004-05. Are there any case laws available on this issue?

if a house property is self occupied so its value shall be decided as on valuation date.

Hello sir,

A employee journey done by himself and his son (Air Ticket cost Rs. 19,212/-) and other journey after two month (wife & Son Air Ticket cost Rs. 12,874)by Air.

My question is that whether concerned person is elligible for exemption for both the journey.

Hi ALL

I want to dissolve a partnership firm "at will" which carries out the business of investment in shares ans securities. I want to know procedure for dissolution of partnership firm with minimum tax liability

The Finance Act, 2006 amended s. 80P whereby the Co-operative banks were not eligible for deduction. My query is that whether co-operative banks may be treated as primary agricultural societies/ rural development bank to claim deduction u/s 80P as they lend money to their members who are agriculturists and also carrying out the activites of development in the rural areas.

X is a citizen of India. Is working in US since 3 years. He has ESOP shares of American Company. He is planning to come to India in this year. He wants to sell those shares after coming to India once he gets good price of his shares

Whether gain is capital gain? Whether this gain is deemed to be arised in India or US? what is nature of treatment?