Query:- If somebody invested in residential house in section 54 or section 54F within the time limit and claimed the exemption under section 54/54F and later on due to some problem i.e. like cancellation of flat booking due to defects in title and the assessee invested in the capital gain scheme after 2-3 months.
Now query is :
1)whether assessee is still getting the benefit of Section 54/54F or not?
2) What is the time limit to deposit the amount of capital gain into capital gain scheme after such cancellation of flat due to title defects or some other reason?

Please reply the experts here or reply to us on pragnesh91980@gmail.com.

We are awaiting of expert's view from CAClubindia who is having a members around 12.83 lacs.

thanks

pragnesh shah
pragnesh91980@gmail.com

I have uploaded TDS & TCS Return For the period from April 2013 to March 2014 for all quarter & have downloaded TDS Certificate Form No. 16 & 16A for all quarter from Traces Web Site. But I can't able to download TCS Certificate Form No. 27D from Traces Web Site. So, tell me how to download Form 27D from Traces. Please advise.

Is their any provision for submission of Statement of affairs along with return of income in case of individual...

Hi,

During FY 2014-15 , I have Net Loss of INR 65000/- approx from F & O transactions.

My turnover during the period is around 4 lakhs.

Whether maintaining books & audit of same will be required for claiming & carry forward of F & o Loss

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Dear sir,
I would like to know that I booked a Safari through a Hotel with same package details like below
INR 10,000/- for Hotel room charges
INR 5000/- for guide charges arranged by hotel
INR 30,000/ for safari charges arranged by hotel.
and bill received from same Hotel only.
So kindly advice me on this matter will i deduct the TDS on the payment of Safari and guide charges.

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Dear Experts,

I need your valuable suggestions regarding IFRS. I am working in a PVT LTD Co. in Accounts.
I am planing to go for IFRS but confused whether this will help me because the Implementation of IFRS in India is still unclear.
Since 2009 most of the students completed IFRS but not many got opportunity to work in IFRS and not many got advantage/appreciation in their jobs for doing IFRS.

Also, If you won't suggest IFRS now then should I go for CIMA.

Best Regards

I want to know whether any changes has been made in this rule??? i have heard that the requirment of calculation using 2.5% for each quarter has been abolished???

SECTION 54F AND HOUSING LOAN
can 54F be claimed?
1.Building sold on 02-05-2014 Rs.65,00,000
2.Residential house constructed on 31st July 2013. Value Rupees 80,00,000
3.Housing Loan amount is Rs. 15,00,000.
Can 54F be claimed?

Dear Sir,

We have purchased a machinery of Rs. 1 lacs as the machinery was not delivered at the specific time, we have deduct Rs. 10,000.00 as delay penalty from vendor and paid Rs. 90,000.00.

Should we book Rs. 1 lakh or Rs. 0.9 lacs in fixed assets account.

Kindly suggest.

Regards,
CMA Arvind Aggarwal

hi all my dear friends and experts. I have cleared my ipcc and I have started my articleship two months ago, now please guide me about the studies for ca final. Which teachers are good to take coachings from? Do I take the coachings of all subjects or some selected subjects? Do I opt for single or both groups for final exams? Please reply ASAP ? And I live in Delhi.