when we say that sale is completed according to income tax to calculate year of charging in capital gain or in other cases???

The Assessee has income from long term capital gains to the tune of Rs.70 lakhs from sale of residential property. date of sale may 2010. Further out of the sale proceeds, He invested in purchase of Bonds & debentures and earned short term capital gains and subsequently he redeemed all his short term investments and invested in purchase of Long term capital asset ie., purchase of residential property and claimed the exemption u/s 54 being completed the transaction before the due date of furnishing the returns. ie., 31-07-2011. Now the case got selected for scrutiny. The assessing officer states , since the assessee has invested in short term capital asset after he got the sale proceeds,, exemption u/s 54 cannot be entertained although he has invested in purchase of residential property subsequently before the due date of filing returns. Whether the A.O. justified in denying the exemption u/s 54 merely because the assessee invested in short term capital asset and subsequently in longterm capital asset without assigning any other reason or any supportive case law. please advise and any case law to support this case.

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SIR,
I HAVE WRITTEN BCOM(FINAL) EXAMS IN THIS MARCH AND RESULTS FOR THIS MIGHT BE DECLARED IN MAY.
I WOULD LIKE TO KNOW WHETHER I CAN JOIN ARTICLES(DIRECT ENTRY BASED ON BCOM)NOW BEFORE RESULTS FOR BCOM ARE DECLARED.???

Dear Sirs,
I am a manufacturer exporter registered with the Central Excise. Under which form should I procure my raw material in lieu of duty from registered excise manufacturers ?and how do I export these goods so as to avail duty drawback benefits under schedule B ?
Can I procure material using Ct1 and then export them vide Are 1 or this is only available to merchant exporters?
Thank You in advance,
Regards,
Anil

Hello experts , one of my friend manufacturers bakelite handle of cookers . bakelite handles are heat resistant handle used in utensils . as far I understand he is manufacturing a product so excise duty will be applicable . but the question is , is there any exemption on such bakelite handles .

Does the above mentioned one-year program create any difference in mba admission after ca???

I just registered for ipcc, i wanted to know when can i join this b.com program by IGNOU? now or after ipcc?

Thank you.!

What is the meaning of lineral asendent and lineral descendent in gift tax ??

hello,

last date for submitting cs exam forms is 25th march....so wanted to ask that i had scored 60 marks in forex & treasury management in my last attempt and also claimed for it,but unfortunately did not clear the module...so want to carry forward exemption in the coming attempt...is any details required to be submitted with the online examination procedure...or such exemption is automated until its withdrawal?? pls reply to this ques

regard

I took 85 days leave under my first principal and now 90 days leave under 2nd principal...so please help me to find out excess leave ,if any. and if there is extension then its required to submit form 107 with franking..franking should of which date i am continuing articleship (as extension period)after completion date.please hlem..frst have to submit 108?plase help me...