I have read that

1. If there is gain on sale of commodities then 60% of this gain will be treated as LONG TERM CAPITAL GAIN and 40% of this gain will be treated as SHORT TERM CAPITAL GAIN.

2. And period of holding does not matter in case of commodities like in case of securities

3. I have also come to know from another source that the gain from the commodities will be treated as income form other sources.


now I am confused and want to know that if there is gain on sale of commodities then whether it will be a short term capital gain and long term capital gain or it will be treated as income from other sources.

please confirm is service tax applicable on consultancy if yes - why if no - why please confirm

Sir I pursuing CA-CPT I gave my attempt which were held in dec-2013 but iam not qualified i secured 88 out of 200 marks failed with aggregate marks what do you suggest

How to pay return..i.e tds ,vat etc

i have sold my commercial shop for rs 5lacs in ay 11-12 which was purchased in ay 6-7 year for 2.70 lacs the difference of rs 2.3lacs has been invested in residential property in ay 13-14 the whole amount so what if any my tax libalites to pay

Sir ,
Assesee's(Indivisual) gross Income for FY2012-13 is Rs 545000.
80C deduction is Rs. 50000
Hence Net Income comes to Rs. 495000.

E-filing of return is compulsory in above case.?
Thanx in advance

one of my client received ancestral property under partition on 15th Dec 2012 as per record of rights. Assessee sold the same property on 10th March 2013. 1. Whether it is a short term capital gain or long term capital gain 2. How to take the cost of acquisition. 3. cost of the previous owner is 100 years old property. 4. whether to take value as on 1 4 1981 5. Whether cost Index is applicable 6. How to calculate profit on sale of the property. Please clarify 3. value of the previous owner

Dear Members
X Co. Ltd. paid TDS on Director's Salary Rs. 5,00,000. But after correcting errors it was payable only Rs. 2,00,000.
How to claim Rs. 3,00,000 refund by company? Kindly give me full details about this process.

Dear All, I want to ask that in under RCM method on CAB hiring service receiver needs to pay tax by two method one is 40% of total liability if provider is not claiming abatement and 100% of total liability if service provider is claiming abatement. Now the issue is if provider is not charging any thing on invoice or if he his unregistered cab provider in that case how much receiver needs to.pay whether full 12.36% or 4.94%. Please justified with full clarification don't copy paste the notification.

friends can u pls tell me whether a company can take credit for service tax paid on installation charges charged by seller of ups when paid on purchase of UPS(capital) or it will include in the cost of product.