"A" purchases property at Rs.10 lakhs in june 2010. He dies in oct 2010. The Society transfers shares to his legal heir "B" in Dec. 2013. The legal heir sells property in Dec 2013 at Rs.16 lakhs. Their are 7 other legal heirs to "A" who authorised "B" for transfer and sale of this property.
Query-1) What will b the deemed owner value of purchase.
2) Whether heir will b liable for long term or short term capital gains.
3) Is there any tax liability.
4) In case there are 8 legal heirs (society transferred in name of one heir but this amount will be shared by 8 legal heirs) what will be the amount taxable in each heirs share. Pls. advise.

Dear Sir/Madam,

I have given 35 days extension from my principal and now i further not want to do extension with him for such 35 day. so now i hereby get to know that is there any provision that you will does your extension article ship with any other ca in practise and if yes so what is procedure for the same because one of my suggest me regarding this.

Thank You.

Dear Sir/Madam,

I have given 35 days extension from my principal and now i further not want to do extension with him for such 35 day. so now i hereby get to know that is there any provision that you will does your extension article ship with any other ca in practise and if yes so what is procedure for the same because one of my suggest me regarding this.

Thank You.

Is there any problem in filing revise return electronically with digital signature if the original return was filed electronically without digital signature

Sir,
I have submitted all the necessary documents and made payments related to Company Incorporation.
Following re-submission query they have send where I need your valuable opinion / Help:

1) AOA top heading mentioned C.A.1956.

The Draft MOA & AOA are as per Companies ACT 2013. I have also checked that in AOA it is clearly mentioned The Companies ACT 2013.

I am not able to understand the query and trying contact in ROC Mumbai 022-22811493 & 22813760, but no one is picking up the call

Kindly guide in this regard.

IF BUSINESS MAIN CENTRE IS OUTSIDE GUJARAT AND SALE IS MADE FROM OUTSIDE STATE BUT DELIEVERY IS MADE IN GUJARAT AND THE SALE IS MADE THROUGH ECOMMERCE BUSINESS EPAYMENT IS MADE FOR SAN=ME THEN WHETHER VAT IS APPLICABLE OR CST? PLEASE GUIDE US.

We have missed to enter a Purchase made on for Jan.2014 in Annexure IA - Interstate Purchase. Further we cannot get c-form through TNVAT website. May I enter the same bill in Feb.2014 Annexure IA and can get C-Form? Is the C-Form is valid in my seller point of view? (He is a registered dealer in Kerala)

As per circular no. 01/2014 dated 13-01-2014

In exercise of the powers conferred under section 119 of the Act, the Board has decided that wherever in terms of the aggrement between payer and payee, the service tax componient comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVII-B of the act on the amount paid / Payable without including such service tax component.

Now, if there is no such written agreement between payer and payee but in the bill the service tax is shown separately, then TDS will be deducted service TAx component or not???

gift tax applicability when a new car received against old car which was met with road accident while driving – currently my car is met with accident with other car . other car owner has admitted his careless and negligence. My car is insured. Other car owner has given a new branded car from indian dealer . New car's cost is more than the car's WDV. I took the insurance from the company and give this amount to the car owner. My queries is that is this transaction attract the gift tax ? Is income tax caluse applicable?

Dear Experts,

I am working with a Hydro Power Company. we have given our tunnel construction work to a contractor. Contractor is not charging service tax on bills .I want to know that :-
Q1 Should the contractor has to charge service tax on bill or Not ( & which rate )?
Q2 what will be our ( company's) liability of service tax.(which rate)?