can any gain from redemption of debentures considered as capital gain in the hands of debenture holder?

for eg: if i got Rs 12000/- as gain from redemption of debentures (sale consideration is Rs.42000/- and cost was 30000/-).whether it is a capital gain(long term)or premium on redemption?

kindly reply with the tax applicability of the same.

Dear Sir,
if an employee resigns or expelled within a year of joining, what should be tax implication
1. should we deduct TDS on leave encashment
2. would relief of Sec. 89 be allowed.
3. in case TDS is deductible which employer has to deduct current employer or previos employer

At what rate of income tax to be paid by the Trust having not registered under section 12A of the IT Act on its Total Income.

If the Grosss receipts of that Trust exceeds the prescribed limit specified under 44AB, whether it is required to conduct tax audit

good morning experts
we are exciseable unit we purchase packing raw materaial with excise duty. then sir which register we will use is it RG-23A Pt.-I or please help

Tds on interest on security deposit by consumer

I was send my Article registration form 103 on 30/04/2013.But I was nt registered as yet.
Actually a Letter Send by the ICAI to My sir, about the details of article students in his jurisdiction. In that a article student who actually terminated is also showing as 10th Member. But in registration link with my Sir member ship number showing he is terminated.

Sir,
I have commenced new business of manufacturing machineries, which takes more than one year of time to get manufactured.

My query is the accounting treatment of all the expenditures incurred by me in a year, if i accounts all the expenses in same year the there will be loss as i have still not booked by sales.

Also as per matching concept, expenses is to be matched with revenue.

what should i do ?

How residential status is determined under companies act 1956 for filing DIN application?? is it same like Income Tax act??

I want to know that in Pvt, Ltd. Statutory Audit, 3AC & 3CB Required Or Not.

Dear All,

Please tell me how to pass the entries for chit

Ex: X started 1.00 lakh chit in june'13 and pay the monthly Rs.5000/- and chit lifted in Aug'13 for 18,800/- and recd the money 71,200/-.

how to pass the entries in books of accounts

Thanks & Regards,

sekhar