Ankit Jain
20 May 2013 at 17:38

Section 54 of income tax act

Mr. X, a Non Resident has sold a resi. property(A) in FY 2012-13 and earned Capital Gain of Rs.70 Lacs. Mr X already owns another resi. property(B) in India. Mr X wants to invest his capital gain amount in order to claim exemption.
No the query is:

1. Is exemption u/s 54 is applicable to a Non Resident?
2. If Yes for 1. , then can he claim exemption if he invests the gain in another resi. property(C) when he already owns another resi. Property (B)?
3. If yes for 2. Then can he buy a property abroad and claim exemption?



Anonymous
20 May 2013 at 17:34

Guidance.

As an individual tax payer, which type of taxes are paid under advance tax, self assessment tax or regular assessment tax? Please give me guidance.


Sunil Bagade
20 May 2013 at 17:23

Excess tds

WE HAVE PAID EXCESS TDS,IN Q4 OF FY 2012-13, BUT WE HAVE NOT SHOWN IN Q4 RETURN.

1. CAN WE USE IT FOR NEXT FY. ?
2. IS IT WE HAVE TO SHOW IN THE RETURN ?
3. OR ELSE ANY OTHER WAY TO USE THE AMOUNT OR REFUND ?



Anonymous
20 May 2013 at 17:22

Career options

Hi I am a chartered accountant working as Finance,Accounts manager in pvt co.although I got enough salary in this company I am not satisfied with the monotonous work I am doing every day,I want something challenging task which challenges my mind.
I have heard regarding two options 1)Management consulting
2)System Audit
I don't know much about both,can someone put light on these two options extensively?


Shagun Sharma
20 May 2013 at 17:21

About ca final studies

My Ca final attempt will be going to due in November 2014 but i havent started my studies so can anyone guide me that whether I will be able to clear my exams, actually i m really demotivated regarding this, so please provide the solution


CA SHASHI KUMAR CG

Dear Experts,

Last month ST return was filed which is not visible in aces website. Kindly help out in finding out the same. Also help me to find out the status of my return? this is for the period April to June, 2012



Anonymous
20 May 2013 at 17:16

Service tax

we have recd the rent of immovable property gross amt. rs. 205000 per mth and tds deduct by tenent 20500 please tell us the our service tax liability and amt.



Anonymous
20 May 2013 at 17:05

Cs reponse sheets

Plz refer guidance

i m a student of cs & already passed both groups of Executive without sending their response sheets . Is there any problem if i send it now ?

plz answer its urgent


neha
20 May 2013 at 17:03

Income tax return query

I have query that in case in income from other sources head there is bank interest income, fdr interest income and other income(there is no bifercation frome which source other income earned) in income tax computation than which income tax return should filed either itr 1 or itr 2? Pls solve query with reason .


SuYoG Shaha
20 May 2013 at 16:58

E filing of tds return

Hello..
I'm using Taxbase software for filing e-tds returns. I've updated all the data i.e. quarterwise challan details etc in Taxbase software. But now what is the next procedure to file return of last quarter of FY 2012-13 by using TAXBASE software.
Pls let me inform in detailed steps, as soon as possible. I'm very much in need of that.
Thank you so much.





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query