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?
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.
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 ?
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?
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
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
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.
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
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 .
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.
All Subjects Combo (Regular Batch) Jan & May 26
Section 54 of income tax act