Others QnA - Page No 14150

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Darshan

14 March 2013 at 16:40

Grauity

Can an employee of a company which is covered under payment of gratuity act opt out of such payment?

DILIP

14 March 2013 at 16:34

Fixed asset

Sir,
Accounting S/W purchased for the firm or company should be recorded as exp of that year of as a fixed asset?

Mohamed Ismail Khan

14 March 2013 at 16:19

Form 60

Sir i want to know about Form 60

Anil

14 March 2013 at 16:16

Sir, we are registerd with excise since last year. we have cross our 1.50 crore limit in Dec'12. Now we are charging Excise in our Invoices. Sir, we have purchase a machine from china in Feb'13. We had taken cenvat 50% on Machine.

Sir, There will be a balance in our RG 23C Part II for Rs. 2 Lac Apx. Sir, Can this amount we claim from Excise Deptt. or can we use this amount to next year after 1.50 Crore Limit.

Ramya Mohan

14 March 2013 at 16:15

Capital gain u/s 54

A HAS SOLD HIS HOUSE PROPERTY FOR 93 LAKHS AND THE COST OF THE SAME IS 56 LAKHS. THE LONG TERM CAPITAL GAIN IN THIS TRANSACTION THEREBY IS ARRIVED AT 37 LAKHS. A HAS REPAID OUT OF THE TOTAL PROCEEDS A SUM OF 26 LAKHS TOWARDS THE HOUSING LOAN TAKEN.
QUESTIONS ARE:
WHETHER THE REPAYMENT OF LOAN WILL BE CONSIDERED AS AN INVESTMENT AS CONTEMPLATED U/S 54 AND THEREBY CAN HE AVAIL AN EXEMPTION UNDER THIS SECTION.