Hello Experts.. My situation is somewhat typical.

I was living out of India till Dec 2004. No tax in India before that.

When I arrived to India in 2005 and brought my money from outside . I initially held FCNR( Foreign currency NOn resident) account which I broke and put money ( INR) in an NRO account.

Now I started living in India , doing a job and hence filed every years tax return as a resident Indian.

In 2008 , I bought some shares of a Private Limited company (It was a start up so Not listed) . Of course the money was what I brought from outside India but at the time I bought the shares I was resident Indian.

Since early 2011 I have again left India and came out so since early 2011 now I am again NRI.

Now the situation is that I am selling those shares of the private limited company. Since this is over 3 years of investment I think it will attract Long term capital gain. Question is How much?

Different forums are giving different answers. Some are saying that I can choose between 20 % after indexation or 10% without indexation but then other forum is saying that 10% without indexation is not applicable for Private Limited companies.

So does anyone know whether this is true (that 10% without indexation is not applicable for Private Limited companies) if yes does it matter if you are a resident or non resident ?

Then I also read somewhere that NRI can claim 10% without indexation if they have invested in "Specific Assets" which include "Shares of Indian Company". But my confusion is that When I invested I was resident but now I am NRI so what will be my position.

I know I have asked a lot of things and it might confuse you but if you are willing to help and want to get any clarification from me, please shoot....

Thanks in Advance.

A Friend

I have bought shares from a private limited company X, 2 years back. Now I fund that the share certificate has a field namely "Authorized signatory" and there is no sign under this. Is the certificate invalid without that signature? Can I do anything to make it valid?

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please tell me what is special adhesive stamp? from where it can be purchased ? and also what is the fees for it ?


thanks..

My Query is regarding claim of exemption U/s 54F of IT Act:

Whether exemption U/s 54F available if the assessee has entered into a PURCHASE AGREEMENT with a Builder for Purchase of Land and to construct house thereon within 3 years?

Means ONLY AGREEMENT TO PURCHASE is made & some portion of advance payment being made for land purchase.

Further land portion not registered till the due date of filling of ITR u/s 139.


EXPERTS ADVISE IS SOUGHT ON THE MATTER. REQUEST TO QUOTE ANY DECIDED CASE LAW ON THE MATTER.

Thanking You

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I have submitted my ca final may 2013 exam form by courier. Whether i must submit form again by speed post/ registered post? Please reply urgently

I have to file a belated return u/s 139(9) and there is a penalty of Rs. 5000/- on it.
Please let me know that when and how i have to pay this penalty.
And if i take this much amt. from client and will not pay to deppt. what are the consequences??
Please Reply
Thanx.

Hi,
I want to be a merchant exporter,And want's to Export Orthopedic Implants & Instruments.
I am having confusion regarding FDA certificate, Manufacture are using FDA certificate while doing this Export. Is there any way for merchant exporter to export Orthopedic Items, without using FDA certificate.

kindly give feedback ASP.
Or Mail Me sandy_00793@yahoo.com

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Our client has mentioned under 'commodities dealth in" in the applicationf or TIN as RO/UV Water filters. Now he wishes to expand his business by dealing in other home appliances as well. Is this ultravires the KVAT Act? Or should he apply for a new TIN to deal in a different set of commodities? Kindly provide me with a response.
Thanks in advance.