Purchased a Firm House at Rs. 7.80 Lacs in 2002. Sold out the same in 2012 for Rs. 1.80 Crores. The assessee has also exchanged another bungalow at the cost of 1 Crore in 2012. One Builder has agreed to issue bill of Rs. 80 Lacs for two bungalows build on that firm house. The assessee has already owned more than two residential flat and land in his name.
Please suggest me regarding the Cost of Purchase and the taxability of the same.

We have some imported goods. and the question is whether to apply exchange rate as per rate specified by RBI or as per rate specified Bill of entry. Kindly specify the provision and Act if possible.

Thank you

namaskar sir,
can you please tell met the due date for the second halfyear of 2011-2012, after any extension.

Sir,
What is the rate of TDS to be deducted from : Rent - Plant & Machinery, please advise, with thanks.

P. RAJASEKHAR

Please tell me whether there will be exemption u/s 54F if I sell two plots and with that consideration I purchase a residential flat.

If yes, how to bifurcate the cost of new residential house in the consideration of different plots.

Hi,

I received a communication from my employer stating that I can claim interest deduction up to Rs. 10,000 on Savings Bank account. It has been also mentioned that it will be treated as "Other Income". I am failed to understand how does deduction help me in saving tax if I have to show it as other income? Isn't my net tax payable remains the same? Please assume salary of Rs. 7,00,000 per year.

Thanks,
nba

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Sir
MR.A trading in flats & property on commission basis..
purchases 1 flat(under construction) and paid service tax on it AND after completion he sold it to another person..

now can he claim input credit against service tax on commission(commission on sale of other flats)??

Dear Sir,

Can i charge service tax on food separately if i provide a service of banquet with catering.

Please also advise the rates.


Regards........ Shekhar Arya

Dear Sir,

We book a hotel for business purpose of rs. 250000/-. Tds will be deducted in that amount & which section.