Hello
What is the full form of TTBR in capital gain.? and what does it mean
Thanks in Advance.

Hello,

An individual has a total income of Rs. 2,50,000. This consists entirely of short term capital gain (with STT) for the A.Y. 2010-11.

Total Income upto Rs.1,60,00 is exempted. Balance Rs. 90,000 will charged at which rate?

STCG @ 15% or,
@ 10% (since tax is 10% upto Rs. 3,00,000)

Regards,
Jyoti

I have office 2003 installed in my system.

However I receive some file in office 2007.
Could u please guide me as to how to open those files

suppose you are going to start new financial year then What treatment you will do of previous year balence sheet ( like previous year prepaid,provision etc) in current financial year.

After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year.

Hi all,
As per AS 19 leased asset whcih fall under finace lease category can be captalisaed and can provide depreciation on that asset...So whether depreciation on this kind of leased assets will be allowed as deduction or not.. as per Incomce tax act 1956

I have a querry regarding MVAT.
A Company is engaged in Trading Gold and related items i.e. purchase and sale of gold but not in manufacturing or manufacturing related activities.

My querry is can they take VAT setoff paid on expenses like Printing & Stationery, Repairs & Maintainance, etc.

Also can they claim setoff on Capital goods purchased or they have to add the vat amount to the cost of asset and claim depreciation.

Hope you reply at the earliest.

a employee took loan Rs.80,000 4 constrctn of house property @ 10%p.a.on 01/04/2006. completion of contruction of hose- 01/04/2007.he was getting deduction u/s 24(b) -for "pre-construction interest" he has claimed dedctn of some amt in a/y 2008-2009,2009-2010.& remaing amts of "pre contruction interest"in next 3 a/year.
suppose u sells it on 01/04/2010 ,then CAN he claim remaing amt for deductions of "pre-constrction interest" or not ?
plz tell me correct treatment

Hi! Friends

Please clarify the following and do needful.
Advance thanks for your co-operation.

We've paid freight for our freight consignments, which has already included
the service tax. We've pacca payment receipts from them, who are registered under GTA/ST.
Recently, when audit team of ST has pointed that they require that this freight operator has paid this service tax to concern department or not? How we know that?

And whether they're not paid to concern ST to the department, how we'll liabile this? to ST.

In the Financial Year 2008-09, Sales Tax Assessment for Financial Year 2005-06 has been made and Demand raised for Rs.24,000/- for Fiancial Year and the assessee paid, Pls. advise me whether it has been deductible expenses in financial year 2008-09 or not. Whether it has been treated as prior period item.