Dinesh Thirani
01 September 2009 at 12:15

capital gain from the sale of house

I have purchased a flate of rs.31 lakhs four year ago & for this purpose, I took loan of rs. 25 lakhs. till now I have paid 12 lakhs as interest on loan & one lakh rs.as repayment of Principal amount.
now I have sold this flate for Rs. 64 lakhs
my queriezs are:
1. whether interest paid on loan ( 12 lakhs Rs.) would be consider for purpose of cost of acquisition.

2.is there any exemption avialable u/s 54 of income tax act. I want to take loan of rs. 2o lakhs from bank & invest it in purchase of new house & utilise long term capital gain in some other purpose.

kindly advise me.
thanks


Reena A Bhanushali
01 September 2009 at 12:14

Photocopy of answer sheets

plz let me knw how can i get photocopy of ca pe 2 answer sheets of group 2 bocz as per right to information students are entitled to receive photo copy of answer sheets what is the fee its urgent


Lokesh
01 September 2009 at 12:03

TO Mr Prakash Somani sir.

Sir, today CA results have declared.
I did't get through in the Exam even by giving only one group.
Sir i did much more labour on my part without coaching,but don't know the reasons that why this happened.

Is it true that one can't pass the exams without coaching?

Pls. suggest me the wayout(subjectwise), it's my humble request.


CA Kirit Savaliya
01 September 2009 at 12:00

due date of CA final examination

hi

i already gave second try in pcc second group
my first try in nov-2008 second try june 2009 and i will give third try in nov-09,
if i will pass in nov-09 what the month that i will give my first attempt for final examination,
my articalship will finished in july-2010.

please reply me


CA Guru M
01 September 2009 at 11:28

Re-Valuation -Urgent---Please

Please advice me, how to apply for revaluation & to get a copy of evaluated answer sheet.


PANKAJ MISHRA

Sir,
Inspite of many reminders my previous employer has been not issued Form-16 to me against TDS deducted by mistake for the financial year 2008-09
But I have to file my income tax return. Tax on my total income is NIL and
Approximately Rs55000/- I have paid during the year against interest on housing loan.
Please advise can I file ITR-1 without receipt of Form-16 and get refund of TDS deducted by mistake. What is the remedy available to me for:-
1.Refund of TDS deducted and
2. Claim interest on housing loan (Negative income from house property)


Regards


Ashutosh Pandya
01 September 2009 at 10:39

% result of ICWAI Final Stage-III

Sir,
Can you tell us how much % of students have been able to clear ICWAI Final stage-III ?


sudarshan mhetras
01 September 2009 at 10:23

Short Notice to AGM

hi

if AGM is held at shorter notice, where it should be displayed?

1. in Notice to AGM i.e. Agenda

2. in Directors report


rajesh
01 September 2009 at 10:21

request

hi sir......
anybody knows who will value our papers......... tell me the procedure to recounting please.................................................please


Kishan Gupta
01 September 2009 at 10:04

Rechecking Procedure for PCC papers

does they recheck the marks or retotal the paper






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