Please Calculate Capital Gain / Loss in Shares on given example :-
Purchase details : On 15 June 2008, X Purchases 100 Shares in For Rs. 12,000.00 ; at the time of purchase X pays : Brokerage Rs. 6.15; Transaction Charges Rs. 2.50; Stamp Duty Rs. 3.25; Service Tax Rs. 9.50; STT Rs. 18.00.
( Total Amount X pays for 100 Shares 12,000.00 + 6.15 + 2.50 + 3.25 + 9.50 + 18.00 = 12,039.40 )
Sales details : On 20 March 2009, X Sells 75 Shares For Rs. 10,875.00; at the time of Sales X pays : Brokerage Rs.5.25; Transaction Charges Rs.1.85; Stamp Duty Rs. 2.25; Service Tax Rs.7.50; STT Rs. 16.00.
( Amount Realised after paying Charges & Taxes: 10,875.00 - 5.25 – 1.85 – 2.25 – 7.50 – 16.00 = 10,842.15 )
Can X claim expenses incurred on DMAT charges for buying & selling.
DEAR SIR / MADAM
I HAD SOME PROBLEM IN ACCESS IN MY TALLY 9 VERSION. AS I LOGIN TO TALLY WITH PASSWORD & USER NAME IT SHOW THE MASSAGE TO REWRITE THE COMPANY GIVING OPTIONS OF YES / NO. WHEN I GO FOR YES OPTION IT STARTS REWRITING. BUT SUDDENLY THE PROCESS STOP & IT SHOWS MASSAGE ( EXISTING TALLY : INTERNAL ERROR : CONTACT TALLY SOLUTION SOFTWARE EXCEPTION C0000005, MEMORY ACCESS VIOLATION )
AS I CLICK ON OK OPTION GIVEN ON THIS ERROR MASSAGE, THE WHOLE TALLY VERSION CLOSES DOWN.
KINDLY SUGGEST ME PROPER SOLUTION.
I have my PCC exam in May'10 and I have applied for ITT training in Dec'08 but I have been alloted April'10 batch.As per the rules I have to complete my training before 3months to the date of examination. I have also submitted an application to allot me july'09 batch or before, but no action has been taken till date. The contact no. which is given on ICAI site is also not reachable. Plz assist me what should I do because I dont want to delay my attempt.
After amendment in service tax rate @ 10.30%, the company is still charging service tax @ 12.36% , and for the same taking setoff or deposite it in govt.
the same is happening with company also, there are some parties who charge s.tax @12.36% on company.
the comapny is aware about the amendment in s.tax.
Question:
wether it is allowable or it should be rectified?
if it is rectified then how?
and if co. going to rectified than wether co. take setoff for the excess rate?
One employee joined in our company on 1st January 2009 and he earned a salary of Rs.225000/- from my company, he had already earned around Rs.450000/- from his previous employer .At the time of joining I got a declaration from him signed for TDS purpose. and I asked him to get statement ( declaration ) signed from the previous employer stating the salary paid by them as well TDS deducted by them on it, so that I can issue a TDS Certificate in Form 16 for the full amount he earned from both employers, the employee failed to inform this to the previous employer and they have already issued Form16 to him
My question is that whether shall I issue a simple TDS certificate in Form16 for my company Salary only or should I consider previous salary and issue a composit TDS Certificate in Form 16 ? If I have to issue a composit certificate what are the precautions to be taken
Please help me to solve this issue at the earliest ,
Thanks in advance
Regards
P. Raja
Please provide how we should go about in the following case:
A & B were directors in a company
Then C & D were appointed and Form 32 was filed with DSC of A
Then resignation form for A & B was filed with DSC of C
Now we came to know that date of appointment in Form 32 (filed for C & D) was inadvertently mentioned wrong
How we should correct the form 32 filed, can we file a revised form 32 with DSC of C??
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PLEASE SIR
Sir/Madam,
If a property is given to a bank as a guarantee of loan and then on non repayment of loan the bank sells the property (house), and full sale value is adjusted against the loan amount and loan is still outstanding then is capital gains attracted in this case??
Kindly answer soon...
Hi!
As we know income tax return for TDS is to be submitted by 15 june every year.
But employer has to issue FOrm 16 by 30 April.
As such in the form 16 in respect of 4(fourth) quarter tax return date is to be indicated if you submit the tax in June, you cannot write in Form 16.
Please suggest what to write in the place of date of return in FORM 16 if the return is submitted on 15 JUNE
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Calculation of Capital Gain / Loss