We are 3 brothers & 2 sisters. Our father purchased a ground for Rs.2500 and constructed house in 1977 and in 1995 additionally constructed a floor for Rs. 200000/-. He died in the year 1997 and we demolished the house and constructed 5 apartments in the year 2008 (October). Out of 5, we retained 3 flats for three brothers and sold the two flats to outsiders and utilised the consideration of Rs.2800000/- towards construction of all the 5 flats. Being allotted a small size flat I was compensated in cash to the tune of Rs.300000/-. Pl clarify what
is the capital gain tax on my part and if anything has to be paid, what is the last date for payment. - g.ramesh (rameshrohit65@gmail.com)

Dear Sir/Madam,

I had terminated my articles on 19-feb-2009 and re-registered on the same date under a new principal. Also, I have received a letter of confirmation of the same from the CA Institute. However, recently i received a mail from my previous employer that i will have to rejoin him as the ICAI notification dated 27.03.2009 about termination of article says so. Kindly guide me as what to do in this situation. Further, the institute has already confirmed that my termination is done properly. Do the notification rules apply to the terminations done before 27.03.09?

Thanking you,
sheetal

If person resident in india sells tenancy rights in tenanted house & invest money in purchasing the residential flat. He is buying the flat first time & it is in the joint name, himself & wife.what will be tax treatment?

Hi,
How a partnership venture and Pvt Ltd company (with multiple directors) differ in company law/act. Need to setup one to do india+foeign business, kindly guide. What will be the timeline and expenses to setup one firm.
Thanks,
atul

Dear all

I am going to audit a firm and it maintains Cash Book cum journal. I have heard these words first time. Would you please let me know what this is and how to audit it?

Rgds,
Jinesh Rajpurohit

gardeners salary in relation to house owned by employer...provided to employe.. there has been a confusion due to the fact .. in sum books its exempted.. others. taxable.. kindly explain with a case law if aplicable.. i think a circular was passed regarding this...

CAN ANY ONE SUGGEST as we do in AS 20 EPS... IF RIGHT SHARES ARE ISSUED , N WE CALCULATE WEIGHTED NO OF SHARES..... SUPPOSE IN CASE OF DIVIDENDS.. WE HAVE 1000 SHARES ALREADY ISSUED.WE ISSUE 1000 RIGHT SHARES ON 1 JAN... DIV DECLARED ON 31 MARCH...10 %... SHALL WE TREAT IT ON 2000 SHARES OR EQUIVALENT SHARES. 1250(1000{ORIGINAL} + 1000{RIGHT}*3/12).
thnx in advance

HI,

There are 2 bills of Rs.18000 each for service contract.. The payment is made to party of Rs. 36000.

Whether TDS is to be deducted while making payments to the party??

Dear sir,

is service tax charge on renting immovable property ?
if not when is applicable & is applicable in only Delhi region or outside Delhi. Is TDS Will be deduct or not

Case laws are usually quoted in following manner:
Ganga Prasad Sharma v. CIT (1981) 132 ITR 87 (MP)

how the above is to read?
What does 132 ITR 87 (MP) indicates?