Dear Friends, I have a little doubt in my mind. When we deposit the Capital gain AMount in Investment scheme u/s 54 for claiming exemption, we need to utilise it for purchase of property. SUppose, in next year I withdraw the LTCG amount from the scheme and utilise it somewhere else. Then in that case, the so withdrawn amount shall become LTCG in my hand in that previous year in which money so withdrawn. Now, if I have some LTC Loss also, then can i get set off benefit between these two, i.e LTCG due to withdrawal of money and not utilising it properly, and the Long term capital loss. I hope I am clear, if anything not understood please let me know.

Dear Friends, I have a little doubt in my mind. When we deposit the Capital gain AMount in Investment scheme u/s 54 for claiming exemption, we need to utilise it for purchase of property. SUppose, in next year I withdraw the LTCG amount from the scheme and utilise it somewhere else. Then in that case, the so withdrawn amount shall become LTCG in my hand in that previous year in which money so withdrawn. Now, if I have some LTC Loss also, then can i get set off benefit between these two, i.e LTCG due to withdrawal of money and not utilising it properly, and the Long term capital loss. I hope I am clear, if anything not understood please let me know.

Hi

Please clarify whether suo moto acceptance of contravention by the contravening party attract any penalty under FEMA?

HELLO

CAN I PAY STAMP DUTY ELECTRONICALLY???
PL LET ME KNOW D PROCEDURES......
PL HELP FRNDS

REGARDSS
SANGITA

WHETHER LTA RECEIVED BY AN EMPLOYEE IS EXEMPTED FROM IT.IF HE SUBMIT BILLS WHETHER HE CAN CLAIM EXEMPTION

we are ASC (authorised service centre) of bajaj auto ltd, hoshangabad, having turover of less then 4 lacs per annum, through free service and paid labour, but service tax authority are saying that you are using mono and brand name of bajaj hence you are not exempted and you have to pay service tax.

so kindly ans me that we have to pay or not.

Dear Sir,
I am a PCC student doing my articles to appear for May 2010 exams in Cochin.i wish to know whether SA s or AAS would be applicable for my exams.
VISWANADH. R

AO has not served notice of demand to assessee, and taking recovery proceeding. In actuallity assessee is in default ie. he has not paid complete tax. how to overcome?

Dear Sir,

I am a distributer of ITZ CASH AND I AM GETTING .50 PAISA ON 100/- AND MY SALES IS 5600000.00 SHOULD BE AUDIT OF MY PARTNERSHIP FIRM

HARISH

A limited co has purchased a machine for Rs.1.5 crore on credit. The terms of credit has not been fixed, so payment can be spread in more than one accounting year in instalments also. There is no agreement which creates any charge on asset.

Which is the appropriate head under liability side for showing liablity for purchase of asset. Is it correct to show under unsecured loan.