Dear Friends,

I have one query....

My friend bought a House under Housing Board Scheme in 1988. But the Sale Deed for the same has not been executed by the Govt. in favour of my friend conveying the ownership of the house. In the meantime, during 1998 he sold the house by executing Power of Attorney in favour of a buyer (of course, sale consideration not mentioned in PoA)with an understanding that the sale deed will be executed immediately upon conveyance of the same by Govt of Tamil Nadu. Now, the Govt. has decided to convey the property through sale deed. Now, my friend would like to execute sale deed once the initial sale deed has been executed by Govt. of Taml Nadu. Now, once the sale deed is executed by my friend and the PoA holder, whether the capital gains arising out of the transaction is governed by income tax? Then what is the value of sale consideration to be taken for the purpose of capital gains tax?
please clarify

Dear sirs,
In a Proprietor Ship a Car sale on 4 th march 2009, Book value is on 1.4.2008 Rs.435000/-, Car Sold at 335000/-

My question is Depreication will be calcuated for 11 months and deducted from book value and How i give treatment of Profit / loss on sale of car,please explain from entry level

Secondly buy a new car on 05th march 2009 what would be % of Depreciation for 2008-09, Kindly reply.

Dear Sir,
I have a query that how many Percentage i can utiliese cenvat for the same catagory? Is it maximum 20% of total service tax payable of the same catagory?
Krunal Vyas

If a person receives RS15lacs cheque from his Mami,will it be taxable?

If yes then to whom the person or his mami?

pls explain.

If a person receives RS15lacs cheque from his Mami,will it be taxable?

If yes then to whom the person or his mami?

pls explain.

I have cleared the Nov:08 PCC exams and have

registered for the final course. Please mail

me the list of suggested readings (books and

refernce materials ) on different subjects

for the final exams

I have been preparing MAFA from V Pattabhi Ram's book and spend a lot of time practicing the chapter on Derivatives but lately I found that this chapter is not even covered by our CA Module nor the institute's compilor. So pls. guide how imp. is this chapter?

And also let me know which are the most imporatant chapters in MAFA and which are the most expected one's for the upcoming attempt.

whether credit of service tax , on reimb of telephone exp to an employee (name of co is mentioned in the bill ) available for co.
if yes
plz tell me how much credit is available in respect of below mentioned situation
telehone exp : Rs. 1000 (as per bill)
service tax : Rs. 120
reimbursement: Rs. 400

Pls tell me the procedure for getting DIN

Whether provisions of TDS would apply in respect of supply of printed material(e.g. balance sheets of co) as per prescribed specifications of the co and also vendor charged VAT/CST in the bill ?