We have acquired shares on say 24-sep-07 and sold the same on 24-sep-08.

As per S/112 what is the period of holding for 12 Month.

Whether the said transaction is STCG/LTCG.

To whom AS - 22 is applicable and not applicable?????

for a residential house what shall be the cost for capital gain calculation
1. actual amount paid i.e. 7 lakhs
2. amount recorded in sale deed i.e. 3 lakhs

Dear Members of CA Club,

Need your guidance in this situation : -

Passed PE-II Group 1, Waiting for Group-2 Result, This was the 5th attempt.

If passed what to join PCC or IPCC (Which one is better- articleship is due).

If failed then which scheme to switch over PCC or IPCC ?

Although last PE-II exam is in May 2009 ? It will be the 6th attempt, Wether it is allowed for the 6th attempt ?

Waiting for your quick & complete guidance.

How should I take cenvat credit on banking charges they do not provide me any bank advise for each and every charge to me......... Can it be available through Bank Statment but this does not contain any signature or any other thing which is a valid document for cenvat credit

What is the procedure for making a gift in DD.

1.My uncle want to make a gift in form of DD to his daughter.
2.can a person who is not relative of that daughter can make a gift to her on her marriage.
what is the procedure for that.as per the income tax law.
Is wrritten record of such gift required to submit in income tax department.

HI EVERYONE

I HAVE CONDUCTED AN AUDIT AT MY SITE AND THEY HAVE PULLED OUT THAT THE PHOTOCOPY OF COURIER BILL OF ENTRY IS NOT A VALID DOCUMENT TO TAKE THE CREDIT.

CAN ANYONE TELL ME IS IT ADMISSIBLE OR NOT. IF YES THEN CAN YOU GIVE ME BRIEF EXPLANATION ABOUT IT WITH APPROPRIATE CASE LAWS OR JUDGEMENTS.

PLEASE REPLY AS IT IS VERY URGENT.

I want clarification on rate of tds on hiring of vehicles for office purpose. As per information I received, the same will be having rate of 194I, and not 194C, As vehicle is covered under definition of Plant & Machinery. Kindly clarify at earliest.

HELLO EVERYONE

CAN ANYONE HELP ME OUT FOR KNOWING THE PRESCRIBED FORMAT OF RG 23D REGISTER.

AWAITING FOR YOUR QUICK RESPONSE.

Dear All,

I am in construction company, we generally follow practice of showing compund wall expenditure separate from Land expenditure under the head of developement expenses.

Now my question is whether it is right accounting policy or it should be shown as land expenses only.

Please let me know solution for the same with reason.

Thanking You

Regards
Rakesh