shaikh irshad
25 October 2008 at 15:50

capital gain

an assessee has 1/6th share in an inherited property since 1995. in feb 2006, the property was sold to the builder and the assessee is compensated with a two bedroom flat for his 1/6th share in the property and the amount is not quatified in the agreement.the possession of the flat is given in sept 2008 by the builder. the flat is sold after getting the possession.

The queries are:
1) how to arrive at the capital gain in feb 2006, when the property was sold to the builder.
2) when the flat is sold after getting the possession, wheather the period under which the flat was under construction will be counted for ascertaining the short/long term capital gain?
3) what will be the cost of acquision in both the cases.


Anil Mittal
25 October 2008 at 15:25

Company Bill 2008

Dear Sir,


wat is Company Bill,2008.

will it change the whole of existing companies act 1956???????

& will i need to study it for my May 2010 Exams??????????


Shiv om Jindal
25 October 2008 at 15:18

2nd RIDDLE

I have gone through A Riddle and found that 2 Bastsmen on 94 each 3 balls remaining and can both of them get 100rds.
I would like to add something more they both can get hundered's on 2 consecutive balls and in the same over and ball doesn't hit any helmet/cap.


Shiv om Jindal
25 October 2008 at 15:16

2nd Riddle

I have gone through A Riddle and found that 2 Bastsmen on 94 each 3 balls remaining and can both of them get 100rds.
I would like to add something more they both can get hundered's on 2 consecutive balls and in the same over.


vijayabhaskarareddy
25 October 2008 at 15:03

cenvat credit

ours is manufacturing co, can we avail cenvat credit against payments of telephone Bills/other bill.pls give me reply to uvbr@rediffmail.com


CA Surajit Roy
25 October 2008 at 12:41

Deduction of TDS @ maximum rate

I hav withdrawn my Superannuation Fund from my Co's Fund. But TDS is deducted @30.9% from my payment. I know that exemption is not avaiulable u/s 10(13). My question is

1) is TDS deductible @ maximum rate?
2) Cant i claim TDS in my Tax filing.

Plse reply.


CA. Sachin Kumar
25 October 2008 at 12:21

applicability of vat

Suggestion is required on the following matter:-

Facts:
There are 4 person, the status of the these four is as follows:-
1. A Ltd Co.,
2. Mr.X, an individual
3. Mr.Y, an individual
4. B Pvt. Ltd. Co.
Each four are having one mine at Udaipur. Beacause as per udaipur royalty rules a person can not have more than one mine, so A ltd decide to hold the mine in the name of the other person as mentioned above. each of four will be liable to file royalty return individually.
Mr X & Mr Y, Both are the promoter & Director in A Ltd. & B. Pvt. Ltd.
B Pvt Ltd is to be merged w.e.f. 01.04.08 in A Ltd. & matter is pending with the honr. high court.

Now the query is-----

If there is a MOU between these four person i.e MR.X, Mr.Y,A Ltd. & B Pvt. ltd. that All assets to be used in mining process will be hled by A Ltd & all revenue generated through mining business will be of A Ltd.
Mr. X, Mr .Y & B.Pvt. Ltd will get Rs 5000/- p.m from A Ltd. against use of their name/right in mining.

What will be the sales tax, service tax, & royalty provision in this regard.

Thanks.


LAKSHMI NARAYAN
25 October 2008 at 12:07

How to share files in CA Club

Is their any help fiel to know the following
1) How to upload the file in CA Club
2) How many days it take to reflect on the site.
3) If the file is dropped how do we know.

because last time i have uploaded CA Final RTP and SA but it does not reflect in my name.


seema singla
25 October 2008 at 12:06

Treatment of expenses

A company is registered two years ago. It has not started any activity till now. But it some expenses like audit fee, legal fee, bank charges etc. I want to know how to treat these expenses in the final accounts.
Two months before, I have put the same query and the answer was that the exp should be treated as pre-operative expenses. But one of my friend CA has told me that these are not pre-operative expenses. Instead these are revenue expenses and a return of loss should have been filed.
Please guide me what is the exact procedure to treat the same in the books. Plz ans.
Thanx


Gayathri Devi
25 October 2008 at 12:01

Reg : Sec 269 SS

Whether sec 269 SS applicable to NBFC company

reply me its urgeny

if possible reply to my mailid geniusgayathri@gmail.com






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