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Chaitanya Deshpande

Can an assessee avail more than one Capital exemption?

For example:
If an assessee has sold an industrial undertaking and invests the capital gains in 1 residential house, invests in specified Bonds, purchases a industrial land in other than urban land and also purchases a industrial land in SEZ
Can he avail exemption u/s 54EC, 54F, 54G, 54GA?


sachin
03 July 2007 at 05:35

REFUND OF SERVICE TAX

HOW CAN MY CLIENT GET REFUND OF SERVICE TAX IF PAID ON EXPORT OF SERVICE UNKNOWINGLY.


T Swamy
03 July 2007 at 05:14

Perquisite calculation

Sir,
Encashment of Earned leave is exempted to the extent of 3,00,000/- at the time of retirement. Balance if any is taxable under the head "salaries".

If a PSU is providing rent free residential un furnished accommodation, whether the encashment of earned leave (actual amount-300,000) and half pay leave at the time of retirement should also to be considered for calculation of perquisites?
Kindly clarify whether encashment of leave should also to be considered as salary at the time of retiremnt for calculation of perquisites.
If that is the situation, there will be more tax on account of perquisites at the time of retirement of an employee. In such a case, employee better to vacate the house before the year of superannuation to avoid the incometax.


Kinjal B Shah
03 July 2007 at 03:36

Tax Impact

Hi,

Our Company is giving Rs.25,000/above Rs.25,000 as a gift.

It is chargeable to tax, so straight away 30.90% will be deducted as a tax.

Can any one provide better way for receiving this gift (under any other form) so that minimum tax will be deducted and we will get maximum out of Rs.25,000 ?????

Whther there is any scope of saving tax by paying FBT ????


Mandar

Can service tax credit on Telephone bills & bank charges be claimed for paying service tax.


Prateet
03 July 2007 at 03:19

Sale and leaseback transaction

What is indirect and direct tax implications on a sale and leaseback transaction between and indian subsiadiary company with its parent company in Japan.


Aniket Krishnani

I have passed CA PE-II in July 2006.I am undergoing articleship under a chartered accountant firm in Bhilai. My attempt for CA Final examinaton is November 2008.I want to take coaching classes from Raipur. Are there good coaching institutes in Raipur. If yes, can I get information about the coaching institutes in Raipur.


Yogendra Jain
03 July 2007 at 01:35

Audit Books

Respected Sir,

Please tell me Hindi Books for Auditing & AS


Sandip Ojha
03 July 2007 at 00:17

Dividend distribution tax

Do one have to file any income tax return in realtion to tax deposited under dividend distributed tax as we file quarterly returns in reation to TDS.


Mandar
02 July 2007 at 08:33

Interim dividend

What is procedure to be followed for declaring interim dividend for listed company and accounting treatment for the same