there is charitable trust registered charitable trust having education as main object. the trust has acquired land in the year 2009, but did not start any education institution. now the trust wants to sell the land and market value is 400 lac ( cost of acquisition was rs 15 lacs in 2009 )
my query is
1 if the trust sells this land and does not purchase any other land , and donate the whole sale consideration to another charitable trust having same object,then whether trust will be liable to capital gain tax or not.
2 whether donation will be treated as application of funds or not

there is a GTA who raises bil of Rs.100000(Freight) and not charged service tax in his bill because in this case reverse charge mechanism apply.
A is the party who pay freight so he will calculate service tax and pay
My question how to calculate service tax by Party A
OPTION 1
100000*25/100=25000
25000*12.36/100=3090

OPTION 2
100000*25/100=25000
25000*12.36/112.36=2750

Dear Sir,

I had registered on 28th feb 2013 for articleship. and till 25th august 2014 I have taken total leave of 140 days, will it affect my attempt of nov 2015? and if yes what will be my the attempt for CA Final Exam? please guide me?

Sir/Madam
I posted PDF file generated from online during fee payment session with signature of my principle but problem is
1.it has come as provisonal on pdf file dont known the reason
2.not sent any documents with file prit out to Delhi
so my query is weather any problem arise in getting my admit card.

Greetings...!!

there are two directors in a pvt ltd company and they both are interested in another pvt ltd company now they disclose their interest by filling form MBP-1 but resolution passed in the company is signed by one of the interested director only and MGT 14 is also digitally signed by one of the interested director.

So kindly clarify is it possible i mean interested director can not vote so how can he sign ..? urgent plz reply

I have cleared ipcc both groups in august 2014 and now I want to pursue CA FINAL, articleship along with MBA from IIM Ahmedabad.Is it permitted and if yes then what is the procedure to do that.

How much interest is to be paid on late payment of CST & penalty for late filing of VAT & CST return. pls reply soon its urgent

an assessee has filed return before due date in assessment year 2013-14 and show tax liability of rs. 3000. he didn't paid tax till now and also didn't sent ITRV till now. he want to pay tax now. Is he liable to pay any interest, if yes under which section and what will be rate of interest and further consequences. pleases suggest as soon as possible.

Respected Sir/Madam,
Weather the service tax is applicable or not for Real estate(Assessee purchase a land and converted into plots and made some attraction on the land like water tank,street lamps... ) service please give me a brief explanation

gud mng all, i cmpltd ipcc 1st group in 1st attempt,so shall i proceed fr artcles,am i elgible for articlship r not???