Dear Sir
I have 2 queries

a. I have been gifted 1 COMMERCIAL property by my father by way of a excecuted gift deed. The property was constructed in 1961.My question is 1. what would be the capital gain if I sell the property today for Rs. 50 lakhs? 2. Can the net proceeds of net gain be invested in REC bonds to save LTCG? 3. Can i purchase a residential house against the sale of this commercial property and save tax? 4. What other options do i have to save on Tax?

b. I had invested in Company FD last year. Do I have take the accrued interst in my computation or can I take the entire gain in the year of the redemption of the investment and pay LTCG on it?

Thanks and Regards

Mehul K.

Can any one provide me details for income tax 2011-2012,from where i can get total details for 2011-2012

i have received a gift from my mother in law for Rs. 50000. where to write the same in itr4 and under which section the exemption has to be claimed in itr4.
thanx in advance

Just enrolled as member of ICAI. Cuurently, working in CA Firm. Can i hold part time cop?? And if yes, can i perform attestation functions??

Plz suggest me some gud ca coaching instts. in ahmedabad & mumbai. Which place wud b a better optn...?..?..

Hi,
Can anyone brief me abount the LTA exemption procedures. Is there any limits applicable for LTA ?
Thanks in advance

hi..i am dnyaneshwar

we are sub travel agent (Non IITA)

Hotel Booking Charges : 1.03 % Service Tax on gross Amount

Tour Operator : 2.575% Service tax on gross Amount

Cab Hire :4.12% Service Tax on gross amount

air ticket : 10.30 % charge on only management fees (not on basic fare & airline taxes)

so please anybody tell me above all rates are correct ???

Our client is a company mainly based in Israel. But now they have incorporated a company in India. They have purchased one office in India. Employees of Israel based company will do interior work of that office. Salry is paid by Israel based company. So my question is, whether expenses incurred for those employees of Israel based company, such as rent, meal etc. will be allowed as expenditure?? Or do we need to capitalize the same to cost of Office.??

sir i am a b.com final yr student was preparing for mba enterance xam since last 2 months but suddenly ma mind has got diverted towards c.a ,now i want 2 b a c.a by profession. as m 20 yrs of age by today is ma age not a problem to bcome a c.a ??As i hav heard tat an average student takes near abt 6-7 yrs t b a c.a.SO SIR PLZ GUIDE ME THE BEST WAY U CAN.....

Hello !
u/s 50c full value of consideration is taken as value adopted by thestamp duty authouity of state govt for the purpose of stamp duty payment.
Here Assesee has an option to to challenge the valuation adopted as he may think tht its higher thn fair market value.
My q isif transfer takes plac n wer asessee has already sold d land thn whthr this right of challenging is available to him b4 filling ITR ?