A private limited company acquired in 1986 commercial property which consists of open land and building thereon. It has let out the entire said property to one tenant and is earning rental income from this property.
The company has also been claiming depreciation on the said property.
The company does not have anyother income.
The company wants to sell the property. Can the company be exempted from paying Capital Gains Tax if it reinvests the sale proceeds in another commercial property? If yes, what are the conditions to be complied with?
Thankyou

Dear Sir,

I am CA with 5 1/2 yrs exp. Kindly elucidate whether the SAP FI Module Certificate will help upgrade my career proposition.

Pls examine the career oportunities that will be available post this certification.

Thanks/Regards
Girish Sharma

Hi, cud someone pls tell me, whether ACCA or Indian CA, which one is better and why?

The proposed Direct Tax code (2010)though appears to be very simple and appreciable, slowly all the exemptions will be out and for the PF at the time of retirement will be taxed. Your views on this.

Sir,

I have a client who is eligible for deduction of Section 10A. He had incurred some expense on Computer Job Work, on which he deducted tax @ 2% u/s 194C, but in assessment the AO took stand that as the work is done on Computer the same would come under technical service and TDS would hv to be deducted @ 5% u/s 194J and hence disallowed the whole amount and on recomputation of income also didnot give benifit of Section 10A deduction on the addition of income. What are the remedy in the given case.

* is the expense wholly disallowable due to short fall in deduction of tax (which as per us shld come u/s 194C only)

* is Section 40(a)(ia) applicable to the case, as the amount is paid and not payable, as written in Act

* is Section 10A dedution is not allowable on addition made to income on account of disallowance of some expenditure

regards,

CA Gaurav Barai
Rajkot

Sir,
Recently we have been appointed as a statutory auditor of a pvt ltd company.
We have filled the casual vacancy because previous auditor has resigned.
I want to know is there any form needs to be filed with roc by the company for egm(i.e.the meeting in which auditor is appointed)
I also want the format of intimation letter for appointmnet of auditor in case filling of casual vacancy

Can anyone tell what is the distinction between CONVENTION and CONCEPT?

please tell me the reason of not tallying the balance sheet other than those of difference in opening balance in TALLY SOFTWARE....

it is showing different amounts in total assets and total liability...

i want to know about gst rates

Hi!
Can anyone let me known about is there any exemption on Professional Tax for physically handicapped person. If he is working in Tamil Nadu State Government Judiciary Department?

Awaiting for your reply...
thank u.