I have purchased property worth Rs.900000 in Six Equal Installments of Rs.150000 paid by Cheque. The First installment was paid on 1-4-1993 and Last installment paid on 31-3-2000.
After the Full Payment the Cost of Improvement was incurred on 1-10-2000 with the amounts of Rs.200000 Paid by Cheque.
The Possession was received on 1-4-2001 from the Builder along with the contract note on his Letter Pad with his signature on it.
The Purchase Agreement was made on 1-4-2006 from the builder. The property was sold on 31-10-2008 for an amount of Rs.250000.

My Query is :

(1) The Capital Gain on this property is Short Term or Long Term?
(2) If the Capital Gain is Long Term then what date should be taken for calculation of the Indexation of the Cost of Acquisition of property i.e. 01-04-1993 or 31-03-2000 or 01-04-2001?
(3) If 01-04-1993 taken then what is the amount taken for Cost of Indexation and what about the Remaining Installment of Rs.750000. Should it be taken as Cost of Improvement?
(4) If 01-04-2001 taken then amount taken for Cost of Indexation is Rs.900000 or Rs.1100000?

Dear Friends,
can you please tell me the new professional tax slabs for karnataka with effect from 1st april 2009.

does persuing cs along with ca needs permission from icai and vice versa? how does the articleship go of both the courses simultaneously?

Hey i wanted to ask that if i have procured imported good on which i have taken cenvat credit, so at the time of export if i ask for the duty drawback wouldn't that be double benefit.


pls elaborate the duty drawback procedure.

Hello,

I filed examination form after long time for CA Final for June 09. I have a problem in form that i have wrongly select new syllabus instead of old syllabus.

AND i am preparing for old syllabus

can some one tell me is there any proccedure to change the syllabus. if yes then please tell me the proccedure and contanct no. where i should contact.

Please help, beucase books also not avalliable in market for new syllabus and i have already prepared 40% from old syllaus.

Regards
Bhagwat
bhaagwat@gmail.com

can any one tell me weather Delioud and KPMG are audit firm or consultancy firm.

What is the last date for filing TDS return for payments made upto 31st march and for provisions on 31st march

Dear All
we are a leading manufacturer of pig iron, now we want to go for producing a cast iron articles & this cast iron articles is aslo used in our plant & machinery for the production. now sir plz suggest me for
which document prepare for the issue of pig iron for producing C.I.Casting. & also C.I. casting issue for used as a plant & machinery. & its a mandatory to issue EXCISABLE INVOICE for the issue of goods for captive consumption.
plz suggest me a good procedure for mentaining records asper excise rules
thanks in advance.

a waiting for your reply.

regards

sandip bhogayta

my brother(HUF)and my wife partner in partnership firm. can they give sales brokrage or sallary to me and my brother single?.

We are 3 brothers & 2 sisters. Our father purchased a ground for Rs.2500 and constructed house in 1977 and in 1995 additionally constructed a floor for Rs. 200000/-. He died in the year 1997 and we demolished the house and constructed 5 apartments in the year 2008 (October). Out of 5, we retained 3 flats for three brothers and sold the two flats to outsiders and utilised the consideration of Rs.2800000/- towards construction of all the 5 flats. Being allotted a small size flat I was compensated in cash to the tune of Rs.300000/-. Pl clarify what
is the capital gain tax on my part and if anything has to be paid, what is the last date for payment. - g.ramesh (rameshrohit65@gmail.com)