Hello,
My Father owned an old tenanted (pagdi) property since 1973. That building went into redevelopment in 2006 by the landlord of the building.
My father was alloted a new flat in exchange of old tenanted property in the year 2008. He sold that property on the 25th March 2009.
Will be liable for Short term capital gains or Long Term.
Please reply with previous cases ruling the same.
Thanx...

I am working in a wholly owned subsidery which is wholly owned by a foreign company. We bill for them for the services provided. How do we account for the remittance received 1) Income 2) Inter-company transaction. 3) If "Income" are any taxes applicable on the Income received 2) If Intercompany then how to record those transations ? Please explain

Hi
I have some Queries regarding LTA exemption:-
1.Can a Individual take exemption for 2 journey performed by him in a block of 4 year say 2006-2009 both in assesment year2009-2010.
2.Can 2 journeys performed in a one year say 2008-2009 be claimed for exemption in 2009-2010.
3.Is their any guidelines regarding journey to be performed by Air or rail for Private employees as their in case of Gov. employees regarding their limit of salary.
4. Is Amount to be claimed as exemption in case of Air As given in Sec10(5) of Economy class, to be judged on fare of cheapest airline for that route.
5.If an employee receives Rs30000/- as LTA anually in 2006-2009 and he claims a ticket of Rs70000/-for exemption in 2009-2010 performed his journey in 2008-2009 is he entitled for amount .

Please reply me on Nimit_sharma7@yahoo.com Thanks

Why is the exemption limit Rs. 1,50,000(in case of individual other than Resident women and Resident Senior Citizen)? I mean, how such limit is derived? Why it can't be Rs. 1,50,005 or some other figure?
How are these slab rates fixed?

Regards,
Jinesh

Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

as 31st is coming how to calcualte payable service tax on payment basis or accrual basis? pls immediate reply on
deven_vejani@yahoo.com pls.

Dear All,

Please let me know , whether TDS is to be deducted on Gross amount of bill or excluding service tax?

Hii can anyone explain the difference between the provisions under Section 276C(1) and 276C(2)

Dear Sir/Madam,
which is the last date to pay the TDS of salaried employees

In course of import in to India our customer had wrongly filed bill of entry using our vendor invoice instead of our invoice. the Po is in US dollars. This happened in the month of Oct 08. Our customer is not willing to revise bill of entry. Our vendor invoice is for a very low value as a result of which we might be paid very less when compared to Po value.
How can this be resolved.