I purchased an under construction apartment in may2008 from builder under housing loan (through article of agreement document for which full payment was made to builder in may 2008 itself) and received possession via a sale deed in jan 2013. I needed to know

1. Whether I can avail of long term capital gain tax or short term tax?
2. If short term tax, can I deduct the interest paid on the loan for these years - as cost ofacquisition - considering that thesehave been over and above expenses paid to the loan bank. Or is it only the cost of purchase +stsmp duty+registration that is to be deducted from the sale amount for cakculation if capital gain tax?
3. In case of short termcapital gain, if I reinvest the profits on sale in the same financial year, can I save on this tax?

Dear sir,
In response to the filing of Incorporation documents like form 1,18,& 32. The roc has marked resubmission stating that “Pl.furnish the NOC and also affidavit. Form should be resubmitted by 12/04/2014 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)” and asked for resubmissing of form 1and 18.

For further information:
1) The Form 1A is fill by 4subscribers to moa A,B,C & D where the applicant is mr.a
2) But the Form 1 is sighned by Mr.B and we included an other person to the subscriber Ms.E
3) For the Proof of address for register office we attached eletricty bill in the name of M/s B a propritory concer wich is taken on lease by Mr.B

Please suggest me to go ahead with the re-submission

Best regards,

Narasimha

which are the service which are not qualifying service tax credit for IT Company . Further on capex expense whether service tax credit is available or not .

Can an unregistered dealer issue H Form?

Dear Experts,

We have a partnership firm running for last two & half years and now one partner is retiring from 31.03.2014 settling his all account mutually agreed and one new partner is joining on the same day without dissolving the Firm. I made a draft for Partnership Deed-Retirement and Admission will be effected from 31.03.2014 and also made a separate draft for Partnership Deed-Admission and Reconstitution which to be done/effected on 01.04.2014 as the new partner will put in capital on 01.04.14 in the newly constituted firm. I do not want to prepare a compact deed for retirement & admission for submitting future returns separately with departments. I wish to get registered the retirement & admission deed only.

Q.1. Is it Okay or necessary to prepare one compact deed and from when the new partnership will be effected from 31.03.14 or 01.04.14 considering the separate deed?

Q.2. What are the procedures for intimating for PAN. TAN, VAT and Bank?

With thanks

S. K. Roy
(skroy712@gmail.com)

An employee pays mediclaim policy premium of Rs.15,000 p.a. for which he is claiming deduction u/s.80D and the same is granted by the employer. Further he is also entitled to Rs.15,000 as medical reimbursement from the employer, Can he furnish the same mediclaim policy receipt of Rs.15,000/- to the company to claim this amount of Medical Reimbursement ?????

Hi
Friends
Example :Mr.X is invested in ABC Company the company is closed but the company not paid any shares amount to Mr.X .

Then how Mr.X can close in his books by passing Journal entry .

Whether the different units carying on different activities under one company shall be treated as separate entities for classification as a micro,small or medium enterprise? please answer with supporting case laws.

hi
i am doing my ipcc and i will be giving my first attempt in november . i am thinking of taking up one additional course after ipcc
as it is allowed as per icai rules. my query
is which course should be chosen as my interest is in auditing and getting into
management and not in taking up practice

i invested over the last three yeara 5 lacs a year (total 15 lacs) in an insurance scheme...the returns were very poor..as a consequence liquidated the policy...the 15 lac investment shrank to about 14.5 lacs ...a loss of 50000. can this loss be written off against profits ?