RASHMI SANGEKAR
This Query has 3 replies

This Query has 3 replies

06 December 2007 at 11:49

long term capital gain

sir,

I sold my resedential flat in april 2007 and bought new flat in may 2007 .so I got full exemption as I invested the amt.

now in december I am getting 32 lacs from my grandfathers property which was a plot in mumbai.this property was bought in 1955.we are 6 brothers .individually I am getting share of 32 lacs .my question is if I invest total amt in resedential property will I get exemption from long term capital gain.as in my case 2 transcations of capital gain happening in same year


Praveen Nigam
This Query has 2 replies

This Query has 2 replies

06 December 2007 at 11:19

Depreciation

A company which follows schedule xiv rates of Companies Act for depreciation. But this company depreciates its assets upto 95% of the historical cost of the assets. There after it does not provide any depreciation in the books. whether company is correct in doing so or not?


Praveen Nigam
This Query has 2 replies

This Query has 2 replies

I would like to give two cases:
1) Contract for printing files / envelop / writing pad etc on which logo as well as name of my company is appearing.
2) A book which contains financial performance of the company.

In both the cases we do not supply any material to the printer like paper/ink etc.
My question is:
1)whether above two cases are works contract or contract for purchase of goods.
2)whether contractor can charge VAT for doing above job.


kartik_somu
This Query has 2 replies

This Query has 2 replies

06 December 2007 at 09:13

VAT on Catering Contract

Our company have a caterer for two canteens who provide unlimited food and snacks.

The caterer charges 2 % on the value of food (single rate per meal), tea/milk/coffee and 4 % on snacks provided by them.
No VAT is levied on fruits.

I referred VAT Act and no where i could find 2 %.

Is he right in charging 2%?


Praveen Nigam
This Query has 3 replies

This Query has 3 replies

06 December 2007 at 09:08

Printing of stationery

We have given a contract for printing of stationery as per the specification given by us to the contractor. The contractor is charging VAT. Whether contractor is right in doing so or not? Further contract for printing of stationery is a works contrac of purchase contract for us.


roopa
This Query has 12 replies

This Query has 12 replies

06 December 2007 at 08:52

Tax Planning

Hi,

Can anyone let me know what are the provisions to be looked into while doing Tax planning for a Construction Firm.


Hira Singh Bisht
This Query has 1 replies

This Query has 1 replies

05 December 2007 at 20:56

Section 44AE

A Person has a car. He use it for delevery of news paper bundles of HT and Charged hire for it.The number of car is not commercial.
Whether this income is shown under 44AE or maintain seperate Books for it.

H S B


rashmi
This Query has 1 replies

This Query has 1 replies

05 December 2007 at 18:41

TT settlement

I had purchased 2000 shares of Remimetals Gujarat on 28-11-2007 Wednesday through icicidirect.com.These shares were under TT settlement. I tried to sell it on the same day but they said that i cannot sell as i dont have enough shares in my demat account. Is it because of monthly settlement on the next day or is there a group of shares which cannot be sold on the same day? If there is any such group can u suggest a site from where i can get the information? Exactly what is TT settlement in brief?


Dasharath Appa Pujari
This Query has 1 replies

This Query has 1 replies

05 December 2007 at 17:01

Net Worth Calculation

Dear Sir,

What item of Balance sheet to be considered for calculation of Net worth of Company?


Vathsala
This Query has 3 replies

This Query has 3 replies

05 December 2007 at 16:45

Higher studies

Dear All


I would like to do my higher studies after completing my CA can you suggest me about the same.

I would prefer higher studies related to equity research or securities kindly guide me in this regard.






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