R R JHUNJHUNWALA
07 May 2014 at 09:22

Long term capital gain

I Have two residential flat in mumbai one on rented and another i use for self living. My question is i have already sold rented house property in march 2014. and purchased a new residential property at rajasthan using capital gain amount. I also want to sele second house which i have use as a self occupied house. please suggest that this long term capital gain can i use to construct in purchased rajasthan house or i shall purchase new one. If i purchase new one than it is ppssible to claim thos LTCG because i have already one residential house. how i calculate indexed capital gain if i paid to builder as per their demand letter according to conatruction linked. please help Regards


PAI

i have let our two godowns to AGRICULTURAL PRODUCE MARKETING COMMITTE ESTABLISHED UNDER THE ACT OF KARNATAKA TO SAFEGUARD INTEREST OF FARMERS THEY PROCURE PADDY MAIZE WHEAT ETC MARKET AND STORE THE SAME ON BEHALF OF FARMERS AND GOVERNMENT. FOR THIS PURPOSE I HAVE LET OUT TWO GODOWNS WITH MONTHLY RENT OF RS 4 LAKHS LET ME KNOW WHETHER I SHOULD COLLECT SERVICE TAX IF NOT IF THEIR IS ANY CIRCULAR TO EXEMPT THE COLLECTION PLEASE GUIDE ME


Ameya Kulkarni

Can the excess TDS deducted and deposited u/s 192 in March (i.e. Q4) of the Financial year be adjusted in the subsequent period (i.e. in Q1 of the subsequent financial year)?
I spoke with the TDS-CPC Call center and they confirmed it can be made but the person was not sure about it himself.
I request the experts to help with the relevant Circular / Notification of the IT Department.


Vinoth Babu
07 May 2014 at 08:10

Closing stock difference

If there is a difference in Closing stock of finished goods qty. as per ER1 and Tax Audit repor ..
Whether the issues attract excise auditor to impose tax on the difference..
Plz. clarify..



Anonymous
07 May 2014 at 06:52

Addmission in m.com

Dear users.

I iwsh to know that i wish to take an addmission in M.com. I have come to know that ICAI is Conduting M.com Courses
So please guide me on this regards that if i Wish to take an addmission in Mcom under ICAI banner what should be the T&C and What would be the process


sonu solanki
07 May 2014 at 01:09

How to revision

how to revision in i. tax ipcc may 2014 ?? can i refer pm only ??? plz suggest me.



Anonymous
06 May 2014 at 23:22

Articleship

my articleship complete on 20 august 2014.but my ca told me to give extention for 1 or 2 months? why i have not taken big leaves in articleship.is it proper action of ca ? advice me. what reason. i have not given exam in my artcleship?



Anonymous
06 May 2014 at 23:21

How to treat share investment

How to Treat the share investment in case of individual and in case investment made by Firm/Pvt. Ltd./Ltd. cos. what is the Tax treatment for STT, Service Tax, Turnover charges, Stamp Duty etc.,. How to account the same?. Please explain in details, with valuable information.


Praveenveldhi
06 May 2014 at 23:10

Notice u/s 143(1)


Dear Expert,

Demand notice came u/s143(1) by not considering updated tds in 26AS for salary income for the AY:2013-14 ..
how the problem to be solve though the tds has updated in 26AS and the same is not considered u/s 143(1)..

Thank you


Ramesh Babu

"X" an individual running commercial coaching center as franchisee for the summer periods to develop the skills of the children.

He was paying the portion of the fee collected from the students to the franchisor as per the agreement as royalty and the keeping the remaining fee as commission.

Franchisor will liable for the service tax for the gross value.

Whether Franchisee is liable to pay service tax on the commission?






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