Hi.....
My Father has Purchased N.A. Land in the year 2005 & it sold in 2013, Now the payment will received in partially (i.e. It comes in periodically up to 2015, Now I want to know What is the tax treatment for the same. Whether the Tax on sale of the Land (i.e. Capital Gain of Full Amt.) to be payable in this F.Y. or It will be payable in respective year of receipts of the payments. (Note : Only Ragistered Banakhat is made, Dastavej (Registration of Sale Deed) will be done in 2015. i.e. After receipts of the full payment)

Assesse (company) hires a cab for an year and makes payment monthly on actual usage of cab (km run basis). Assesse provide as an when advances during the month and also provides diesel to cab operator (which is adjustable with final payment). Now issue relates to the TDS on which amount and how to deal with book entry of diesel etc. Lets take an example:
As on 5th Feb, 2014 advance made: 10000
As on 7th Feb, 2014 diesel provided: 5000 (through credit card or other arrangement with Petrol Pump) further it is adjustable with the final payment of the month. It is also chargeable with 4%.

Now as on 28 th Feb, 2014 final payment is calculated as per actual km run is 47500/-
Calculation is as below:
Final payable: 47500
Adv(as above) : (10000)
Diesel (as above): (5000 )
4% charge for financial support (600) (4% of (10000+5000)
31900 (to be paid in cash/bank)

Now the issue is how to deduct TDS. I am sure that TDS to be deducted on total expenses which is 47500 but how to deal with different transaction during the month. Please suggest. Thanks!

in the reverse charge mechanism how entry will be passed.

please tell me in detail.

Thanking you,

I am a salaried person & before 2 years purchase a house property in Mumbai with bank loan & claim u/s.80c. This year purchase another house property in Nashik with bank loan. Kindly suggest me how can I get benefit from another property or how to present in my IT computation?

if training of article is gets extended, whether it has any loss to article in campus placement. whether while shortlisting CA freshers in campus placement 'extension of training period' point is taken into consideration

Dear sir

if an article has taken leave from previous employer for 78 days and takes transfer under new employer. with new employer article has taken leave of 150 days and new employer extends the training of article for excess leave taken.whether form 107 is necessary to send along with form 108. and whether any communication is sent by institute about extension.

section 28 (ii)anycompensationor other payment due toor received by,? (a)anyperson, by whatever name called, managing the whole or substantially the whole of the affairs of an Indian company, at or in connection with the termination of his management or the modification of the terms and conditions relating thereto; Please Explain this section with an Example... If a CEO of an Indian company receives termination compensation, Will it be taxable under the head of 'Salaries' or 'Business and Profession' ?

Is it possible to file itr for A/Y 2011-12 manually for make it continuity? What should be submitted for compliance at e-portal for A/Y 2011-12. There is no refund or tax payable. Tax liability is paid thro TDS completely.

plz suggest some firms for articleship in chandigarh or delhi.

I yet to go for articleship trainig ;Do i need to take prior approval from the institute to pursue MBA?