My Client has purchased land and building in the FY 2008-09 for Rs.27.25 lakhs by using as factory for his business. He had made additional construction FY 2009-10 Rs.4.69 lakhs and FY 2010-11 Rs.5.71 lakhs, FY Rs.3.00 lakhs. He has sold eitire land and building FY 2012-13 for Rs.55.00 lakhs. Now the capital gain is arrived as follows.
Long Term Capital Gains:
Sale Consideration FY 2012-13 Rs.55.00
Cost: indexed cost (FY 08-09) Rs.39.90
--------
Long Term Capital gain Rs.15.10
Cost of Improvement:
Short Term Capital loss:
FY 2009-10 Rs.4.69
FY 2010-11 Rs.5.71
FY 2011-12 Rs.3.00
------- Rs.13.40
--------
Net Long Term Capital Gain Rs. 1.70
-------
Tax @ 20% Rs.34,000.00
whether it is correct or not

what is LC,LG & BG ? please define it clearly....

anyone plzzz tell the order of set off in case of speculative transactions..

In a Pvt Co.,there are total 2 Directors.
And one fine day two additional directors are appointed. And on the next day of appointment those initial 2 Directors were resigned.

After resignation, the company is left with 2 Additional Directors.

My query is Can a company carry on with only Additional Directors with no Director?

Iwas purchased flat in Aug 2008 for 12.5 lakhs & sold it for 28.5 lakhs in Oct 2013. I have forclose my home loan for same flat as 7.5 lakhs from this sale amount. ultimately I recieved only 21 lakhs.
Can I consider deduction for this foreclose home loan amount over LTCG.
If I am not opt for reinvestment, how much tax I need to pay or how much amount I need to invest to have no tax ?

What is current exemption of interest rates Sirs?

sir , i have made registration for e-filing but since i was getting problem in uploading my return , i filed manual return finally . Note that i am an assessee under presumptive taxation scheme u/s 44AD.
MY QUESTION IS ,IS THERE ANY PROBLEM IN THIS ????

a persons agri land not coming under town municipal limits is acquired at Rs 23 lacks in the year 1999 and of Rs 41 lacks from 2000 to 2013 as interest totalling to Rs 64 lacks what is the tax liability

does deduction u/s 80tta cover intt recd on SB/mis depoaits in postal saving scemes

Is nro account holder ineligible to invest in bank FD us 80 c for tax planning for income from interest and rent fr house property in india? sbi refuse to open one.its own br neo account holder. pl. enlighten suggest alternative investment