Dear Sir,
Please advise on the following issue:

A has purchased a DDA flat in 1993 at a cost of Rs 50000/-then he incurred the following expenses:

i. Instalments paid to DDA- Rs. 1 lac
2. Penalty/intt. paid to DDA on late payment: rs 1 lac
3. Freehold charges Rs 0.50 lacs
4. Addition made in the flat by constructing additional room : Rs 2 lacs

As on date the market value of the flat is appx. Rs 30 lacs.

A has purchased another residential Flat in Noida for Rs 30 lacs against loan from a Bank and the flat is under construction and expected date of posseion is April 2016.

Query Is:

A wants to sell his Delhi house and from the proceeds he wants to pay off the bank Loan.

is there a way out to save the capital gain tax on the sale of delhi house and what should A do to mitigate the capital gain tax or minimise the same based on the above facts.

Pls let me have a considered view on above.

Thanks
PCJ

Dear Expert,

I want assistance as regards the following situation

A woman had purchased a flat before 1981 and registered in her name. In Nov,13 she sold the flat of 60 lakhs and executed a will which had indicated the manner of distribution of the proceeds amongst her children and clearly indicated her eldest son shall be responsible for the payment of tax. She died in December , 2013. It is clear that long term capital gains shall be attracted and her eldest son shall be responsible for paying the taxes.

All i wanted to know is whether the eldest son if he purchases a new flat and if he wishes to invest in nhai or rec bonds will be allowed to avail the exemption or not? kindly, if possible, give reference to section or case laws, if any

Thanks & Regards

I have sold 50000 Pref. shares of JSW Steel @ Rs. 5.30 per shares on 8-1-14 on Bombay Stock Exchange which were purchased by me @ Rs. 4.30 per shares 15 months back.

What will be the capital gain ? Pl. note that there is no STT (security transaction tax) on Pref. shares.

Please advice.

Pankaj Ajmera

Dear Sir
Good Morning

What is the difference between

1.Direct Export
2.Indirect Export
3.Merchant Export
4.Deemed Export
5.Penultimate sale

If it is possible suggest will examples .

Regards

Amit Ku. Thakur

Whether Companies act 2013 is applicable for CS Final in June 2014 attempt? or it will remain as companies act 1956? Becoz now I m studying CSP, if new one is applicable then it will be waste of time to learn the provisions of old one. plz suggest.

Sir/Madam
G'Mrg to all. I request to advice me on the following points.
1). DDO has deducted TDS. But not filed Qrtly returns. Received Default & penalty notices.How can we answer to IT Dept as DDO is in GOVT. Sector and not filed due ignorence of IT Act Provisions.

2). DDO has affected short recovery of TDS. Received Default & penalty notices.How can we answer to IT Dept as DDO is in GOVT. Sector and not recovered actual amounts due ignorence of IT Act Provisions.

Dear Experts,

Can we increase our capital from 100000 to 200000 OR it need to be increased to straight to 200000.
Please confirm the same..

Thanks

A home loan of Rs. 2,80,000/- was taken in 1990 at 15% pa interest could not be repaid in time but subsequenly paid. But LIC filed a suit and now demands 62.00 lacs. What is the remedy or any settlement possible or any consultant can help?

Dear All, plz suggest me how to boost salary in General Accounting Jobs. I have Done Mcom & Full time MMS-Finance. Suggest me updated Courses which will boost my salary in Present and Future time.

Thanks in Advance.

one of our party had paid cst @ 5% full rate of tax on oms sale and therefor they are not require to receive cform or there is no need of cform....so my question in which annexure i can show this oms sale...either in annexure G or Annexure I or no need to show anything....