How will the Cost of Acquisition & Capital Gains be calculated for a Property if a person has bought it in 2011-12 taking a Bank Loan for 20 years & sells after the Loan Repayment period is Over i.e. in 2031-32. (For Simplification purposes , let's just consider that entire Property bought solely from Loan amount)

Details -

1)Loan Amount - Rs. 50,00,000
2)Tenure - 20 Years
3)Rate of Interest - 10 %
4)Monthly E.M.I. - Rs.48251.08
5)Property sold at Rs. 3,30,00,000 in 2031-32

1)Filling of Form - 29B (MAT Credit) required to all Companies or Not ?
2)Last Singing Date of Form - 29B
3)Who are responsible for filling Form - 29B assesse ya CA

Hello members,

I am Engineering graduate and working in a IT Company from last 2.5 Years. I don't want to do this job further due to lack of interest in the work i am doing and no learning there. My inclination is towards finance,Accounts related career options. Please suggest what are the options i can go for and how to do this. I will be highly obliged to you.

Individual having more than one proprietorship firm like 3 firm and out of 3, 2 firm are cover in tax audit, then Individual assesse require a separate tax audit for both firm "or" combine one tax audit for both firm.

Dear Sir/Madam,

I have applied for new Service Tax registration but after generation of ST-1,I subsequently found that the address of premises is written wrongly. Till date I have not submitted the required documents in department. Can we correct the same in ST-1 which is pending for approval? Please tell me the procedure..........


Thanks & Regards

Ashutosh
9534140352

do company send details of all super distributors billings to vat department. or super distributers can omitt certain bills in there vat returns to save vat recieved from micro distributors

can i apply for nov.final exaim. my 3 months articlaship is pending and i was terminated from articlship last month

I have a query in Books of Accounts to be fianlised for submission of
IT returns.

we have to file IT Returns in ITR 4S. i.e Presumptive basis

In our books, in P & L A/c we are having Closing stock balance higher
than Sales value. Mainly due to heavy purchases towards end of year
and lower sales.

Purchase cost has increased for the product. We are having only
trading business. Sales realisation will increase in this year only
when we sell these products.

we are regularly i.e every year paying IT.

So kindly advice we can submit the Balance sheet and P & L with
Closing stock value higher than full year sales

Please give your suggestion

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Can a PVT LTD company accept loan from HUF in which one its director is Karta or Member. If Yes, please provide with relevant information. Thanks in Advance.