Please solve my query regarding capital gain & exemption:
Q. In F.Y 2011-12, Long term capital gain is calculated as follows:
Long term capital gain on Gold : 10,00,000
Long term capital gain on House A : 20,00,000
Total 30,00,000
House B is purchased for Rs. 30 lacs
Less : Exemption u/s 54 (For House A) : 20,00,000
Less : Exemption u/s 54F (For Gold) : 10,00,000
Net Long term capital gain Nil
Now in F.Y 2012-13 House B is sold for Rs. 54,00,000 and House C is purchased for Rs. 90,00,000/-
Please tell me the tax treatment and whether exemption u/s 54/54F can be claimed for House C

from when would be exam form of cpt december 2013 would be made available by ICAI

Friends

when advance receipt of rent is liable to deduct TDS

please tel me

Please guide me whether excise duty is to be levied on transportation cost charged from client more than the actual paid by us. For Example:- We are selling goods to client for Rs.100000/- transportation cost charged by us from client was Rs.20000 & amount actually paid by us was Rs.15000. Whether excise duty levieable on such cases. This case is of Rule-5 of CEVR,2000.

we made payment towards electricity exp exceeding 20000/- in cash to electricity company whehter such payment will be allowable exp or not

If an employee is getting a salary of Rs 13,00,000/- per annum ,what are the non taxable perquisites that can be included in the salary structure as per the Income Tax Act/Rules.
Is telephone perquisite fully exempt or are there limits?
If the employer is providing reimbursement of motor car petrol and maintenance bills of Rs 1800/- per month is that amount exempt in the employees hands?
Is there a specific exemption for journals/helper allowance in the IT Act?
Please clarify .

Dear sir,

We need a clarification with respect levy of service tax on the security services which were are rendereing under the name of Akash Security Services Private Limited.(ASB).

ASB is a company which provide security guards to other companies and ASB will raise a bill on cost to cost basis, i,e IF a Company (X Ltd) wants 70 Guards then ASB will raise bill Only the Salary of that 70 guards.

The salary sturcture of ASB(Guard) is as follows :
1. Basic = 4500
2. DA = 2599
3. PF = 885
4. ESI = 295
5. Earned leave = 295
6. Weekly off = 1183
7. Uniform allow = 300
8. Supervisory allow =474
Total =10574

Till now ASB is paying Serive tax on Rs. 10574 @ 12.36 %

Now we are planning to minimise payment of service tax, so what we thought is let us raise bill only on the following components such as :
1. Basic = 4500
2. DA = 2599
3. PF = 885
4. ESI = 295

Total : = 8279

and for the balance amount 10574-8279 = 2295 , The X(Ltd) will pay directly to guard as a voucher payment(as staff welfare expenses ) with out reflecting in the books of ASB.

If we show in this way then we can minimise Service tax @ 12.36 % on 2295/- per guard.

So i request you to please give me your valuable feed back whether the treatment which we have planned is correct or wrong. Here we are paying total amount to guard but our intention is only to minimise payment of serive tax to the government.

If there will be any problem with respect to any law kindly give your valuable suggestion from both companies perspective, i,e from X Ltd and ASB.

Hi,

Actually, I was user of the PAN card (AMCPD9XXXQ) since 2003 but in 2012 I get to know through the HDFC Bank that PAN card Number not exist in NSDL website. Then I tried to reach out to Income Tax Dept. to validate my PAN Card, then Income Tax Dept. has suggested to apply new PAN card because that PAN card not exist in their data base while I was filling ITR manually from 2003 to 2011.

After applying new PAN card I got the new PAN Card (BKNXXXXXXR) in July’12. My previous company has provided me Form 16 based on old Pan Card. While, last year I filed the ITR based on my new PAN card number.

Now Income tax department has ordered under section 143(1) and provided the reason Unmatched Tax Deducted at Source (TDS).

I chekced under 26AS that my current company agian file the TDS in oct'12 based on new PAN card numbers.

My queries are

1. As I received the oder under 143(1) credit mismatch. What can be posibility and How I can resolve the issue
2 Is there any possibility that challan number mentioned in ITR filling mismatched because my employer again file the TDS whcih now visible in 26AS for 2012-13
3. Kindly help me how can file the rectification request? Is there any time limit for this?

I am direct entry student I have registered for may 2014 attempt so that now I am doing itt traing and ot traing inmay match my query is I want to articleship but without itt training I cannot appear for articleship so can I join articlship from 7 jun 2013 bt my ittt certificate will receive on 26 june 2013 my another query is what is last date for joining articlship for direct entry student formay2014 attempt

please confirm me that if a pvt. ltd. co. have received a unsecured loan from directors, then he is liable to pay interest on this loan amt.and if liable to pay interest then at what rate of interest will charged on this loan amt. please provide suggestion about this. \

Thanks sanjay