Dear experts,

Can you please help me with the tax implications in the below transaction:

The Case:
Mr. A owns tenancy rights in respect of an immovable property since past 20 years (AY 1994-95). He acquires the ownership rights of the same property in AY 2013-14. He further wishes to transfer / sell the property in AY 2014-15.

The Query:
The query is that will the asset be a long term capital assset or the short term capital asset? Will the period of holding of tenancy rights be clubbed so as to determine its nature as to long term or short term. If the asset is classified as a long term capital asset, will the benefit of indexation be available from AY 1994-95 or AY 2014-15.

Please help me with the above.

Thanks and regards,
Sagar

My company is paying interest on debentures quarterly & the due date for payment for the period from 06/01/2013 to 05/04/2013 is 5th April. do i need to pass provision entries for interest accrued but not due as on 31/03/2013 & am i also required to deduct TDS on the same

Dear sir,

Please clarify the following,

if the pvt ltd co. deposits money with port trust vskp, which is to be used for expenses to be incurred by the co.on behalf of co.s customers and the co.subsequently recover the money from customers,now my doubt is,who is responsible for tds co. or customer and at what point

Hello to all,

I am Vishal Kadam, ( 32 yrs, married ) working as an Account officer in Pvt. Ltd. Co. since last 5-6 years.
I want to know, Can i join CA course and complete successfully. How i can complete computer class and articleship without leave current job ?
Kindly guide me.
Thanks & Regards,

Vishal Kadam

I have completed my CA-inter in the year 2000 now want re-registered for CA-final. Pls suggest the proceedure

Dear sir/ mam
I taken termination from one firm .
this is d 1st yr of articleship to me
i worked for 2 mnths in dt firm ..in hw many days i have to join in another firm for articleship. is der any limit to join in another firm frm d date of taking of termination pleae tell me, if limit s der den i crossed the limit ..wt i have to do..

please help me im in confusion

thank you sir/mam.

Boeing has awarded a contract to an Indian manufacturer for supply of aircraft components. Accordingly, the manufacturer makes the capital investment in machinery required for manufacture of the components. One of the terms of the contract is that if Boeing terminates the contract w.r.t. supply of components, then Boeing shall reimburse the capital expenses to the manufacturer by way of instalments. Whether service tax would be applicable on such amount paid by Boeing and if yes, what will be the point of taxation w.r.t. the same?

Dear Anyone,

We have newly started a Hotel. For the first year of our company. We are running in a loss of profit.

How to take a User Name and Password for IT returns. Which site and what are procedures are required.

Plz Guide me.

Dear Experts,

Can we take Cenvat Credit in case of payment of Service tax on reverse charge?

As we are service receipient and pay the service tax as recipient on Reverse charges like Freight on transport of goods by road, Rent a cab and Security services? Now my question is can we take Cenvat Credit against the payment of Service Tax as we are only Service Recipient not Service Provider?

I want to take credit of Service tax amount which i paid on Telephone Expenses and Profession expenses?

Please clerify me?
Thanks in Advance..

If an employee is appointed as a director in a private company, then will it be sufficient if SR is passed approving the said appointment or CG approval will also be needed?