We had sold one House Property at 33.50 lacs which was jointly owned by Mrs. X (83 yeas), first named and Mr. Y (54 years), second name. Then we made investment in two house properties - One residential flat and another Tenement at two different places in the same town. Flat for 12.50 lacs & Tenement is under construction which is supposed to be completed next year at total cost of 23 lacs.
My question is whether i can claim deduction u/s 54 or else of both the houses or not? or can i claim deduction in two separate name? or any other legal manner.?
Please anyone should reply to my query soon. Thank you..

Dear Experts..........

I need your valuable opinion in regarding to the additional depreciation.....


Fact of the query..

We are mainly engaged in the Govt contract and alongwith that our one unit is engaged in manufacturing of pipe and sanitary items for our Govt project.We purchased in current year some plant and machinery for the manufacturing unit...


So my query is that Whether we can claim additional 20% depreciation on plant and machinery purchased for manufacturing unit

HOW SHOULD I GET INFORMATION REGARDING ALLOTMENT OF SHARE FOR CROSS VERIFICATION OF PRIVATE LIMITED COMPANY WITHOUT INFORMING TO THE COMPANY?

WHAT IS PROCEDURE? AND FEES? AND LINK?

Dear Sir, I reside in Kalyan near Mumbai. I have a computer assembling business in Kalyan and also do reselling of branded systems. I have clients which are spread around Thane dist. and Mumbai. I mostly purchase computer parts and systems from Mumbai. So, if I sell these components to a person/organization outside of my Municipal Corporation limit, say, Ulhasnagar, where do I need to pay my LBT? Also what is the % of LBT?

Thanks.

Dear sir,
I am a ca final student and gradute from a recognised university..... plz tell me about the exemption related with the course of CWA and CS...

Thanks

Sir,

Kindly solve the issue pertaining to reverse mechanism used in service tax from FY-12-13

If I appoint a contractor for civil work where the service tax is charged is charged @ 4.94% on bill value (Rs. 100) and the agency is a partnership firm. The bill raise by the agency is Rs. 104.94 in Tax Invoice, where I have made a reverse calculation and accounted the bill with Rs. 100 cost + Rs. 2.47 and the balance Rs. 2.47 shall be paid by me to govt as per the rules of Service Tax.

Query - Kindly suggest me whether the TDS (194C) on this bill will be deducted on Rs. 104.94 or on Rs. 102.47.

Regards,

Lijo Philip

Hello dears, I have a small query regarding TCS.
Will TCS is required to collect on sale of Ship as scrap. Reply me fast.

Exemptions in respect of certain assets.

Sec5(vi) one house or part of a house or a plot of land belonging to an individual or a Hindu undivided family :

Provided that wealth-tax shall not be payable by an assessee in respect of an asset being a plot of land comprising an area of five hundred square metres or less.

SITUATION
Suppose an assessee has following info:

1. House A valued 50L
2. House B valued 200L
3. House C valued 10L
4. Plot of land M measuring 1000sq. mtr valued 500L
5. Plot of Land N measuring 400sq. mtr valued 250L

Query:
assessee can avail exemption only on plotN ?

or

both House B(under clause) and plot N(under proviso)?

Hi

My question is what powers does a chairman cum managing directors have if a director resigns from his post before his term.
What are the powers the chirman have for filling that vacant seat of director. In this case company is a limited company.

Thanks & Regards
CS Sunita

I have been suggested the following books for C.A. Final...
Can u plz help me to choose the best books for self study so that I purchase them..
I need ur reviews on the books..

1-Financial Reporting - Praveen Sharma,Paduka
2-SFM- V.Pattabiram,Rajesh Makkar's Problems & solutions.
3-Costing-paduka,sanjay aggarwal
4-IDT-Bangur,Dipak gupta.