Alok Kumar
24 February 2013 at 21:10

Which book to refer ?

Sir
I am a CA Final student and going to prepare my corporate & allied laws paper.I am confused about the reference book. I have found Snowwhite publications for other subjects good but I have a doubt whether I should go with Snowwhite publication of Corporate & allied laws. Please tell so that I can start with my preparations.

Thank you


Goongan

Dear Expert

In ICWAI Final there is 8 Paper (P11, P 12, P 13, P 14, P 15, P 16, P 17, P 18). I got Exemption in P12 & P 14.

In Next attempt whether marks of exempted paper consider?

Whether marks of one group set off with other group.



Kapil Tiwari

A vacant plot of land was sold for a net sale consideration of Rs.1,10,36,000/-. The fair market value, after indexation, of the land, as on 01/04/1981, was Rs.19,39,091/-. Hence, Long Term Capital Gain was Rs.90,96,909/-.

The following are the investments made for claiming tax exemption:

1)Rs.50,00,000 in NHAI plus REC bonds for exemption u/s 54EC,

2)Rs.35,00,000 in a residential property for exemption u/s 54F.

Please advise:

a)computation of the total tax exemptions that can be availed,

b)total Long Term Capital Gains Tax payable after considering the exemptions.


Parth Magia
24 February 2013 at 20:33

Capital gains

Respected Expert,

Suppose,

we were occupying some part of land since last 4-5 years, the same land was not belonging to us in any manner. we had just established our existence over there by keeping our stock there and there were no one to look after this land so far.

Now, we are in receipt of some money from the new buyer towards the compensation to vacant the land.

Does that fall under Extinguishment of Right and be taxxed under CAPITAL GAIN ?

if Yes, Can We claim Deduction under sections 54 F / 54 EC ?

Revert at your earliest

Thanks in advance



Anonymous
24 February 2013 at 20:31

Companies act revised yet??

Has ICAI changed the syllabus of IPCC paper 2, Business Laws Ethics and Comm. owing to this bill relating to Companies Act?
I could not find the updated syllabus on their website nor an answer to whether the revised Act will be applicable for the nov 2013 ipce.
thanks.


amit sawhney
24 February 2013 at 20:30

Regarding examination form

sir, maine apna IPCC examination form ICAI Bhawan 52,53,54 Delhi Shahdara pe dispatch kar diya hai. Mere friends keh rahe hain ke Indraprastha vale address pe karna tha. Now mujhe ye pta karna hai k jis address pe maine form bheja hai, kya vo theek hai?


VISHAL K BOHRA
24 February 2013 at 19:07

Applicability of revenue stamp

when the employees of the company are receiving their salary in ECS mode directly deposited to their bank account (i.e. No Cheque no Cash)
Where the company is under the obligation to use revenue stamp as per stamp act for this payments provided that the payment has exceed the limit of Rs.5,000.????


yoga7585
24 February 2013 at 18:41

Service tax on courier agency

I am having courier agency franchise of Reputed Courier company..due to agreement of franchise i`m taken service tax registration number..but actual courier service provided during the year near about only Rs. 4 lac..it is mandatory to file the service tax return and any consequences for not filing the service tax return......please give me suggestion...

Read more at: https://www.caclubindia.com/forum/service-tax-on-courier-agency-240486.asp#.USoQ6Gfu5Ao


Shaishav
24 February 2013 at 18:21

Ipcc provisional exam form

Good Evening Sir
I Have converted My registration from PCC to IPCC but yet i did not get ipcc registration.I have also filled Provisional exam form for MAY 2013 what will be consequences for exams



Anonymous
24 February 2013 at 18:16

Depreciation and capital gain.

Dear Sir,
Here my query is that
1)Mr.X purchase new car Rs.150000/-(Buy dt.30/09/2012) in replacement of old car which value as per balance sheet is Rs.25000/- (buy dt.02/04/2007) but received replacement amount 35000/-. I want to know that his old car is liable to capital gain & also for depreciation ??





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