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.

i purchased a house with my wife i.e i am a co owner of house. we took a loan in joint name also. in the f.y. 2012-13 we paid interest on house loan is Rs. 236000. Can I claim a deduction u/s 24 of Rs. 150000 and can my wife claim deduction u/s 24 of Rs. 86000 in the F.Y.2012-13. My wife has separate source of income.
plz suggest the answer

I am confused and to know that
Whether in CA Final May-13 attempt
taxable services as suggested in Banger are applicable in exams.
Because in revised Practice Manual i did not find much importance on this topic as in previous editions used to have.
Plz help with this regard from examination point of view.
Thanx.

DEAR SIR,
I AM REGISTRATION CS EXECUTIVE PROGRAM ON 20/02/13,HOW MANY DAYS AFTER I GET ID CARD , REGISTRATION NO , HOW I FOUND MY REGISTRATION NO,

Can an Individual assessee claim tuition fees under section 80C of the Income Tax Act, paid for dependent sister

is there any specific restriction on claiming tuition fee under section 80C

Regards

Ashish

Sir,if there is positive result after Revaluation of paper of dec 2012.

thn whn can i register for final... n for which attempt i will be eligible.

Pls Help:
HS Code 63053900- Non Wowen Packing Bags
I want to know whether this item comes under Excisable Goods
I want to set up factory for Manufacturing of Packing Bags, whether i will come under Excise Act if my turnover exceeds Rs 150 Lacs