Sir,Facts are as follows;
1) I sold a piece of urban vacant land in april 2011 for Rs 21,60000/- whose indexed cost of acquisition in 2011-12 is Rs.6,08,000/-.
2)I booked a res. flat under construction for Rs 19,20000/- and agreement for sale was executed on 9/9/2011
3)I paid Rs. 15,70,000/- to the builder till the due date of furnishing returns ie 31/07/2012
4)but unfortunately could not open a capital gains account and deposit the remaining consideration amount of Rs 5,90,000/-.
My questions are;
1)Can I claim exemption for the amount already paid to the builder till 31/07/2012 and pay the capital gains on the balance money.
2) how to calculate the capital gains in the above case.
3)what proof of payments to the builder before 31/07/2012 is required to be furnished for claiming exemption.Agreement for Sale or money receipt of the builder or both?
Kindly reply soon
THANKS
Can any one pls tell me the due date for payment of service tax fron HUF firm?
Sir, in case of transmission of shares, do we give a new certificate or the same share certificate is given with the new name endorsed.
how is the entry made in the register of members ?
i am student of ca-final & want to do cs also tell me the all process to become cs also. icsi allow a cpt pass to take direct admission in cs-executive course.
I was recently joined in CA firm which have mostly clients for income returns filing. i don't know anything about incometax .
so, please show me a path in which i have to go.
one of my client have taken the fixed deposit for the 5 year. but he don't requried that deduction for the assessement 13-14. can he take that excemption in assessement 14-15.
In case their is a contract between a company and a individual for employment and the company restrict the employee from PF benefits but deduct PT is the contract void,voidable or valid. As in a case a company has a contract with an individual for 2 years and have given a designation but have specifically restricted the employee to participate in PF but deduct PT from the salary. Would this be covered u/s 192 or 194J of Income tax? and what is the standing of Contract
If any corporation appoints anybody for a particular no of years on contractual basis which says monthly compensation and gives a designation to the employee, but the employee do not get salary slip and is not entitle to participate in PF then in such a case the tds deductible for payments to such person shall be under section 192 or 194J. What shall be the standing of the PF if the Employer is covered under PF act can such contractual employee refused for PF deduction and is the employeer discharged from his liablity if the employee refuse
Sir,
please tell me, is any change considered in accounts of (CA) final due to applicability of companies bill-2012
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Capital gains and exemption u/s 54f