From 20.06.2006 to 31.03.2010
1. Composition Scheme U/s 42 (3)- Under this scheme developer has to pay 5% tax on the agreement value. Land deduction is not available. Input tax credit is available subject to the reduction of 4 per cent.

My Query is developer has to pay 5% tax on the agreement value
OR
Higher of Agreement value or Value specied for stamp duty purpose

Cheers everyone..I have a doubt regarding notifications being issued..All notifications issued by the respective body(cbdt)or regarding 'AS'etc.Do they override law or if not Why are they being issued??

Please any one can advice about the Karnataka VAT on Gifts given as free during festival season sales to customers. Whether the items given has free to be billed and taxed. Also please advice about the free gifts given to the walking customers in a retail show room for the lucky draws won by the customer.

Doraiswamy

Does knowledge of french language or any other language help CA? Do you think it might be an added advantage anywhere?

I have been trying to find this but not able to find any connection. I have done A2 level from alliance francaise. and I am doing CA now. I was just thinking will it help if I continue learning my french as well but if it is of no use then I might just forget it.

May be people who have experience of this industry can throw some light on this.

If yes, then in what case. Please advice.

Thanks,
Neha

Hi,

I knw a person whose completed the Articleship , but couldnt clear the PCC , so now if he wants to switch over to IPCC , what is the process?

Thanks & Regards,
Binita Behl.

sir , I have a query regarding Reappearing for groups(s) after passing it in the previous attempt . Actually My Friend have passed Group III ( Finals )of ICWAI but wish to Re-appear for it again in JUne 2013 attempt,along with Group IV again to gain additional benefits and good percentage .Do CA & CS institute allow such thing . Aditya(Nagpur) .

Dear Sir,
Suppose an individual sells his ancestral residential house and after that sale he purchases an agriculture land from the sale consideration. Whether he will get exemption u/s 54 or he has to purchase a residential property from sale consideration to get exemption from capital gain.
Please advise me.

What if I have filled return properly but still have not got back my tds amount, now what can I do get it back....

Hi,

i work for a MNC and my timings are 10AM-11PM and my week offs are sat and sunday. i am not finding time to study for my ICWA. i am thinking of giving an attempt of my Grp1 in June. can you please help how to prepare in such a tight schedule.

Sir, i am article doing audit of a loss making listed sugar factory. the scope of our audit is to prepare system for the client. i want to know the points on which i can audit the accounts and store deptt. pls also suggest some policies which the company should adopt to strengthen it's internal control.