I had sold a plot of land in August 2008 resultinh into some amount of Long Term Capital Gain after the benefit of indexation.
Since I am posted to a place other than my native place and due to professional pre occupation I just kept the major amount of consideration (nearly 90%) in FDR for one year. Please advise me how I can save income Tax on this money.
Also please specifically consider a case where if I deposit the full money upfront with a builder for the purpose of acquiring a new house/flat now whether this amount of deposit will be tax exempt or not.
If yes what will be the status if Builder have no ready flat and propose to offer posession within one year from Aug 2008 and within two year from Aug 2008- The date of actual capital gain?
Direct Response to "ghuliani@gmail.com" will also be welcomed
Regards
Ghuliani GK

can anyone suggest me best book to follow for company law for cs inter

thaking u in advance
chandan :)

hi me got offer letter from bank of india as well as from power grid corporation in this campus. but i am unable to decide between this two options. which company should i select?? very difficult choice to make for me...pls help me out..

An Indian company has deducted TDS u/s 195 on income which accrued and received outside India of a Foreign company having no permanent establishment in India. i.e. though the income was not liable for income tax, the Indian company made TDS. Considering the above facts

1) Can the foreign company on its own claim the refund of TDS?If yes, How and where?

2) Is there is any procedure to avoid deduction under section 195? If yes, WHat is that?

3) Is the answer to the above mentioned queries will be different if TDS is made under any other section?

Please Guide

Dear Sir,

We are manufacturer and are selling material to 100% EOU against CT - 3, on which no excise duty is payable resulting accumulation of Cenvat Credit.

Is it possible to take refund of such accumulated Cenvat Credit? Please also guide for the procedure to be followed ?

Hi,am doing my CWA(final),can someone tell me the proceedure for doing M.Com in IGNOU?

Mr. X works in a PSU wherein employees contribute every month towards a pension fund which is managed by the employees and is recognised by the PSU. Upon retirement, the amount due to an employee is deposited with LIC whereby Mr. X receives a fixed sum every month post retirement. Is this pension exempt from tax u/s 10(23AAB)?

i want to know whether the following expenses are disallowed u/s 40A(3)

there are 3 different bills:
dated amount
15.01.09 15000
19.01.09 12300
28.01.09 18000

the assesse makes a single payment in cash for rs.45300 on 31.09.09

Please provide me with the method of valuation of shares as per CCI guidelines for Part IX private limited company.

Can anyone give me the details regarding the various type of cheques used in business transaction with a bank. Like account payee cheque, bearer cheque, cross cheque etc. I want to know what the different use of these type of cheque and where one can use these one and speciality of each of them.

Regards