Sir

How to arrive at the cost for computing long term capital gain, if the property sold is a ancestral prpoerty and the original documents are not found.

In other words how to compute the capital gains if the cost details of the asset ( purchased before 1980) is not available.

we have deducted TDS on payment of an advance for Professional charges at November month of 2008. But now only their submit the final bill and again we deducted TDS for the entire amount with out considering the earlier TDS deduction. Now service provider demand the excess TDS which we deducted in the Advance by cash/cheque.

Whether is it possible to repay the excess TDS.

Pls advice

What is the meaning of Deep Discount Bonds?

I saw this while studying TDS. But i dont know what the Deep Discount Bond is.

Please clarify me

May Please clarify, whether rate of Service Tax is applicable on the date of amount paid for services rended or the date when services are executed.
For example if services are exceuted before 24th feb,2009 and payment made on 28 th Feb,2009.Rate for payment of Service Tax is 10% or 12%?

Employee works in a company from Apr1 2008 to

March31, 2009.

But he receives his annual salary of 600000Rs on Apr 10, 2009.

Will this constitute under Income Tax or TDS?

Please provide with sections.

1) If I wanna gift Rs. 100000 to my mom will I have to pay any gift tax?

2) Will I have to make a gift Document?

3) Do I have to submit such document to avoid my mom from paying tax on it? If yes then where do I have to submit it?

TEST

PLEASE IGNORE THIS.

THANKS

I wish to place my query regarding Form 23AAA. Kindly give me some tips for the process. If possible, send me the format of board resolution and details of attachments to be made for the form. THANKS.

In one case the aso refered to vo for valuation of land as on 1981 under sec 50c. actually the property is inherited and pruchased by the ass father in 1968 .
Can the aso send the same to vo for purchase price of the property under this sec50c? the vo has taken comparative sale instances of 1981 but the ass had gone by the basis of municipal jantri as in 1981 which is much higher then tehe comperative sales instances. THIS HAS BROUGHT THE LTC FROM LOSS TO PROFIT AND HUGE DEMAND.

What is the meaning and procedure for termination? also tell regulatory sections applicable and forms of termination.