plz
anybody tell about my query
how a country goes under recession?
what are the main factors for declaring recession?
how we say japan, germany, us, uk goes under recession?





lambodar

As the rule stands,only LongTermCapitalGainsTax on transfer of residential properties can be allowed exemption u/s 54 provided it is reinvested in a residential property within 1year prior or 2 years following the year of transfer. I understand this is to discourage short-term speculation gains on properties and also to cater to the genuine housing needs of people.
My question is : is there no provision to avoid STC gains on transfer of property within 3 years ? Aperson may taken loan and bought the house property with a long term objective;but due to increasing EMIs and other commitments,he wishes to sell the house and use the proceeds(after discharge of loan) to buy a cheaper house property in the outskirts or some other cheaper property.Why should he be penalised by way of tax on STCG @30% even if he has no ohter property and wishes only to invest in another residential property ? Is there a way or option of proving that his objective in selling the property was not to make profits but only to cut his losses and also to reinvest in another property ?

A co sold goods to a major frn party @ 42 rs/usd.On b/s date co booked d exchange diffrence on the same i.e as per rate of 31 march 2008 of rs 39,but on b/s signing date ex rate changed drastically to 46rs/usd...now wat wud be implications as per AS11 & AS4???wat shud be da rate at which ex diffrence shud be booked by the co??pls help.....

Am a freshly qualified CA. This is regarding the CPE credit.I would like to know how i can get credit through e learning / correspondence, ie. without class room study.
Also i would like to know what good courses i can join, i mean what is the best course available now (i know the list of courses, i want to know the best one)

What is finalization of accounts ? What are the broad steps involced in the process of finalization of accounts?

Hello Friends,

Can anybody advise me on whether Vat can be levied on transport charges seperately charged on invoices?

My Company is paying Rs.1,250/- every month to all employees in their pay slip. This amount has been treated as exempted while calculating tax liability. Without taking any proof/s for amount spent on medical expenses, my Company is taking declaration from employee that the amount received by the employee has been spent for the purpose for which it has been given. Will it be correct on the part of Income Tax Act/Law? What will be the end responsibility of Employee as well as Employer?

My Company is paying Rs.1,250/- every month to all employees in their pay slip. This amount has been treated as exempted while calculating tax liability. Without taking any proof/s for amount spent on medical expenses, my Company is taking declaration from employee that the amount received by the employee has been spent for the purpose for which it has been given. Will it be correct on the part of Income Tax Act/Law? What will be the end responsibility of Employee as well as Employer?

Good Evening.

My query to our respected professionals is that is it true that an individual can not be proprietor of more than one firm or concen. if it is true then give me logic behind this

what is the maximum allowable deduction in respect of Principle repayment