AN ASSESSEE HAD A LAND WHICH IS PURCHASED ON 21/03/1980 FOR RS 50000/-& SOLD DURING THE YEAR F Y 2007-08 ON 28/03/2008 FOR RS 1500000/- BUT ASSESSEE HAD NO ANY INCOME BECAUSE SHE IS A SENIOR CITIZEN AND IN THIS TRANSACTION SHE HAD INCOME OF LONG TERM CAPITAL GAIN EARNED ON 28/03/2008 BUT IN INCOME TAX RETURN INTEREST IS CALCULATED U/S 234A/B/C BUT HER'S INCOE IS ONLU LTG &nO OTHER INCOME SO INTEREST U/S.234A/B/C/ IS APPLICABLE OR NOT

It is heard subprime lending is a normal thing in US. Then how come it became a crisis this time? Where did the crisis start?

pe2 student taken admission on basis of graduation (NOT PASSING PE1) does not clear may08 pe2 exam (not even single paper)WILL HE ABLE TO APPEAR IN PCC NOV 08 AND FUTHER EXAMS OF PCC THEREAFTER.

AND ALSO PLZ. GUIDE ABT ARTICLESHIP PERIOD AFTER CLEARING NOV 08 PCC.

sir i am pid extra tds on salary for the month of march how can i adjust extra tds which is i have paid

Can anybody say how to use audit menu in tally package...

Hi

When accounting for export sale (say converting USD into INR), which exchange rate should be used?

Should the customs notified rate for exports for the month be used, or should the bank selling rate be used?

This is important because for a particular date the customs notified rate and the bank rate may be different and also the exchange rate fluctuation to be accounted for at the time of inward remittance will vary.

Thanks

Is there any service tax liability on developers for development of property and land, here developer make a agreement with land owner to develop their land and after all developemnt developer and land owner will take revenue in agreed proportion.

How can an assessee pay taxes online if his bank is not providing such facility? Can he pay taxes via cheque?

An assessee engaged as export as well as local service provider, can take input credit for service tax paid for full amount or are there some conditions attached to same as Export services are exempt for Service Tax?

Is coaching for Ca Final tax needed.I didn't go for coaching for PE2.