Mrs X had purchased land before 1.4.81 and constructed building on it(Grnd + 2). Her sons formed a partnership firm in say year 2000 for constructing additional 3 floors by acquiring a TDR from XYZ ltd.Mrs X passed away in the year say 2004 and by will the property passed in favour of her sons.Now they have retained the 1st floor for their residence and the rest have been sold in the year 2006. so my question is:-
a)how do i calculate capital gains tax ?

b)the firm in its B/S shows that it follows Project completion method but have not recognized revenue according to the said method so far and the land and the buld is not trf to firm. so should partners trf asset at book values and then calculate capital gains tax or.....?

Plz help me out with this query of mine ASAP!!!

I amlooking for answer with some sections or case law. My question is during a interview they ask me that if board declare dividend which is later passed by member but company did not pay then what will happend

Assets has been puted into the floor of factory,but no commercial operation is yuet started .Can I claim the depreciation.AO is questioning on Put To use.

Whether the deduction under section 80 C for life insurance services availed will be available of the gross premium paid or amount net of service tax if the breakup of the premium charged is mentioned in the Life Insurance receipt.

hai am harini
studying ca pe2 i want to change pe2 to pcc.so i went to icai institue to take details about pcc there madam to told that pe2 students cannot change pe2 to pcc.anyone please help me what to do?

hi
i am a ca final student and my attempt is nov.09 .i wanted to know that when should i join my coaching classes so as to complete my classes in time and have time for revision

if we have purchased an item of sales promotoion and paid excise on that so,whether we have to pay FBT on aggregate value or value exclusive of excise.

Recently ITAT-Jaipur has given a judgement in the case of Maharaja Umed Mills that Deferred Tax Provision should not be added while computing Book Profit u/s 115JB for the purpose of MAT. Whether ITAT is right in holding that decesion?

Please provide your comments and advice.

XYZ Ltd receives an input invoice on which service tax is charged. It bonafide makes the payment of Gross bill value to the vendor.

The vendor duly pays the tax to the credit of Govt. in view of Section 73A

However, later it was found that the service on which such tax was charged was not taxable u/s 65(105).

Now will XYZ Ltd be entitled to availed the Cenvat credit of Service tax which it has paid bonafide and which is already deposited with the Govt as Service Tax.

Ajay

Hai Friends,

I am now in India. I will be stayed here next one or two year. I am very interested in International Business and like to get a Foreign Professional Qualification (From any country Institution) like CIMA, CIIA from ACCIA offering by Switzerland in India. Which is possible to do in India those degrees or not?.

Please friends suggest me a good guidance

From which Institution can I do Chartered Financial Analyst CFA. Because ICFAI, Tripura cannot give CFA?

What about Chartered International Investment Analyst CIIA from ACIIA Switzerland but it is founded in June 2000 and its importants?

How I can join this?