Hai everyone,

Query in the form of example: I have purchased Mutual funds in the month of June 2012. i am getting daily dividend on such mutual funds which will be reinvested in those mutual funds daily. i have sold the entire Mutual funds in the month of Oct 2016. What will be my Capital gains?
Particulars Date Amount
If Purchases June 2012 12,00,000
Dividend reinvested June 2012 to March 2013 40,000
Dividend reinvested April 2013 to Oct 2013 15,000
Dividend reinvested Nov 2013 to March 2014 35,000
Dividend reinvested April 2014 to March 2015 60,000
Dividend reinvested April 2015 to March 2016 85,000
Dividend reinvested March 2016 to Oct 2016 43,000
Sales Oct 2016 15,00,000

Mutual funds what i have purchased are debt funds.

Thank You.
^_^

Dear Experts,

We are doing trading business in very small scale in Tamilnadu. We have both CST and VAT number. Unfortunately we have not filed CST return from the beginning (from 2015). We do purchases from other state, but we dont sell to other states.

Can we file CST return now? Will it attract any penalty? We dont have any CST sales.

Find below the details of receipt from ABC Chit Funds:

Amount due 2000000 (auctioned amount)
GST 15000
Bank charges 1500
Net received 1983500

Kindly provide the accounting entries for the above transaction

The Arthakranti Sansthan has proposed a formula which, if implemented will be the greatest ever reform in INDIAN history. It has proposed to adopt the Banking Transaction tax (BTT). I think as a CA pursing student, it will increase transparency, efficiency and reduces compliance costs. Is the adoption of BTT the way forward for our economy to proper?

Error! GSTR-1 Save/Action on Counterparty Invoices/Submit are not allowed for current date, Please visit https://www.gst.gov.in for details on GSTR-1 timelines. HOW TO SUBMIT

Error! GSTR-1 Save/Action on Counterparty Invoices/Submit are not allowed for current date, Please visit https://www.gst.gov.in for details on GSTR-1 timelines. HOW TO SUBMIT

small private limited company making loss since last 3 years. is it needed to file form 29B?for whom its compulsary to file the form?

In 1992 some shares of quoted Cos were transferred in two cases of death of holder

1. Jointly held - Death cert submitted by Administrator mentioned in Will but not probated and no succession cert.One joint holder could not sign

2. Singly held - Death Cert submitted By Administrator mentioned in Will but not probated and no succession cert

As it is many years ago need your advice please owing to legal issues.

Telephone bills, Electricity Charges Bills, Transport ki LR (Bilty) and there are so many other expenses also as upon which GST has to be paid. Whether to claim the Set-off on such expenses first of all the GST Receiver has to be registered on GST Portal as I have heard something like this only,

If due to ICDS 2 we include VAT and other taxes(for which credit available)in closing stock for tax computation purpose,do we need to create Deferred Tax Asset even for sole proprietorship concerns also??If yes then what will be the tax rate--will it be Avg Tax rate?[derived by (Tax payable/Total Income)]
And even that has been done how will it's reversal be done if in next year different tax slab applicable for that assessee?
please offer your valuable suggestion..