hello experts.. my ques. is if we sell the residential propery on march 2014 and use the proceeds in mnth of april 2014. Now m i elegible to get the exemtion granted under section 54 for the FY 2013-14. or i will have to pay capital gain tax and claim refund next year? and is it mendatory to deposit proceeds of sale of property in capita gain scheme a/c?

Dear Sir,
My friend wants to sell his property in Bangalore. The property’s (30 *40 feet) market value is Rs 60,00,000/-. The same area’s guidance value is Rs.2500/- sq.feet. He has got one buyer and ready to buy at market price but he is insisting to register only at guidance value which is Rs. 30,00,000 (1200 sq * 2500). Buyer says he will pay Rs.30,00,000/- by cheque/dd and balance amount by cash. My friend has shortlisted another property of Rs. 75,00,000/- lakh and proceed of this sale is going to be invest there. Regarding this transaction we have following question
1) Can someone register property which is below market value (guidance value) ? Will it cause any issue for my friend either from income tax or from registration department?

Thanks in advance,
Regards,
Bhaskar

A comany has share application money received pending allotment for two years. now the company wants to allot share. is there any consequences regarding this. can company allot share after two years. share application money pending allotment is shown in the balance sheet of company for last two years.

My ca firm takes works from us minimum 8 hrs for 6 days a week..and no credit is givern for overtime..he even calls us on sundays..he sends m to houses of people to collect LIC documents n cheques..n basically he is a agent of ca..can i do smething.? Plz help.how shud i tok to my sir on these matters or shud i say no to such work?

hi req u to suggest the best book for accounts n audit for cs executive.

hi..everyone myself muzammil...written may 2014 ipcc group 1 exams .... still 1 month for results...i dont know i will pass/fail completed my itt programme today.... i want to make this 1 month useful.... what should i do...? i want to pursue good knowledge from my subject... but i cant open ipcc books....in holidays please give some idea.. of making some useful things about our carrier...

cenvat & excise vat means both same ?

i have one doubt please calrify...

i purchased one excise stock from manufacture 10 units @150rs and duties he charged 180 total.

now iam selling same stock with @180rs per unit.
now i need to pass same duties...? means i need to pass only 180rs as execise duties.. please help me.

it would be of great help if you could kindly plz through light on following subjects :

1.Sfm i have solved the study material of a local teacher.what next to do

2.audit : confused with surbhi bansal , v k agarwal , VIKAS OSWAL and padhukha

3. IDT : read from CA Raj Kumar material ( but not personally satisfied, with due respect to him) and confused with ca n raja shekhar book . saw his noes on caclubindia (liked them) or any other refernence book which you may suggest except bangur.

waiting eagerly for your valuable inputs

I am a m.com graduate & direct entry student to IPCC. now its the time to start my article ship . only after the completion of 9 months training I am allowed to write IPCC. but when I approached many C A firms , they are not ready to take direct entry students as their articles. most of them indirectly mentioning that cpt root students are goal oriented & they are determinant to become C A where as direct entry students are not. I searched in almost 26 C.As & totally disappointed. why they consider us as second quality? then why ICAI has introduced this scheme?what's the use?

frndsss.. pls suggest me any gud book for sfm that can be used for self study...