Capital gains exemption in case of investment in a residential property under Section 54: Capital gains tax on selling property was exempt if the money was invested in a residential property in India or abroad. This was interpreted as buying more than one flat in an apartment building. It has now been clarified that exemption from capital gains would be restricted to only one house and within India.

whether use of the word one house is unambiguous?

how many hours are perfect for ipcc group 1 nov attempt from now. suggest me some guidance and proper study pattern to accomplish my goal nov2014 attempt.

I've submitted my registeration form on wednesday (10/07/14) for IPCC under direct entry scheme. Now my question is am i eligible to appear in may 2015 IPCC exams? Since it has been only 4days till now,i didn't receive any mail or letter. I hope my ITT & orientation batches'll start by september. In such a case, from when i should start my articleship?Plz explain me

Dear Sir,
I have applied for PAN with jurisdiction in Dungarpur (Rajasthan). But they have allotted me PAN with Jurisdiction at Durgapur(West Bengal). Kindly note that PAN change form does not have any option regarding change in Jurisdiction AO. Plz guide me in this matter.

with Best regards
Thanks

who is authorised to capitalise the fixed Assets taken on finance lease and who can claim depreciation as per it act , whether to lessor or lesse?

I registered for articles on 31st Jan 2014. I know we can get 9 months to November, But I will have to take leave for studying from August. So will i still be eligible for Nov 2014 if itake leave???

can anybody explain why body corporates are not allowed to appoint as auditor of a company ? what is the reason behind this ? even though llp is a body corporate why they allowed to appoint llp as auditor of a company?

penalty on delay payment of service tax. Excise ,vat allowable or Not.

TDs is applicable if interest on bank deposit exceeds rs.10,000/. In the case of FD, the system of calculation of TDs on FD is as follows. Interest earned and credited during the financial year plus interest accrued till 31st march but not credited. While appreciating inclusion of interest accrued also for TDs calculation, the component of interest accrued so included in respective financial year is not excluded from the interest credited in the following f.y. Ultimately, TDs is recovered based on a wrong calculation formula presently done by many banks. Why this practice is followed which is detrimental to the interest of depositors who are forcibly identified in the TDs bracket due to this incorrect calculation methodology, under the guise of IT norms which is silent with regard to elimination of interest accrued on previous fly while calculating interest earned during a f.y ?

Time limit for taking credit on input and input services: credit shall be taken within six months from the date of the
invoice or challans or other documents specified [change to have effect from 1st September, 2014].

Pl clarify that whether its related to taking credit or utilisation of credit.If its related to taking credit then whats the purpose of this provision.