Let us start discussion of capital gains
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
ok I hope the last post & discussion was clear to you
Madhavi
(CA - FINAL)
(1342 Points)
Replied 25 September 2012
ha clear in that i got the point that improvement costs before 1.4.81 is not considered and the value which is hgiher has to take as cost of acquisition as it is beneficial to the assessee
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
Hmmm.... smart & intlgnt Girl, M sure now you will be a ranker. Ha ha ha Haaaaaaa
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
Hmmm.... I know You ar Googling the Book Na..... Hmmmmmm.... do it mam do it & kill me
Madhavi
(CA - FINAL)
(1342 Points)
Replied 25 September 2012
what for googling today it is your turn to ask questions and also replies also giving good explaations to me
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
Arey what Boosting & boasting. I am happy that I could make you understand the concept so easily
Madhavi
(CA - FINAL)
(1342 Points)
Replied 25 September 2012
i think this dt and idt one cannot read singly by discussions only we will get interest and everday when i want to study dt, i feel to postpone as to start , i don't know y?
Madhavi
(CA - FINAL)
(1342 Points)
Replied 25 September 2012
then tell me next that no improvement costs consideration before 1.4.81 and next topic what?
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
Me questions & me only answers ? hmm again a smart move. anyway now tell me in case of compulsary aquisition when the property is aquired in 2010 - 11 & consideration recd in 2011 - 12 which year index we should use for calculation of CG & when should I pay my Gains tax. Index for 2010 - 11 is 731 & CII for 2011 - 12 is 785
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
Arey mam DT is the easiest & IDT the simplest. AMA very easy & ISCA is just Think & understand it in a practical sense & you have done it
Madhavi
(CA - FINAL)
(1342 Points)
Replied 25 September 2012
indexation of 2010-11 i.e 731 has to be taken and we should pay in the year when we received consideration.
Yogita
(Partner)
(434 Points)
Replied 25 September 2012
Mammmm You need to build confidence na... then no googling the book. Just answer what you know & remember & see how I make you spontaneous & confident, Its my confidence in myself that i can make you strong in DT
CAclubindia
