CA Hemant T Dewani's Expert Profile

Queries Replied : 955

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RamaKrishnan says : guide me plz
I have offered CTC Rs.2 Lakhs with a Basic of Rs.8, 000/- Our HR person has informed me that my Basic exceeds Rs.6, 500/- hence, PF deduction is not compulsory. If I haven’t opted PF deduction then I can take home my salary without any deduction. If I have opted PF deduction, then the company’s share also will be deducted from my salary (that is CTC). If I choose PF what benefit can I enjoy? If not what am I loosing? Guide me plz.

annasrikanth says : hi sir
m doin articleship in raichur, karnataka, i got my attempt on may 09 for pcc exam, please suggest me how to prepare for the exam mentally n physically, my sir strictly said that e will not holiday for not more than 2 months before exam, now i m undergoin coiaching n sir given me 4 months leave, how should i prepare for the exam with office work(articleship)

Shobha Anil says : Sec 80R,80RR,80RRA
I would like to know whether sections 80R,80RR,80RRA are omitted or not from INCOME TAX ACT 1961.If omitted the financial Year in which it was omitted.If not omitted why does not T.N.Manoharan book contain the sections in the sections list given at begining of the book.

Nitin Sh says : help sir
hello sir my name is nitin shukla.i have joined ca course in aug 1999 in ca inter course at new delhi.my first attempt of ca inter exam begain in nov 2000.i have got my elegibility certificate for both the groups under sunday test scheme .i have completed my article training in aug 2002.but unfortunately i have not passed the any of the group till may 2008.i have lost my all the attempts.what i do sir to rejoin ca.with the above said condition what is the criteria of institute.what i do to rejoining and continuing my career with ca course.please tell me the procedure and step i take to rejoin: 1)what it is neccessary for me to take 100 hour IT training.and also 2)what i get full credit for already taken 3years article training. 3)what my elegibility certificate is consider if not what i give cpt. please sir read my situation carefully and suggest me the right step which i take to rejoin.if possible please make enquiry from institute with given information.my inter regn.no.is DD 058864 and new pe II regn.no.is NRO 0108506.i will very grateful to your self.please help me out.

pavit says : capital gains tax
In 2005 i inherited residential property from my father. Sold the particular property for 36 lacs in 2005 itself. Bought a plot of land worth 17 lacs(including registration charges)out of the sale proceeds of the inherited property. both these transactions were reflected in the Income Tax returns. Constructed a house on the said plot and completed the construction by December 2007. I intend to sell the newly constructed house by july 08. It is likely to be sold for approximately 60 lacs. After which i propose to purchase a plot of land from the sale proceed for about 32-35 lacs. and later construct a house on that plot. Please advise me on the following issues: a)if the money earned from sale will qualify for capital gain tax? b)what will be the tax liabilities like and under what provisions of income tax clause do they fall? c)are there any provisions for exemption / relief for this?