whether stt should be deducted from sales considration received from sale of shares for the purpose of calculating the short term/long term capital gain to achive the net sales considration.
whether it should be added in cost of aquisation of shares ....

whether stt should be deducted from sales considration received from sale of shares for the purpose of calculating the short term/long term capital gain to achive the net sales considration ?

a rent is paid for house own by wife and more over there is join home loan in the namwe of husband and wife both
the husband want to take benifit of both HRA as well as home loan is he able n consiquence??
house is in the name of wife only

Dear Sir,

One of my Client , wholly ownred State Government company procedding to merger with other two wholly ownred State Government company .In such case , what are the tax liability for the transferor company ?

Hi Friends, i need a clear cut explanation regarding deduction of tax at source.
Whether tax is deductible on amount inclusive of service tax or exclusive of service tax?

One employee has not claimed interest on Higher Education Loan for the A.Y.2007-08, and filed his Income Tax Return without claiming benifit of Sec-80E, also employer has deducted tax at source, now he wants to take benifit of Interest paid in P.Y.2006-07 in current A.Y.2008-09. Is it possible? and if possible how? Please reply ASAP.

Regards,
Sabir Mulla

1. IF HUSBAND & WIFE BOTH ARE WORKING WHO CAN CLAIM THE HRA EXEMPTION WHETHER HUSBAND OR WIFE OR AT WHICH PROPORTIONATE THE EXEMPTION WILL BE CLAIMED.

IF THEY ARE PAYING THE RENT FOR ACCOMMODATION

IF THEY ARE WORKING IN SAME COMPANY OR OFFICE

IF THEY ARE WORKING IN DIFFERENT COMPANY OR OFFICE

The assesse is partnership firm engaged in the business of construction of apartments and real estate. During the Financial year 2006-07 they have acquired a piece of land at a cost of Rs. 1,84,00,000 in order to construct a commercial complex. Subsequently, during the financial year 2007-08 they have entered into an Agreement of Sale to sell this piece of land without any construction for a consideration of Rs. 1,92,00,000 and received Rs. 45,00,000 as advance in the month of December 2007.They have registered the Sale Deed in the month of Feb. 2008.By this time the market value of the land for the purpose of Stamp duty was enhanced by the Government and the assesse firm was forced to adopt the market value of Rs. 2,30,00,000 for the purpose of stamp duty.

What is the remedy available to the assessee to avoid the provisions of 50C

1] one advise is to round off to nearest rupee - as per sec 288
2] TDS chart developed by CA says round off TDS to nearest 10 rupees

pl tell me whether point 2 is correct, if so, give me section reference
my friend CA also suggested to round off to nearest 10 rupees, i am not getting section reference, pl help

i immensely thank CAs for quick respone on my previous service tax and TDS query

awaiting your response

from my NSS withdrawal,an amt. of Rs.10000/- was deducted as TDS in JULY 2007.
my advance tax instalment due on 15 sept was paid up which was Rs 500/-or so short of 30%.
but taking into a/c the TDS amt. it works out more than 30%.
i am charged with interest u/s234(C)
is this justified?
pl.guide