A house was purchased in 1980.Due to non-delivery of the same by the seller the assessee could'nt occupy it.Assessee bought it in the name of his wife, who is not an assessee.

A petition was filed which took many years to get it decided.Registration Charges were paid to the court in 1982.

Now, in the year 2006, dec. the verdict was in favour of the assessee asking him to get it registered.

Upon sale will it be a Short Term or a Long Term Capital Gain, if it is sold in Jan.2007

pavan kumar.
visakhapatnam.

A public charitable trust was formed in 2003 and registered with the sub-registrar. The trust has property. It has not registered itself under the Income Tax Act. Now that the deadline 31st May is over what will be the position of the trust.

I am CA final student. I have an Query About tax on Non-Listed Securities. I want to know the applicable Tax Rate for LTCG/STCG.and pls also give refereance book/material.

I am CA Final Student. I have an Query About Capital Gain on Non-Listed Shares.I want to What are the Rate applicable on it 10% or 20% for STCG/LTCG and it can avail option 1(10%) or option 2(20). Please give me the referance Material/Book also.

1.Suppose I am having two house properties at different places out of which one I will occupy for self and In another My parents stay ( native place). Can I claim one which I tay as self occupied ant the other as deemed self occupied.

2.In another case Mr X stays in one potion of his own house and another portion gives for lease for 3 years. What is the treatment. (he is not getting monthly rent)

Murulidhara.S

I bought a house plot & registered it on 10-06-2003 and sold the plot. The full settlement is received on 15-06-2006 and registration is completed on 28-06-2006. I am taking it as a L.T. capital asset for Exemption purpose. Is it correct as per the I.T. Act. Pl. clarify

Thanks
R.Devadass

please confirm the date of issuance of FOrm NO. 16A & 16. Whether it is 30th April, 07 June of 15 June

Could you share a tempolate for HUF deed.
Pl also let me know the mandatory steps for formation of HUF i.e. opening bank accounts, seal of HUF etc.
Also pl let me know the ways of generating corpus in first instance for the HUF?

whether the TDS shuld be deducted on service tax amount if an company is paying the rent income to landlord after charging the service tax.

We have entered agency tie up for business. and the commission is to be paid on the amount collected from customer/ agency. This commission payment is subject to the outstanding of the customer. If the outstanding is within a particular limit, commission will be paid otherwise it will be paid only after collecting the overdues. In such situation, if i make any provisions in the books for agency commission whether TDS is required to be deducted