Dear sir
Kindly help me on this. My client has sold some mutual funds which is long term capital asset. It is not a regular business of him. So will this attracts capital gain tax r it is exempted like long term equity shares ?

My friend filed the ITR-1 electronically
Address is wrong in that.
How can i change my address in that form
Till date i haven't posted the ITR-V form to
Income tax department.

Please help on this .

I am student of CA final residing in bhubaneswar. I am finding a good book for indirect tax. I purchased last week IDT book written by V S Datey which is waste of time and money. Sanjay banger book is better but I do not like question answer format. Kindly suggest me a good author book with its availability for bhubaneswar which contains clear understanding on the subject for CA final syllabus. I have to appear and pass november exam.

Hi, there

My question is what would be the tax treatment and provision for yer's contribution as sixth year instalment of single premium towards past service gratuity liability.

As far as I know for income tax purpose initial contribution as past service gratuity can be made either in lumpsum or in five instalment not more than that.

Thanks.

I ashish desai registered under direct entry scheme. I sent form on 14/05/2013 online with ACKD11174549. And as per institute requirements I send all documents on 15/06/2013 from JAMNAGAR. But still today I not have WRO NO. As well as books letter. I complete my orientation & IT training. Pls reply me.

Sir I have forgot my roll no of May 13ipcc second grp so how can I get plz reply fast

Dear experts,

A person having 2 House property (suitable for commercial let out) and 1 plot. He let out the 2 House properties for commercial purpose.

Now he sells the plot and invest the money in residential house.

whether he eligible for getting exemption u/s 54F.

Because in the section 54F, it has been mentioned that Not having More than 1 Residential House at the time of transfer of the original asset.

The person is not having Residential House at the time of transfer of Original asset, he is having only Commercial let out property.

Note : Now the person is staying in his spouse house.


kindly clarify me.

Whether Ex-gratia and Bonus is to be treated as a part of salary while calculating exemption of House rent allowance u/s 10 (13a)

dear expert sir/madam,
Me and my friend started a consultancy firm as a pvt. ltd company.only two of us are the director of company for 50:50%. i want to ask when we earn money than after paying tax and all the expenses like ( payments of directors, payment of employees, rent, other expenses). can we both director the remaining money for self as we want if yes than how ? because we both want to buy home and our all money is coming to our company account.

Sir I am working in PSU and received form 16 as under Gross Salary Rs 1012500/- Exemption u/s 10 nil , P Tax 2000/- Net Salary Rs 1010500/- we have received Transport allowance and special allowance and get exemption of u/s 10 for Rs 800/-pm for transport allowance and Rs 1050/- special allowance and same was already adjusted in gross salary (i.e employer has directly deducted exemption in gross salary and did not show separate exemption under sec-10) please guide me which ITR form will be applicable for me ITR-1 or 2 Thanks in advance