I am having long term capital gains on shares on which STT has been paid. I want to use indexation to increase the cost of acquisition and show smaller tax free gains in my return. Is this allowed?

Respected Experts,
Pls reply me, professional tax should be deducted on basic salary or gross salary.

thanking you,

Company secretary appointed on 03.06.2011.Show cause Notice received from ROC for the financial year 2010-2011. Date of signing of balance sheet is Agust 2011. whether company secretary is liable to be compounded.

please reply to my query with certain case studies.

Regards

My cousin grand father is NRI and has sold his agricultural land in October 2012. The land is in rural area 25 kilometers away from municipal corporation. He has transferred all the money from sale of land abroad. I want to know that will my grand father will be taxed for this sale of agricultural land ?

Hello experts,

I am filling my pension details for the first time in ITR2. However I cannot understand the following. Your help will be appreciated.

1. Under which head will pension come in ITR2? Salary seems to be the only option.

2. What will be the employee category for a retired govt. employee getting pension? The comments (red pointer) on the sheet says 'select OTH if not in employment'. Shall I select GOVT or OTH, since I am no longer in government service?

3. Do I have to fill the employer name in the relevant boxes even though I am retired?

Thank you

is d result of IPCC may'13 on 31st july????

During the year end, I passed adjusting entries for outstanding entries like salary, prepaid expenses etc. Do I need to reverse the above entries at the beginning of next year? If yes, how can I do it in Tally? Pls tell me the entries too

I am a service provider and provided services during April to June'12 when such particular service was exempt. It became taxable w.e.f. 01-07-12. Invoice for the same was raised during the month of Sept'12.
What should be the invoice amount raised for the period April to June'12?
Is it inclusive or exclusive of service tax?

One of my clients has purchased a property of more than 70lacs & its sale agreement was made before 1st June 2013,by paying 20% as down payment, the rest of the amount to be taken on loan.The loan was sanctioned in mid july. So whether he is liable to deduct TDS u/s 194IA & what is the exact procedure if is liable to deduct TDS.

I have sold a residential plot on 21/11/2012 for Rs 6500000. Cost of acquisition is Rs 1948302 without indexing. And Rs 2288605 with indexing.
I got the allotment on 25/04/2003. So I am eligible for capital gain exemption.

I have booked a flat on 7 May 2010. I have made a payment of Rs 3628099 till date.
I have consulted a CA and they say that I can only claim the last one year amount not the complete amount and that amount is Rs 2310630.

I have to make Rs 1000000 more payment in the flat and I want to use the balance amount ( 6500000 - 2310630 - 1000000) in the interior of the flat.and before Nov 2014.

In allotment letter it was written that I will get possession in 36 months from Dec 2010, that is due in Dec 2013.


Few of my questions is :
1. Can I come under 54F ?
2. Can I claim the exemption for flat which was booked in year 2010. but the construction is still going on and only on the amount that in paid in last year of date of sale.
3. How much money should I put in capital gain scheme account before 31st July to save my complete tax.
4. I have taken a loan from my sister to pay the booking amount that I paid back to her in Oct 2011 . A month before selling the plot. Can I also claim that amount for exemption?