One of my client being an individual has owned a Residential Plot purchased in 1985-86. Hence it is long term capital asset.the he sold the same in 2013-14.the Long term capital gain comes to near about Rs.800000/- after taking benefit of indexation.Now to avoid long term capital gain tax @ 20% i.e. Rs.160000/- whether he can invest the entire gain in another residential Plot or invest in other manner under section 54/54EC of I.T.Act & whichever is more beneficial from tax point of view

is partnership firm entitle to compulsory dissolution, if its capital account suffer debit balance i.e negative capital a/c. the same is due to excessive withdrawal of funds from firm by partners and which is last for 2 months.

what is the consequence please any body help.

Can I get the benefit of this section if I am staying under Lease option instead of monthly rental payment provided other conditions are fulfilled.

Dear Sir/Madam,

Can u please give me details regarding Statement pursuant exemption granted u/s. 212(8) relating to Subsidiary Companies.:-

Regarding for :-

Total Assets (Fixed Assets + Current Assets)

As per new schedule VI can u send me details which can i add for fixed assets + current assets

A Builder, Partnership firm purchasing land valued at more than Rs. 20 lacs in the name of partner due to some technical reason. However, It is mention in the Deed that the Firm will purchase land in the name of partner and such land will be considered as the stock of the firm.

Now, The registration will be in the name of partner.

Who is liable to deduct TDS ? FIRM or Partner.

EXPERTS,

CAN WE TAKE CENVAT CREDIT OF SERVICE TAX PAID(SERVICE RECEIVER) ON TRANSPORTATION OF GOODS BY ROAD.

sirs, would you please clarify, is the following are valuation parameters of answer paper for ipcc:
1. marks will be awarded on stepwise solution
for all the practical questions even the
answer is not correct.
2. law and auditing papers were too given marks for the presentation answer and interpretation question as explaining answer where the valuer has been satisfied with that answer.

Dear Sir,

We hare getting services from clearing & forwarding agent for import of materials from Malesiya , for above consignment our clearing & forwarding agent has getting services from others agents and sending his bill by raising the Debit Note and attaching bills of other services, we are paying payment to our agent directly not to others.

Can we deduct the TDS on above other services for reimbursed payment.

can anybody let me know if a person having M.Com with (Advance Costing)as special subject and part time PGDBM MBS degree in Finance can he get exemption in the CS Executive programmer and if so what is the procedure for it

I have a query about service tax on Transportation portion.First i explained our business activity, we are importing coal from Indonesia and sale to within India, here we are hiring trucks from logistics company on contract basis for transportation activities Here my doubt is this kind of transportation based services from our side service tax applicable are not kindly advise me