Income Tax queries [34247]

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Amruta Shewale

07 October 2009 at 15:01

Capital gains urgent

On 1-07-2008, X holds foll equity shares in A ltd.
1000 original shares,dt of acq 10-04-1969 of Rs.1 lac
500 bonus-I shares,dt of acq 6-5-1979
750 bonus-II shares,dt of acq 5-10-1988
1125 bonus-III shares,dt of acq 10-05-2006
On 30-9-2008, X trf above noted 3375 shares @ rs.500 per share (fair mkt value on 1-4-1981 is Rs.8 per share).Find out the capital gain chargeable to tax for the A.Y.2009-10.
Suppose in the above eg the Fmv on 1-4-1981 is Rs.110 per share,recalculate the amount of LTCG and STCG chargeable to tax for AY 09-10,if shares are trf outside a recognised stock exchange on 1-09-2008.

CS Om Daga

07 October 2009 at 14:56

Checklist for issue of shares

Please provide me the checklist for issue of rights shares , bonus shares , buy back of shares in case of listed companies.

nibin

07 October 2009 at 14:44

Wealth Tax

Can cash at bank is taken for assessing net wealth..?

Dharmendra Singhal

07 October 2009 at 14:37

notice u/s 143(2)

notice u/s 143(2) served on 1.10.09 i.e. after 30.09.09
what is the legal status for this notice and is there any case law for this

Mohd Sarfaraz Latibani

07 October 2009 at 14:36

New TDS Rates

Can you provide me new TDS Rates on Rent and other Payments.

Thanks

Sankar Chakraborty

07 October 2009 at 14:32

Excess TDS paid

I have deposited TDS for the m.o. sept'09 in bank in excess of Rs. 9886/- so can i adjust the same with the liability of tds for the m.o. oct'09. which will be paid within 7th November'09 ?

and what would be the accounting entry ?
please help me by answering.