Dear Sir,

Happy New Year

(Property Owner :- Business of Resturant & He is a Proprietor of his Business )
I want to know If I Purchase I House (Property) of Rs.150000/- on 1998-99 & Sale it for 850000/- in 09-10 and Purchase New House (Property)for Rs. 950000/- on 09-10 within 5 Month after sale of Old one.

I want ot Know Can He Show his Old House as Property with Rs.150000/- in Balance Sheet of of 1998-99 onwards to 2009-10 or not ?
If yes What about Difference of Sales Price & Purchase Price of Old ?
Afterthan What about Tax on New Property ? would he has to Pay tax or not ?

Pls tell me Detailed Info...about this matter and I miss Something in it Please add in your Reply

Your Replies are really important to me.


Thanks in Advance

Dear SIr/s,

My Client is doing Quarry and Give Tax from Tax invoice but He is Collecting Tax from Both Tax Invoice & Retail Invoice at Local Sales.(Gujarat)

How Can it Possible.

Can you tell me the Difference Between
1) who is Collection Tax From Tax Invoice only and 2) who is Collection Tax from Both Tax & Retail Invoice

Pls help me in my Confusion(Detailed)

Thanks a lot for your reply in advance

Dear sir/s,

I want to Know When Tax Paid on Purchase of 1000/- for example. and takes from sales rs.800/- so diff. of 200/- is credit

My query is that rs. 200/- where we have to take in Tax or in Additional tax Credit?
or take Consolidate.

Thanks in advance

A private limited company acquired in 1986 commercial property which consists of open land and building thereon. It has let out the entire said property to one tenant and is earning rental income from this property.
The company has also been claiming depreciation on the said property.
The company does not have anyother income.
The company wants to sell the property. Can the company be exempted from paying Capital Gains Tax if it reinvests the sale proceeds in another commercial property? If yes, what are the conditions to be complied with?
Thankyou

What are the criteria to become a Tax Consultant.

Can a B.Com graduate student can make his visiting card writhin tax consultant.

In a case, there is Spelling difference in Client's Registration name as per VAT department & as per Client Name. On VAT records it is "Lakshmi ..." while business is running in the name of "Laxmi ...". Will it make any difference?

Whether the business of giving food(Lunch, Dinner) in Tiffin Service is liable to Service Tax or is it liable to VAT ? Please give reasoning.

can any one tell me are transfer open and under what condition

Whether the Mother Dairy Polypack Milk is taxable under VAT ? If so, at what rate is it taxable?

if the assesse unable to pay the income tax then income tax dept can recover the assessee debtors give me ans with provision or section