One of my client on a very deep sight has asked me a question for the logic of Financial Year to begin from April and ending with March. He wants to know why not calender year and this odd dates. if anyone knows any good logic behind the same apart from the income tax regulation and goverment fiscal year kindly get back to me...

plz, send ur reply


1) Is indexation (LTCG) applicable in case of partnershipfirm.

2) A partnership firm sale land & building (long term capital gain)

Is deduction u/s 54EC applicable

Please anyone can clarify how many tax audit a Chartered Accountant can do also, which all audits are counted for the same and which audit are not counted.

Thanks & Regards
Maulik

A married women received a house property(consists of GF, FF SF & TF)as gift from her mother in 1981, the mother expired on 2002. in nov.2008 the TF was sold for RS.11 lacs. now the query is :
1) how much is the capital gain
2)COA as on nov,2008
3)if the gift is not made on 1981 but the amount was recd. by the women on her mother's behalf as a legal heir
4) if any best option available to minimise the CG tax.

Very urgent.

WHAT IS GST UNDER NEW BUDGET?

Sir,

My son is permanent physical disability (50%). Shall I get IT relief from Section 80DD and also Section 80U. Both sections (it comes one lakh) am I eligible. What are documents to submit to my company to claim this relief.

M/s XYZ Ltd Purchased a Capital goods on 01/05/2008 and sold the same Capital Goods On 20/01/2009 (Same Financial Year). If the company avails only 15% of cenvat in the year of purchase, then wat abt balance 85% of Cenvat credit, can the company avails cenvat in the subsequent years, eventhough the capital goods is not in existences???

(or)

Can The Company Avail 100% cenvat Credit for the capital goods in the year of Purchase itself??


pls. clarify...

Can i Claim Both IT Depreciation and Cenvat For same Capital Goods???
If Not, Pls Clarify that Logic...

XYZ Ltd Purchased a P&M On 1/5/2008 and the same was sold on 20/01/2009 (Same financial year). Can XYZ ltd Claim IT depreciation for that P&M?

Pls.Clarify..

What do u mean by Green Shoe Option? Is it Beneficiary for Investors?