in sec 54f it is written that assessee can construct house after sale of original asset.

my querry is, If construction started before sale of original asset but completed after sale than can that constructed house be eligible for exemption u/s 54f

A pvt Ltd. Co has formed in 2006, In MOA 3 subscribers are there with 25:25;50% shareholding ratio. Practically share certificates are not issued till date,now another 2 persons dont want to isuue share certificate to that third person(who is having 50% shareholding).

Sec 270 shall not apply to a Pvt.Co.

Now Is it possible that issue 100% share certificate to only 2 persons.

Thanks in advance.

Under Transfer pricing is there a provission where payent/remittance of foreign currency to sister concern is to be made within 6 months from the date of booking of Invoice for material supplied.
Please let me know the relevant section under Transfer Pricing if its applicable. If not please let me know the duration for such payments/ remittances.

Thanking you in advance.

With warm Regards,

Adolf Pacheco.

if a person is outside of india for more than 182 days but he is getting salary paid in india, what would be tax implication to him???

Hi
This is Sathiya.I want to know the preferred books for Auditing & Law for PCC.Can anyone suggest me?

what is rate of interest on tds if assessee deposited tds not within time

if an individual received bonus share from the company then what a/c he should credited in his books.

my client has already two houses and he bought one more house to claim 54f.

is it easy to hide one house in scrutiny.

Can he gift one former house to his elder son in back date by writting a written gift agreement. so that he will be eligible to claim exemption u/s 54f.

If NO, than how can he manage his capital gain.


1. i want to confirm that any clubbing provisions would not be applied to the above case.

what are the doc to be verified for export sales...???

Can I utilise service tax credit availed on travel bill (Travelling done by sales people) against the excise payable on sales?

Can I Treat the travelling exp., telephone exp. and postage and courier exp. as an input service for the purpose of utilising service tax credit against Excise duty?