Please update me on the following issue.
I had a Long term capital gain (on transfer of Residential house) during F.Yr 2008-09, However since i bought a new residential house during 2008-09 at a cost which is more than my Capital gain during 08-09 i need not pay any tax on CG. Now If i sell another residential house during F.yr 2009-10 & if that results in Long term capital gain, can i claim the difference amount (F.yr 08-09 Cost of new asset - Capital Gain exempt)as exemption u/s 54 during F.Yr 2009-10. (Since section stipulate the date 1 year backward & 2 year forward. Kindly update me.

Regards,

Hemanth Kumar.

Dear Friends,

how is the taxation of Real Estate business(purchase & selling of plots) of a firm Computed?

whether benifit of capital gains applicable or not?

whether it is considered as a business? and the profit arrived after deducting all expenses is taxed?

please urgently help me fellas..

thanx in anticipation.

Dear Friends

Can any one provide me the Fixed Asset Register and Verification format... preferebly in excel sheet.

Thanks in Advance

I came to know that a candidate can appear only once in cpt be it paper-pencil or online. My doubt is - i have piad fee for June 28th CPT paper-pencil exam. after paying fee if i dont attend exam,will it be counted.will i loose eligibility for online cpt to be held in september 2009.

Please clarify.

Transportaion service to bring some material in SEZ area from outside ,is service consumed within SEZ or outside SEZ.

Thanks

Our Company is registered under ROC as PVT LTD CO and our core business is consulting enginnering, but our MOA & AOA also gives premission to run institute to impart training to degree holder in engineering student. So our training institute is approved by CEA (Central Electricity Authority). My question is that whatever fees will be collected from student, it will attract service Tax or not, Jyoti

Wether an assesse already having an House Property can claim exemption in respect of LTCG by investing again in the same house property or by purchasing one more residential house.

i have a lots of shares of diff. companies. i trade daily in shares market.
then i want to know that what will be the method to calculate the STCG and also tax on the same.
suppose i have purchase the 25 shares of A co.on 5th may @ 50/-per , also 25 shares on 7 may @ 52/-per and 10 shares on 10 may @ 53/-.
on 12 may 40 shares sold out @ 52.50 per.
then in this case what rate i will take to calculate the gain

thanx
caamitbansal2007@gmail.com

I want to know the benefits received in Tax paying in U.S will they be received in Tax paying in INDIA under Double Taxation Avoidance Agreement or not pls reply as soon as possible

I am badly in need of suggestions regarding the best professors & authors for final group1 and group2 subjects.
Plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz help me out!