I have purchased property worth Rs.900000 in Six Equal Installments of Rs.150000 paid by Cheque. The First installment was paid on 1-4-1993 and Last installment paid on 31-3-2000.
After the Full Payment the Cost of Improvement was incurred on 1-10-2000 with the amounts of Rs.200000 Paid by Cheque.
The Possession was received on 1-4-2001 from the Builder along with the contract note on his Letter Pad with his signature on it.
The Purchase Agreement was made on 1-4-2006 from the builder. The property was sold on 31-10-2008 for an amount of Rs.250000.

My Query is :

(1) The Capital Gain on this property is Short Term or Long Term?
(2) If the Capital Gain is Long Term then what date should be taken for calculation of the Indexation of the Cost of Acquisition of property i.e. 01-04-1993 or 31-03-2000 or 01-04-2001?
(3) If 01-04-1993 taken then what is the amount taken for Cost of Indexation and what about the Remaining Installment of Rs.750000. Should it be taken as Cost of Improvement?
(4) If 01-04-2001 taken then amount taken for Cost of Indexation is Rs.900000 or Rs.1100000?

I have purchased property worth Rs.900000 in Six Equal Installments of Rs.150000 paid by Cheque. The First installment was paid on 1-4-1993 and Last installment paid on 31-3-2000.
After the Full Payment the Cost of Improvement was incurred on 1-10-2000 with the amounts of Rs.200000 Paid by Cheque.
The Possession was received on 1-4-2001 from the Builder along with the contract note on his Letter Pad with his signature on it.
The Purchase Agreement was made on 1-4-2006 from the builder. The property was sold on 31-10-2008 for an amount of Rs.250000.

My Query is :

(1) The Capital Gain on this property is Short Term or Long Term?
(2) If the Capital Gain is Long Term then what date should be taken for calculation of the Indexation of the Cost of Acquisition of property i.e. 01-04-1993 or 31-03-2000 or 01-04-2001?
(3) If 01-04-1993 taken then what is the amount taken for Cost of Indexation and what about the Remaining Installment of Rs.750000. Should it be taken as Cost of Improvement?
(4) If 01-04-2001 taken then amount taken for Cost of Indexation is Rs.900000 or Rs.1100000?

does the process of preparation of documents for a company to facilitate ISO audit of the Company attracts service tax?

If so, under what head of taxable service?

Based on my understanding of the service tax, i tell that it might be covered under business support service. But iam not quite sure about it.

Bcoz in service tax, we should initially determine, whether the said service is covered under taxable service or not?

My question is the aforementioned service is taxable service to be leviable under service tax ? and mention the taxable head of service.

Dear Friends,
can you please tell me the new professional tax slabs for karnataka with effect from 1st april 2009.

Hi,

I need toppers marks of ca final plz send it me

does persuing cs along with ca needs permission from icai and vice versa? how does the articleship go of both the courses simultaneously?

Hi....
I WANT KNOW THE MARKS OF TOPPERS IN PCC EXAMS. CAN ANYONE SEND ME MARKS OF PCC TOPPER (SUBJECTWISE OR INDIVIUALLY)

what should be the accounting treatment of letter of credit from importer view

Hey i wanted to ask that if i have procured imported good on which i have taken cenvat credit, so at the time of export if i ask for the duty drawback wouldn't that be double benefit.


pls elaborate the duty drawback procedure.

RESPECTED SIR,
I WANT TO KNOW THAT HOW MANY PAPERS ARE EXEMPTED IN B.COM FROM IGNOU FOR THE ICWAI INTER PASS STUDENTS?