1. Assessee had purchased factory premises for Rs.1 Lac in F,Y. 1983-84. Today its WDV is Rs.5000/- after claiming depreciation all these year. Now he has sold above premises for Rs. 50 Lacs and he bought new factory premises for Rs. 20 lacs. How to compute Short Term Capital gain and long Term capital Gain???

2. Continuing with the above example suppose in A.Y. 2013-14 he had incurred business loss of rs. 15 lacs. He had filed return in time.Whether above computed Capital gain can be reduced by the carried forward business loss of A.Y. 2013-14???

Dear Sir,

There is one doubt regarding RCM Treatment( Accounting Issue)

A Company has taken a car on hire basis from service provider(i.e; XYZ Travels, An Individual)

For this Invoice is raised for Rs10000/- and service tax portion amounts to 741/-(60%*12.36).
then how the entry will reflect in Service Receiver books .

If a listed company has called and conducted its agm on a public holiday, what are its consequences and what remedial actions can the company take to rectify the same.

Also ensure if the business transacted will be considered as null and void or valid?

I am a trader, I had imported a consignment on december 2012 and paid custom there on, further I have sold that consignment after paying VAT onto it. My question is Can I Claim refund of 4 % Additional Duty of customs (CVD of VAT) ?

i am doing job in private sector company. i want to file ITR for Bank loan. So what proof that i can obtain from my employer.

can u plzzzzz suggest me which teacher is better for tax for ipcc group 1
eten ca -girish ahuja
or
gaap bright-ranjeet kanwar
and for cost fm
eten ca-kapil bhalla
or
gaap bright-rk mehta /namit arora

A Person Has Gross Receipts of Rs.40 Lacs from proprietorship business and
showing profits of Rs.3,26,000 and other(Personal) receipts of Rs.1 Lac (Interest).And having Saving (PPF) Of Rs.1 Lac.
Whether this person has to maintain books u/s 44AA and also need to get his accounts audited under any section or not ?

Brief Facts: -
A listed company has been declared as a “Non Performing Asset” (NPA), by a Financial Institution (FI), due to absence of timely payments to them because of shortage of funds.
NPA:-
An asset is Non Performing, when Interest and / or installment of principal remain overdue for a period of more than 90 days with effect from March 31, 2004, as per RBI Master circular.
Query:-
Since the account of the company has been declared as NPA, interest is booked by the FI on receipt basis (and not on accrual basis). However, the company has to provide for interest in the books of accounts on accrual basis.

The question is regarding deduction of TDS, while providing the interest expense.

1) Should the interest be provided for in the books?
2) If provided, should TDS be deducted on the same?
-Nidhi

Dear Sir / Madam,

Please let me know whether there are any penalty provisions for non surrender of service tax registration number after closure of business ?

If service Tax return is not filed and its registration number is not surrendered, till 1 year form obtaining the registration number, due to services exempt from tax, are there any penalties leviable during the surrender of registration number ??

Dear Expert

How to calculate Depriciation :-

1. As per Company Act.
2. As per Income tax Act

Please solve my problems