A person sold residential flat and bought another immediately. Possession of flat was not received by him but he paid full amount and considering the spirit of section 54 he claimed exemption from capital gain. Now three years are over and he is yet to get possession of the flat. He wants to sale the flat. Can he sale before getting possession or he should wait for 3 year after getting possession

Does institute allows marks for only formulaes written and not the answers?
and how is the marking scheme for ipcc?

can a corporate entity(restaurant chain) claim input of service tax on expenses incurred at its head office(eg. service tax input on rent/telephone/water bills for corporate office)towards setting off output service tax?

As a finance company, in their business of Bill discounting,making payment to the vendors for Rs. 98/- against bill of Rs. 100/- and collecting Rs. 100/- from the client.

Below is the scheme of entries in books of finance company:

Loan A/c (Asset) - Rs. 100/- Dr.
Bank A/c - Rs. 98/- Cr.
Upfront interest(income)- Rs. 2/- Cr.

Please advise whether vendor has to deduct TDS on discounting charges of Rs. 2/- or not.

Secondly, this is called interest of discounting charges income in books of lendor.

Sir,

I am working in Ministry, Govt. of India as a Junior professional on contract basis with consolidated remuneration of Rs. 13,500/-p.m. sir I want to know that whether I am applicable to pay TDS in any provision or not. if applicable, in what section TDS is deducted and what provision to file a return.

Mohammad

Dear friends/members i have a query on capital gains. During the F.Y 2012-13, shares of a unlisted Company were sold for Rs.250 each share. The actual buying rate of the same is Rs.145 in the year 2009-10. Please advise me the tax treatment of the above transaction along with tax planning.

Sir,i have registered for articleship before 30-04-2013, after finishing ca-ipcc both groups in first attempt in nov 2012. when should i register for ca-final , is ther any last date for such.

Hi

I am a CA and want to know about some good courses that i can do which adds value to my profile and salary??? But it should be a distance learning course..Please help me..

I have tds in FY 09-10 & 10-11, but income is below taxable. Can today i file return for tds refund. Whethere there is any penalty or fine. Please suggest.

IF WE MAKE PAYMENT TO TRANSPORTER (GOODS TRANSPORT AGENCY) AND WE ARE NOT DEDUCT TDS IF TRANSPORTER QUOTE PAN BUT SAME CAN BE SHOWN IN TDS RETURN YES OR NO?

BECAUSE TDS PROVISON SILENT IN THIS REGARDS?