Can an individual claim rebate u/s80D wherein he has actually reimbursed the amount paid by his parent who is a dependant . The Mediclaim amount has originally been paid off by his parent and the policy stands in the name of his parent . He has only reimbursed the said amout to his parent by cheque.

Regards

Indranil Mukhopadhyay

I want to know whether tds is applicable on Handling charges, administrative charges.

pls let me know.

AGM

I want to know whether tds is applicable on Handling charges, administrative charges.

pls let me know.

AGM

What is the last date for final registration
Please let me know.

Thanks in advance.

what are consequences if service tax no. surrender?

Hello


I am facing the problem while computing the capital gain on house property.


PROBLEM

My client purchased house on 10 yearly installments. He took possesion in year of down payment. In current year he sold it. Now calculating the capital gain, indexation of which year be used i.e., wether i have to used index on each installment of same year.or used the index of year of down payment.

Example

Down Payment: 10,00,000 in FY 90-91

Ist Installment: 10,00,000 in FY 91-92

IIst Installment: 10,00,000 in FY 92-93

IIIst Installment: 10,00,000 in FY 93-94

IVst Installment: 10,00,000 in FY 94-95

Vst Installment: 10,00,000 in FY 95-96

Sale consideration : Rs. 2,00,00,000 in FY 2008-09

Index: FY 90-91=182, FY 91-92=199, FY 92-93=223, FY 93-94=244, FY 94-95=259, FY 95-96=281

Capital Gain

Sale consideration : Rs. 2,00,00,000

(-) Cost of aquistion

Down Payment: 10,00,000 X 582/182

Ist Installment: 10,00,000 X 582/199

IIst Installment: 10,00,000 X 582/223

IIIst Installment: 10,00,000 X 582/244

IVst Installment: 10,00,000 X 582/259

Vst Installment: 10,00,000 X 582/281

Total Cost 1,54,35,815

Long Term Capital Gain 45,64,185

ABOVE PROCEDURE IS TRUE OR NOT?

Provide me any case law regarding it, if u have?

what are consequences of service tax no. surrender?

Hello


I am facing the problem while computing the capital gain on house property.


PROBLEM

My client purchased house on 10 yearly installments. He took possesion in year of down payment. In current year he sold it. Now calculating the capital gain, indexation of which year be used i.e., wether i have to used index on each installment of same year.or used the index of year of down payment.

Example

Down Payment: 10,00,000 in FY 90-91

Ist Installment: 10,00,000 in FY 91-92

IIst Installment: 10,00,000 in FY 92-93

IIIst Installment: 10,00,000 in FY 93-94

IVst Installment: 10,00,000 in FY 94-95

Vst Installment: 10,00,000 in FY 95-96

Sale consideration : Rs. 2,00,00,000 in FY 2008-09

Index: FY 90-91=182, FY 91-92=199, FY 92-93=223, FY 93-94=244, FY 94-95=259, FY 95-96=281

Capital Gain

Sale consideration : Rs. 2,00,00,000

(-) Cost of aquistion

Down Payment: 10,00,000 X 582/182

Ist Installment: 10,00,000 X 582/199

IIst Installment: 10,00,000 X 582/223

IIIst Installment: 10,00,000 X 582/244

IVst Installment: 10,00,000 X 582/259

Vst Installment: 10,00,000 X 582/281

Total Cost 1,54,35,815

Long Term Capital Gain 45,64,185

ABOVE PROCEDURE IS TRUE OR NOT?

Provide me any case law regarding it, if u have?

Dear all,
Whether FBT is applicable on guest house maintenance for AY 2009-10.

Thanks

i completed my PCC in 08nov.my articles completes by june2010.cani get attempt b4 6months of articles like in PE-II or IPCC