dear sir, please let me know what are the various provisions need to be seen in case of a client who has started construction on his own land with the intention of selling them to out to outsiders or letting it out. apart from this is AS-7 applicable. as of now the building is notcompleted. so please let me know what i have to do for the current a.y 08-09 and coming year. thank u. waiting for an early reply

the exchange rate differece relating to foreign currency liability incurred in relation to fixed assets.

1.what is the treatment of above transaction as per co.act

2.wat is its treatment as per IT act.is it an allowable exp.

whts is inward bills of exchange and putward bills of exchange?

wht is difference between devolvement of LC and expiry of LC ?

What is the full form of G. A. R.???

What is the final outcome of latest judgment given by the Bombay High court in regards to Sericve Tax on rented property for commercial use?

What should retailers do? Should they give undertaking or should they pay service tax as they are doing until SC decides in the matter?

hi...can anyone explain me about that 5 criteria which are required to be fulfilled by the companies to be called"companies under the same management" u/s 370 (1B)?

1 what is charge over assets?
2 assets here means only Fixed assets only or debtor and stock also?
3 what is first charge and second charge ?
4 If assets is of Rs.1000
Does it means 1st charge on cash credit account of Rs. 300
2nd charge can be created of Rs. 200 ?

Does it mean that way or Some other way???

1 what is charge over assets?
2 assets here means only Fixed assets only or debtor and stock also?
3 what is first charge and second charge ?
4 If assets is of Rs.1000
Does it means 1st charge on cash credit account of Rs. 300
2nd charge can be created of Rs. 200 ?

Does it mean that way or Some other way???

I had bought a under construction in mumbai in July 2004 (Registration / agreement date)and fully paid to the builder.
The possession however was taken in the month of Mar 2006 after recieving the possession letter from the builder. I currently stay in the same house.
I plan to sell this house now (Aug 2008) and invest the entire net proceeds into buying another house and wish to move there.
Need to know
1) Whether I would fall under the capital gains taxation or not?
2) Is the buying /selling date from the date of registration (agreement) or from the date of possession?
Thanks and Regards,
Gagan Tandon