AN ASSESSEE HAD A LAND WHICH IS PURCHASED ON 21/03/1980 FOR RS 50000/-& SOLD DURING THE YEAR F Y 2007-08 ON 28/03/2008 FOR RS 1500000/- BUT ASSESSEE HAD NO ANY INCOME BECAUSE SHE IS A SENIOR CITIZEN AND IN THIS TRANSACTION SHE HAD INCOME OF LONG TERM CAPITAL GAIN EARNED ON 28/03/2008 BUT IN INCOME TAX RETURN INTEREST IS CALCULATED U/S 234A/B/C BUT HER'S INCOE IS ONLU LTG &nO OTHER INCOME SO INTEREST U/S.234A/B/C/ IS APPLICABLE OR NOT
It is heard subprime lending is a normal thing in US. Then how come it became a crisis this time? Where did the crisis start?
pe2 student taken admission on basis of graduation (NOT PASSING PE1) does not clear may08 pe2 exam (not even single paper)WILL HE ABLE TO APPEAR IN PCC NOV 08 AND FUTHER EXAMS OF PCC THEREAFTER.
AND ALSO PLZ. GUIDE ABT ARTICLESHIP PERIOD AFTER CLEARING NOV 08 PCC.
sir i am pid extra tds on salary for the month of march how can i adjust extra tds which is i have paid
Can anybody say how to use audit menu in tally package...
Can anybody say how to use audit menu in tally package...
Hi
When accounting for export sale (say converting USD into INR), which exchange rate should be used?
Should the customs notified rate for exports for the month be used, or should the bank selling rate be used?
This is important because for a particular date the customs notified rate and the bank rate may be different and also the exchange rate fluctuation to be accounted for at the time of inward remittance will vary.
Thanks
Do we get the input tax credit on inclusive purchase?
Is it nessary to file form 112 for pursuing MBA through Distance learning?
Is there any service tax liability on developers for development of property and land, here developer make a agreement with land owner to develop their land and after all developemnt developer and land owner will take revenue in agreed proportion.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
CAPITAL GAIN ON SALES OF LAND ON 28/03/2008