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Anonymous   21 January 2010 at 16:50

capital gain

Dear sir,
I have recently taken possession of an apartment which I had booked in 2004. 90% payment for the same was made by 2006. The apartment was however alloted to me by means of a computerized draw in July 2007. The final 10% payment was made in July 2009 and the possession of the house taken in Dec 2009.

I have now sold the apartment in Jan 2010 on power of attorney(the house cannot be sold until 03 years of possession as per the society rules).

I am investing the complete sales proceeds from this house in buying another apartment from a builder.

Could you please tell me that the gains by virtue of selling the apartment after applying the indexation factor will fall under long term capital gains or short term capital gains ? Am I liable to pay any tax ?

sharwan kumar mishra   21 January 2010 at 16:15

service tax

sir
i am working patner of our firm,my firm is registered in delhi,i have one shop in mall in u.p.i have service tax number but i am not paying service tax because some person said do not pay service tax because service tax on immovable property has abolished.please advice me sir .thanks

regards
sharwan mishra

sharwan kumar mishra   21 January 2010 at 15:32

income tax

sir
i am partner of our firm i want to close our partnership firm because partnership firm suffring in loss.please advice me what is procedure for dissolve.

sharwan kumar mishra   21 January 2010 at 15:28

service tax

sir
if i have service tax number from previous one year but i am not paying service tax to the department because i am not collecting any amount from services.please advice me what kind of action will be taken against me. thanks

regards
sharwan mishra

sharwan kumar mishra   21 January 2010 at 15:22

service tax on immovable property

sir
please advice me for service tax, sir service tax has abolished on immovable propery.

s.v.goplani   20 January 2010 at 13:06

service tax

sir, Life insurance services & insurance auxiliary services relating to life insurance service tax is deducted by birla sun life from advisors (agents). Actually service provider is birla And Service receiver is client, whether the liability of payment of service tax lies with advisor ? why should be deducted from commission ? please clarify with remedies for recover deducted amount from commission. Thanks.

ABHINAV JAIN   19 January 2010 at 16:53

Section-20-Rajasthan motor vehicles taxation act,1951

Interpretation of section-20 of the Rajasthan motor vehicles taxation act,1951.?
Whether a state can levy taxes for using certain bridges, roads, etc..?

In my view it is the sovereign function of the state to provide for better facilities etc. etc..
However the accepted view is that in order to maintain such bridges, roads etc. expenditure is incurred and to maintain the same levy of toll-tax is correct.
please clarify before 20-01-2010; 09:30am

VIRENDER GUPTA   19 January 2010 at 13:26

Unabsorbed Depreciation

Can Brought forward unabsorbed depreciation set off with Income from House property if there is no profit from business in Current year.

e.g. Income from H.P. 1000.00

Current year loss -50.00
current year Dep. -75.00
------
Balance 875.00

B/F Unabsorbed Depr. 1000.00
--------
- 125.00
---------
my query is still stands about B/F depreciation . Whether B/F Unabsorbed depreciation can be set off with other incomes if current year business head has no profit

aman kumar   19 January 2010 at 12:18

income tax

what is 10-e form in income tax ???

shweta   19 January 2010 at 09:46

EXPENSES TRANSFERRED TO WIP

The object clause of the company is investing nature. Company has invested in the fixed deposits. It has earned interest on FD. Company has adjusted the interest income against administrative expenses. In the block assessment, it has disallowed the expenses from A Y 2002-03 to 2008-09. The company has purchased land for the purpose of the construction. Since in the object clause no changes done, interest is charged to income. Now, in the financial year if the object clause is changed as construction, can the expenses disallowed can be transferred to WIP? As the project has not been started.
PLZ REPLY ITS URGENT