Answers were Sorted based on User's Feedback
Answer / p. navaneetha krishnan
Capital Gain arises only on the following case.
When the book value of a WDV asset (Land, Builiding /
Shares) is Rs.1,00,000/- and the same is sold for
Rs.5,00,000/- the difference between the sales value - book
value is capital gain.
If the above said assets sold after 3 years it is Long term
Capital Gain / or else it is Short term capital gain.
All Depreciatable assets are falls only on Short Term
Capital Gain." Special Case" - As Per Law.
|Is This Answer Correct ?||6 Yes||0 No|
Answer / maka narendrakumar
When an asset sold for higher rate than the book value capital gain arises.
Capital gain= Sale value-book value
Capital gains are two types--> Long term capital gains(LTCG) and Short term capital gains (STCG)
LTCG arises when the asset sold after 3 years from the purchase date, Before 3 years STCG. Capital gains arises from all the depreciable assets are STCG
|Is This Answer Correct ?||0 Yes||0 No|
Answer / rrlgrp
capital gain arises when the fixed asset sold more than its
|Is This Answer Correct ?||2 Yes||4 No|
what is the rate of tds below 60, if salary is rs. 20000.00 & 25000.00 and how to calculate.
what is service tax
A cement product which MRP value is Rs. 280. Now how it calculate the Basic Excise on MRP or my Selliing value from factory?
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my total savings are 125000,payment of my childrens tution fees will be 35000 So mine will be below taxable income .Pl let me know whether there is any chance to escape from TDS obligation.If so Pl let me know the procedure
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
how many types of vat
Sir, I attended infrastructure company but my question is For example: Basic value- 100000 sevice tax 14500 total bill value 114500 What is the tds amount?
I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
HOw to pass vat adjustment entry while paying vat return?
what is the incometax