i had sold a residential property owned by me and had received proceeds of sales of said property by cheque but at present i am unable to purchase new residential property and the money is lying with me ideal in my bank account can i invest that ideal amount for period till 1 year or upto 1.5 yr till i purchase new residential house. what will be income tax treatment for the ideal amt invested in some else for time being and not purchased a new residential house.

1 Answers   Wipro,

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

0 Answers   Ernst Young,

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what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?

0 Answers   Genpact,

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sir, can you give me clarification briefly how to capitalized and which one capitalized

0 Answers  

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A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

0 Answers  

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what is the entry tax explain briefly?

0 Answers  

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Explain the procedure to calculate provident fund, esi, vat and sales tax.

0 Answers  

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Can I know the Difference between C form and E Form

1 Answers  

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How will be the treatment for FBT in the Financial Year 2009-10

5 Answers  

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if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

0 Answers  

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What is Rule 52A (Excises Duty)

1 Answers  

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How we calculate TDS on Salary, They are taken net salary either Gross salary

3 Answers  

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