Answer Posted / meenakshi
capital gains are the gain on the transfer of capital
assets during the year .capital assets are those which are
held for more than 36months they are longterm capital
assets if they are held for less than 12months they are
shortterm capital assets.capital assets doesnot include
land in rural area gold deposits silver utenzils personal
effects gold bar jewellery motorcar etc.transfer include
sale or relinquishment of capital asset,convertion of
capitalgoods into stockin trade etc.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
taxes leivied on carpentar & plumbing services
How to calculate sales tax ?
I want to know about the site where i can do online application for F form. Please suggest site address and procedure.
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
What is export under ribet notification number
hi how can we know and how to caulata pf. caucaltion of diffrent copany how much rate of pf deducted by company which is the best site to know our pf information
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
What is the difference between excise & service tax?
Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up
Is there any change in the section 80DD for the financial year 2009-10
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?
what the procedure of filing mvat pls. explain in briefly ?