what is long term capital gains & short term capital gains ?
Answer Posted / sanjay chadha
Long term capital gain is the gain at the time sale of an
asset held for long term(12 months in case of shares & MF
and 36 months in case of other assets). The gain on sale of
asset held for lesser period is known as short term capital gain
| Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
procedure to get Raw Material free of excise duty under Central Excise Act,
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
tds will be charged by hotel industry on what
WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX
What is the difference between fund flow vs. Cash flow?
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
what is form 8? what are all the details to be collected while buying c form
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
How to reconcile a Vendor who is a supplier as well as a Contractor?
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY