News Flash April 2013 - abm & associates
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abm & associates CHARTERED ACCOUNTANTS NEWS FLASH APRIL 2013
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Recent updates on capital gains, real estate sector and service tax by abm & associates, chartered accountants.
Transcript of News Flash April 2013 - abm & associates
abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 1
Contents
CAPITAL GAIN EXEMPT UNDER SECTION 54F, EVEN IF THE INVESTMENT IN NEW HOUSE PROPERTY IS
DONE BEFORE DUE DATE U/S 139(4) __________________________________________________________________________ 2
IN BRIEF ................................................................................................................................................................................................................ 2
HIGH COURT RULING ........................................................................................................................................................................................ 2
OUR VIEW:........................................................................................................................................................................................................... 3
REAL ESTATE SECTOR AND UNION BUDGET 2013 ____________________________________________________________ 4
INDIRECT TAX ...................................................................................................................................................................................................... 4
DIRECT TAX ......................................................................................................................................................................................................... 4
ADDITIONAL DEDUCTION OF ₹ 1 LAKH U/S 80EE ..................................................................................................................................... 5
ST3 FILING DATE EXTENDED FOR Q2 2012-13 ________________________________________________________________ 6
abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 2
Capital Gain exempt under section 54F, even if the investment in new
house property is done before due date u/s 139(4)
1 ITA No. 71 of 2012 (O&M) dated 20.03.13 for A.Y. 2007-08
abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 3
2 339 ITR 610 (P&H)
3 286 ITR 274 (Kar)
abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 4
Real Estate Sector and Union Budget 2013
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abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 5
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abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 6
ST3 filing date extended for Q2 2012-13
abm & associates CHARTERED ACCOUNTANTS
Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 7
Navi Mumbai #NL 5/11/03, Sector 3 Next to Parsik Bank Nerul East Navi Mumbai – 400 706 : +91 22 2771 2275 Pune #11/E-2, New Friends Housing Society Paul Road Pune – 411 038 : +91 20 2539 7707
Kolhapur #1-2, Atharva 7th Avenue C.S.No.2007, 7th Lane Rajarampuri Kolhapur – 416 008 : +91 231 2531 707
The information contained herein is of general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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