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abm & associates                  CHARTERED ACCOUNTANTSNEWS FLASHAPRIL 2013
abm & associates                                                                                                          ...
abm & associates                                                                                        CHARTERED ACCOUNTA...
abm & associates                                                                            CHARTERED ACCOUNTANTS2   339 I...
abm & associates                                                                         CHARTERED ACCOUNTANTS            ...
abm & associates                                                                               CHARTERED ACCOUNTANTS      ...
abm & associates                                                                           CHARTERED ACCOUNTANTS          ...
abm & associates                                                                                                          ...
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News Flash April 2013 - abm & associates

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Recent updates on capital gains, real estate sector and service tax by abm & associates, chartered accountants.

Published in: Business, Economy & Finance
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Transcript of "News Flash April 2013 - abm & associates"

  1. 1. abm & associates CHARTERED ACCOUNTANTSNEWS FLASHAPRIL 2013
  2. 2. abm & associates CHARTERED ACCOUNTANTSContentsCAPITAL GAIN EXEMPT UNDER SECTION 54F, EVEN IF THE INVESTMENT IN NEW HOUSE PROPERTY ISDONE BEFORE DUE DATE U/S 139(4) __________________________________________________________________________ 2 IN BRIEF................................................................................................................................................................................................................ 2 HIGH COURT RULING ........................................................................................................................................................................................ 2 OUR VIEW:........................................................................................................................................................................................................... 3REAL ESTATE SECTOR AND UNION BUDGET 2013 ____________________________________________________________ 4 INDIRECT TAX ...................................................................................................................................................................................................... 4 DIRECT TAX ......................................................................................................................................................................................................... 4 ADDITIONAL DEDUCTION OF ₹ 1 LAKH U/S 80EE ..................................................................................................................................... 5ST3 FILING DATE EXTENDED FOR Q2 2012-13 ________________________________________________________________ 6 Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 1
  3. 3. abm & associates CHARTERED ACCOUNTANTS 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 Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 2
  4. 4. abm & associates CHARTERED ACCOUNTANTS2 339 ITR 610 (P&H) 3 286 ITR 274 (Kar) Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 3
  5. 5. abm & associates CHARTERED ACCOUNTANTS Real Estate Sector and Union Budget 2013 ₹ ₹ ₹Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 4
  6. 6. abm & associates CHARTERED ACCOUNTANTS ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 5
  7. 7. abm & associates CHARTERED ACCOUNTANTS ST3 filing date extended for Q2 2012-13Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 6
  8. 8. abm & associates CHARTERED ACCOUNTANTSNavi Mumbai Kolhapur#NL 5/11/03, Sector 3 #1-2, Atharva 7th AvenueNext to Parsik Bank C.S.No.2007, 7th LaneNerul East RajarampuriNavi Mumbai – 400 706 Kolhapur – 416 008: +91 22 2771 2275 : +91 231 2531 707Pune#11/E-2, New FriendsHousing SocietyPaul RoadPune – 411 038: +91 20 2539 7707 Subscribe to our… Newsletters & Other Updates http://www.abmnassociates.com/newsletters/subscribe To Know More… Visit Our Website http://www.abmnassociates.com Mail Us… For Inquiry info@abmnassociates.comThe information contained herein is of general nature and is not intended to address the circumstances of any particular individual or entity. Although weendeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of date i t is received or that it willcontinue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of theparticular situation. Head Office : Navi Mumbai Branches : Pune | Kolhapur | Belgaum 7

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