if any return is filled after the due date of filling,what will be the date from which interest be paid on the refund Amount.

Please explain through example.

Hi,
Friend i passed my p.e.II exam in May-07 & for joining an article ship i require a date which is mention in the first registration letter and some how i missplace that registration letter. so,what i wanted to do getting a duplicate copy of that letter any e-mail id or phone no. which is helping to get that letter as soon as possible.

my e-mail id -sanketshah_104@yhaoo.co.in

Give me a suggesation as soon as possible.

IN LTD. COMPANY ARTICLES PROVIDES RESTRICATIONS ON TRANSFER OF SHARES TO MINORS. THE COMPANY IS LISTED.

IF WE PRACTALLY THINKS THEN A LOT OF SHARES ARE TRANSFERED THROUGH STOCK EXCHANGES. NOBODY KNOWS WHO IS THE BUYER. IF ONE BUYER IS MINOR AND HE PURCHASE SHARE THROUGH STOCK EXCHANGE. THEN HOW ONE CAN KNOW THAT HE IS MINOR.

THEREFORE, I WANT TO KNOW ABT WHETHER IS A CLAUSE THAT COMPANY HAS TO AMEND ITS ARTICLES RELATED TO TRANSFER TO MINOR. WHETHER IT IS IN LISTING AGREEMENT OR IT IS IN DEPOSITARY AGREEMENT

My query is that wht amout of revenue stamp has to be affixed on share certificate from 1988 to till date. Whether there has been any change in amount of revenue stamp affixing on share certificate. If yes , then date of such change. state is delhi.

Sir, one of my client has two house property one at nasik & onother at mumbai and pay EMI for both the property .And he stay with his mother's house ansd pay rent to his mother, His mumbai houe property is letout. now my Ques. is
1) He wants to claim HRA benifit because he is stay with his mother. Shall he get ?
2) He also wants to claim Hpusing loan Interest & Principal of his Nasik property (because he is working in mumbai ans hpuse property at nasik is to far from working place) shall he get claim ?
3) He also wants to claim his let out property of mumbai (ha pays loan amount as well as interest to bank and he also collect rent from customer. shall he get the benifit (eg. collect rent Rs. 120000/- p.a. and pay EMI Rs. 300000/- p.a.)?

in all three cases a big amount is involved. pl clarify the query with income tax Act. as wll as rules. and also with a caselaw if any.

regards
Rajen

A Ship Management Agent (Which is a Indian Co) provides ship management services to a ship (Which is also owned by Indian owners) which is sailing outside Indian terittorial water for a particular period. Whether the services provided during this period will be treated as taxable services (The question is not from the angle of export of services but whether services provided are taxable at all?)

If one exaggerates his profit by appreciating the closing stock value, Does it amount to any contravention of Income Tax Act and if the case would come under scrutiny, what is the maximum consequence of it ?
Whether any justification can be given.

According to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 :

1. Do Listed Company need to make any YEARLY disclosures to Stock Exchanges as per the Regulations 13 (3) & 13 (4) ? Or only disclosures should be made if and only if there is some change in the shareholding ?

2. As per Model Code, Directors, Officers and Top Management need to make disclosures to Compliance Officer of the Company on yearly basis. Is there any prescribed form for that ? Or the Compliance Officer can obtain the same in any suitable format ?

3. As per the regulation 13(6), Company need to make initial Disclosures to the Stock Exchanges, on receipt of disclosures from the concerned person as per regulation 13(1) & 13(2). Suppose Company is in default of making such disclosures at the time of Regulation came into force, but now Company wants to make all the disclosures and rectify its mistake, then on which date Company should make the disclosures :

a. Date as on this regulation came into force (i.e. Disclosures as on year 2002), or
b. Current date, when company has decided to make the disclosures (i.e. Disclosures as on March 31, 2007)

Suppose Director Mr. X was holding 600 shares when this regulation came into force, and Company is in default for making such disclosures to SEs. And now, as on March 31, 2007, Mr. X is holding nil shares. Then the Company need to make disclosures for which period ? And if the disclosures need is to be made as on 2002 then what bout the change in holding ? Does that also need to be informed separately?

4. If the Director is holding nil share in the Company then Nil Statement is required?

Scenario:
1)Will get Salary in India and for the same amount will pay tax
2)As we are having Valid Work permit, Even we will pay tax in Poland for certain amount
3)Will get perdiems and perks in abroad

Query:
1)Can we open NRI account
2)If we can open NRI account, can we remit our savings, If yes is there any tax implication
3)Is there any tax implication if the company transfers perdiem from foreign account to our NRI account
4)As we are paying Tax in India and also in Poland, Is there any better way to handle funds with out any hassle.

Hi,

I had bought a property (@ Rs. 9.25 Lakhs)in Jan-2006 by taking home loan & claimed the tax benefit (principal as well as interest amount) for the financial year April 06 to March 07.

Now I have sold the property (@ Rs. 11.25 Lakhs) on 21 july 2007.Please clarify the following :-

Q1. Do I need to refund the tax benefit of the last financial year in this current year i.e. april 07 to March 08.

Q2. Do I need to pay capital gain tax? How it will be calculated?

Q3. If a property is sold after 3 years of buying the same

a. Income tax benefit obtained in these 3 years needs to be refunded back or not ?

b. will it fall under capital gain tax if the profit earned by selling the property is invested again in another property?

Q4. Please suggest a qualified CA in Navi Mumbai, Vashi or Koperkhairane