Income of a priest (religious teacher) is chargeable as proffessional income ( income from business or profession) or should it be shown as gift (income from other sources). What is the taxability. if shown as business income then will he be liable to file return every year.

I am an investor and not a trader in stock market.When I purchase a share ,the broker charges STT. Whether this STT is includible in the cost of acquisition? Similarly while selling the share ,whether the STT charged is to be deducted as expenditure. Has there been any change in the provisions for A.Y. 2008-09

What will be tax treatment for the following case.

suppose an indian company sends his employee to foreign country and pays daily allowance from his independent branch located in the foreign country.

the allowance paid in foreign country is only to meet food exps, and rent and conveyance and it is fixed irrespective of amount of expenditure.

He is getting his indian pay in india and TDS is deducted there on indian salary'

but what is the treatment for the daily allowance received outside india

Sir,

While filing a salary return. if a person earned salary upto sept. 07 in india & after that if he leaves India for job. then while filing ITR form what status should be write ( as resident or Non residendt ) for the salary earned by him in india & interest income earned by him in India

Please guide.

In case I live in a house owned by my wife and pay her the rent , for which she duly issues rent receipt, will in that case the HRA received by me from the employer qualify for exemtion under ncome tax rules?
I shall be living in the house with my wife
regards

Please advice me on the taxability of Daily allowance paid by an Indian company to its employees on duty outside India for meeting expense on food etc.This allowance is fixed irrespective of the expense. This payment is made to employees by a hotel in that country. The hotel raises the invoice to the Indian Comapny.This payment is finally made by Indian Company to the foreign hotel.
Advice on the taxability in the hands of employer/employee/hotel.
Is any withholding of tax required?
Also advice on the FBT aspect.

how much amount of rent paid receipts is not required if employee claiming HRA in his form 16 for the financial year 2007-08

how much amount of rent paid receipts is not required if employee caiming HRA in his form 16 for the financial year 2007-08

dear sirs,

when can we appeal to the National Tax Tribunal? is it before appeal in high court or after appeal in high court?

thanks in advance
tima

respected sirs,

compensation received on loss of source of income is Capital receipt. while compensation received for loss of future profit is Revenue receipt. can anyone pls give example for both n elaborate the same?

thanks in advance
tima