I was working in 3 diff. cos in the last financial year and left all of them without any revieving order , form 16 etc.. no tax was deducted any where .

Now i need to file return for the salary i earned in the last f.y, i dont have form 16 nor i have been deducted tds.

Help me to file return

I have to upload form 26Q of my client. Pls tell me the site on which i have to upload this form

Should STT be added to the cost of Investments if it is shown under Income from capital Gains?
What about Stamp Charges & other Expenses
to be capitalised or not

Suppose if gold or silver ornaments are purchased by an Individual then it is to be shown under Investments or under drawings?

Dear All,

STT Paid on Sale of Listed Securities(Shares)by an individual not being speculation business if it arises to short term capital gain STT paid on such sale of securities(shares)can we cliam as expenses incurred on sale of such shares.
And in the same way while of purchase of the same will STT paid added to the Purchase Cost of such purchases.

Please get me clear picture sicne if it is speculation business we can claim 88E Rebate up to A.Y 08-09. but if it is capital gain what will be the treatment of STT paid on such transaction.

Regards,

Mallikarjun

Sir,

Ours company is Ltd but not listed. During the financial year(2007-08) we purchase Interior Rs.10 Lakhs in cash. As per sec 40(a) no payment is made in cash more than Rs. 20k. In this way our asset purchase is allowable(capital asset) or not. If allowable can we claim depreciation. Please give advice in this thing.

Future & Options Profit to be soon under which head and when it become liable to Tax Audit and if yes when

Hello Mr. CA.Ramesh Ahuja,

Thanks for your reply for my querry dated 19/7/08.

Further to my first querry- what do you think about a partner in a partnership firm? is he an employee for the purposes of FBT? Does the FB or deemed FB as per chapter XII-H enjoyed by a partner/ Managing partner will atract FBT in the hands of the firms.

Actually, the term 'employee' has neither beeen defined in chapter XII-H or anywhere under the Act.

The "guidance Note on Audit of Fringe Benefits under the Income-tax Act,1961" issed by our CA Institute takes the help of the obsevations made by the Hon'ble Supreme Court in Ram Prashad v. CIT(1972) 86 ITR 122(SC).

pls give your opinion...

Thanks and Regards,
CA.R.Tharangini

If a person died at the age of 78yrs and he clearly made a will in which entire liabilities and assets belonging to him must be transferred to his wife after his death.

However Insurance Company has name of nominee as his son.

Now on whose name should the Insurance company allot the claim amount for death,Son or wife?

Assuming that the plan is of Cash back Scheme
what will be tax treatment?

what is the procedure to make changes in PAN card taken on the name of MINOR When He/ She gets major .