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Alex
07 July 2008 at 09:43

PF withdrawal

I have resigned from previous job and applied for PF withdrawal does this effect any tax liablity on my gross income


Shilpa Jain
07 July 2008 at 08:06

Cost of acquisition - CG of ITR2

If there is some short term gain from stock markets from the money taken on loan, then can the interest paid on loan be mentioned in cost of acquisition?


Shilpa Jain
07 July 2008 at 07:58

Long term gain on ITR2

Does STT paid long term gain on stocks has to be mentioned in B of schedule CG of ITR2?

If yes, will it be mentioned in B2 or B3 of schedule CG ?

If no, will mentioning the same on 3 of EI be enough ?


vijayudu
06 July 2008 at 21:51

what is section 148?

what is section 148? i have received a notice from ito u/s 148 but i could not reply to the notice within 30 days . now ito has issued a notice under sec 143(2). he has issued the above notice for share trading account. but i have closed my share trading due to loss. The transactions now under scrutiny are for the period 2005-2006. now my auditor is advising me to pay some tax or i may be punished with rs.100,000/- fine. please advise me what should i do? how can i proceed further?


dayananda s
06 July 2008 at 19:52

TDS ON BANK DEPOSITS

PLEASE CLARIFY THE FOLLOWING

IS THERE ANY UPPER CIELING BEYOND WHICH TDS HAS TO BE DEDUCTED ON INTEREST EARNED ON DEPOSITS?

I.E., TO BE MORE SPECIFIC, IF A PERSON SUBMITS EITHER 15H OR 15G AND HIS INCOME FROM INTEREST IS BEYOND TAXABLE LIMIT, EVENTHOUGH HE HAS SUBMITTED 15H OR 15G, WHETHER THE BANK HAS TO DEDUCT TDS OR NOT? PLEASE CLARIFY ME ABOUT THIS.


Deepanshu Agg.
06 July 2008 at 18:54

HUF treatment

If an assessee Mr. X (Family members:a minor son M, majaor son S and daughter D and Mrs. x ) has inherited any property from his ancestors will that be inherited by him in his individual capacity or in the name of HUF .
If inherited in the individual capacity and later on converted to HUF property, will provisions of section 64(2)of income tax act and section 4(1A) of wealth tax act attract or not.
will the answer change if Mr.X has two brothers one is RAM(major)other is shyam(minor)and Mr.X's mother is alive?


suraj
06 July 2008 at 17:49

Redumption of Mutual Fund

If an assessee made an investment in Mutual Fund of 1 cr n later on he withdraws money from Mutual fund in part as he requires say 20L 50L then that withdrawal are liable for Capital Gain Tax


varun kumar
06 July 2008 at 07:35

Fringe Benefit Tax

Is Fringe Benefit Tax Applicable on Travelling expenditure incurred for the purchase of machinery? I read somewhere on the net, may be on caclubindia.com, it is not applicable on it, but unable to locate it again. Plz facilitate & if not applicable, how can i prove my point? my e-mail id: varunk.gupta@yahoo.com


Lokesh Jain
05 July 2008 at 20:30

RAZ DEDUCTED AT SOURCE

I AM CONFUSED REGARDING TAX DEDUCTED AT SOURCE BASICALLY WHAT IS TDS


Chandra Sekhar

We are looking for a CA who can handle and manage business tax returns activity at the end of the year and investment activities throughout the year for an NRI who has business interests in India and would like to actively invest in the Indian market.
Appreciate with some background details.
-C. Sekhar