Income Tax queries [13838]

All Resolved Open

RISHI KESH BHARDWAJ

11 March 2008 at 18:14

Regarding Exemption U/S 10(23)(vi)

A trust who is registered U/S 12AA is running Educational Institution and whose gross receipts is more than One Crore is compulsorily required to apply for exemption U/S 10(23)(vi) or the trust has option to get exemption U/S 11 of the Income-Tax act, 1961.

CA RK Bhardwaj

Samir

11 March 2008 at 17:40

Salary structure

Hi,

Below is the salary structure.Could you please let me know the best struture to have minimum tax liability assuming employee is ready to bear FBT

All the figures below are per month
Basic:100000/-
HRA:50000/-
Conveyance:800/-
Medical:1250/-
LTA:20000/-
PF(EMPLOYER):780/-

Gopal Kathuria

11 March 2008 at 17:37

Meaning of FBT

i want to know about FBT

SOUMENDU DAS

11 March 2008 at 16:45

application of u/s.139(8)

whether sec.139(8) are applicable? if applicable when? please clarify.

Vijay

11 March 2008 at 14:02

Income Tax book sellers

Can anyone tell me the contact number of any book seller in mumbai where I can get book of CA Inter for Income Tax.

CA CMA Amarnath Nuthalapati

11 March 2008 at 11:52

Education Cess

Is Secondary higher Education cess applicable to Individuals for the AY 08-09?

Ankit Jain

11 March 2008 at 11:35

Advance Tax

Dear sir

can u send me calculation sheet of advance tax for Fy-2007-08
please send me as soon as earlior, its very urgent..
Email:- ankitsma@gmail.com

Nagendra Kumar

10 March 2008 at 22:29

STATUTORY BONUS

WHAT IS STATUTORY BONUS

Nagendra Kumar

10 March 2008 at 22:28

mediclaim insurance

One person went for a mediclaim policy with a Insurance Co before going to USA.

He was hospitalized there & the expenses for the treatment was taken care by his brother in US.

After returning back to India my father produced all the bills to the concerned Insurance Co & it is in the final stage of receiving the amount.

Now my question is ...

Is the amount received an Income to my father or should he transfer the same to my brothers account in India?

Checked with my CA, he said it can be treated as Capital in my fathers account.
please claryfy me

Nagendra Kumar

10 March 2008 at 22:26

short term capital gain

LAW : S-2(42A)
STCA --SHARES(WHETHER LISTED OR NOT) HELD FOR <= 12 MONTHS

Q/A : I HAVE A SHARE & I HELD IT FOR 34 MONTHS.BUT I AM CLAIMING IT AS 'STCA'!! IS IT RIGHT OR NOT,If it is right wat is the special feature of that SHARE !!!!