Dear sir

I have to file income tax return for the year 2005-2006. so please tell me which form used for this mean latest form of return or OLd form

Thanks in advance

Rajesh

please solve my doubt

my Brother has joined recently as a salaried employee
he has taken personal accident insurance
means money will be received onkly on accident or death

means it is not like Life insurace
so
can he claim DEDUCTION for PERSONAL ACCIDENT INSURANCE

please solve soon

the company is having the main source of income by its ordinary business which is mentioned in its MOA/AOA and having also trading income of shares in its books of accounts.
What will be the tax treatment of income from shares in the computation of income ?
Whether it is treated as income from normal business income or speculation business income?

1. When Investment In shares by a indivisual is treated as Speculation Income?
2. Is the indivisual has his own option of claiming it as STCG or Speculation Income?
3. If an indivisual investor both take delivery & make intraday purchase & sale of shares whether he is taxable under both the head or which is benificial to him.
4.please tell me the date & no of such CBDT circular.

we invested in weekly dividend income plan mutual fund on 01-04-07 and redemed the amount on 30-06-2007. we earn dividend income during the period april to june. Whether the dividend received is exempt or not. please confirm.

IF ONE COMPANY SPENDS FOR TRAVELING EXPENSES OF 3 TECHNICIANS WHO CAME FROM JAPAN, AS PER THEIR SUGGESTION RESULT IN TO INCREASE IN PRODUCTION CAPACITY BY 25% SO THIS EXPENSES IS WHAT CAPITALIZED OR REVENUE.

Dear All,

I have the following querry:

A company has created a parri passu charge on its assets by way of Security Trustee Agreement between Company, Trustee and Secured lenders. There is a limit defined in the STA agreement upto which a Company can create a charge. It is the first charge on Company 's receivables that is registered with ROC as per the provisions of Sec 125 of the Companies Act 1956.

Now if the Company wants to create a second charge on its receivables in favour of the lenders and it will be registered with Security Trustee by way of an Accession Agreement, whether this charge has to be registered with ROC again and if not what are the implications for the same?

Rgds,
Rajan Kapoor

Please let me know the tax treatment in the following case of full & final settlement payment to an employee.

Gross Payment(including Leave Encashment for 45 days):Rs.100/-
Notice Pay Deduction for 45 days:Rs.20/-
Net Payment before Tax:Rs.80/-

Can the leave encashment inflow and notice pay deduction outflow be set off,both being internal company policy related matters,and therefore tax be computed on Rs.100-Rs.20=Rs.80.

is it right that the due date of filing of ITR is extended till feb-08....
is it possible assesee to fill there ITR without Any interest..234(b,c)


Regards,
Rajan Kapoor
e-mail rajankapoor83@yahoo.com

Our company in pay slip the following allowance given, in that which is taxable or not, how much is allowable exmption ? please sir,

Individual tax computaion:

1.Uniform Allowance
2.Vehicle maintenance reiumbursement
3.Children education allowance
4.Books & Periodicals
5.Medical reiumbursemet
6.petrol allowance
7.reiumbursement of club& food

please sir, what is taxable allowance and how much taxable ?