one of my employee has paid salary to her previous employer on account short notice period. The amount paid is significant. Her earlier employer has not mentioned that in her form 16
My query is :

Shall i considered that amount in his tax calculation?
If yes then under which section.

I am salaries person... My taxable salary works our to be Rs. 18000 thus the tax will be Rs. 1800 only. But i have incurred a loss of Rs. 10,000 from Share market (Short Term).....

My question is "what will be the treatment of short term capital loss while computing tax liability????""

Can a bank deduct t.d.s on interst on Fixed deposits held by a trust (registered u/s 12AA )like any other person?

1.Can i know what are the accounting entries for MAT Credit taken during the year along with the example and their effect in Balance sheet.

2.Whether the balance MAT credit is accountable/shown in balancesheet in which the MAT credit is utilised?

3.Whether the Provision of income tax is shown net of Advance tax and MAt credit taken?If no how it shown in balancesheet

Our company is paying lease rent on car taken on lease from ICICI Bank, but we are not deducting TDS on the lease rent. I want to know is there any TDS liability on the same. Is it make any difference that payments are being to ICICI Bank.

"A raised bill for his prof. service to B Ltd for Rs. 10000/- plus service tax @ 12.36%. Total bill amounts Rs.11236/-."

Question is that TDS liability should be drawn on which amount:

1. Rs. 10000/-
2. Rs. 11236/-

What is the effective date of 1% Additional education cess. It is 1st April 07 or 11 th May 07?

sir\Madam,

is it is possible to pay intt. by father to his daughter agst. amt. received by him(Father) from daughter as unsecured Loan
What Sec. 64 Says in this regards

Thanks & Regards
Vipan Kumar

Whether TDS grossed up U/s 195A would be disallowed as income tax U/s 40(a)(ii)?

Does any one have latest Income Tax Structure comprising Tax rates and Deductions allowable etc in respect of following countries

China
Norway
Austria
Canada