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

WHAT IS STATUTORY BONUS

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

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 !!!!

1-ONE LADY HAD A HOUSE WHICH IS HER!S NAME BUT PAYMENTS ARE MADE BY HER HUSBAND BUT IN MUNCIPAL RECORDS THE HOUSE IS HERS NAME WHO IS THE OWNER OF THEPROPERTY.
FROM TOTAL PAYMENTS OF THE HOUSE SHE PAID RS.25000/-BALANCE AMOUNT PAID BY HER HUSBAND
SHE ALSO ACQUIRE A LAND FOR RS.50000/-IN LAST TEN YEARS FROM HER PIN MONEY AND SOLD DURING THE YEAR FOR RS.1400000/-
FROM THIS AMOUNT SHE GIVE RS 800000/- TO HIS SON FOR PURCHASE OF NEW HOUSE

WHETHER RS.800000/- PAID TO SON IS EXEMPT FROM CAPITAL GAIN TAX

as it is not possible to get set off of business profit against long term capital loss. however, can it is possible to carry forward business loss set off against the long term capital gain.

If employee has two child one is staying with parents and other one is getting higher education and living in hostel,what maximum exemption he can get u/s 10

Should the Traders/ Contarctors/ Transporters showing profits u/s 44 AD/ 44AE or 44AF should also take care while paying for expenses more than Rs.20,000/- in cash.

dear sir and friends

In this regard i would like to know the meaning of term TURNOVER whether it include Parchase or both purchase and sale?

what is deferred tax ?
would u please guide me about link with the help of which i can reach the real meaning of deferred tax and its treatment and implication in taxation and accounting