There is a company which has announced a scheme of arrangement.
As per the scheme each share of Rs.10/- will get reduced to 1 share of Rs.2/- and then 5 shares of Rs.2/- each will be consolidated to 1 share of Rs.10/-

Suppose an investor has 100 shares of Rs.10/-.The shares will first get reduced into 100 shares of Rs.2/- each and then they will be consolidated into 20 shares of Rs.10 each.At this stage there will be no capital gains tax liability.

How to compute the capital gains when a part of the newly converted 2 0shares are sold ? What should be the Cost of Acquisition ?

Hi,

If an employee travels for official purpose and if he receives Daily Allowance for the no of days he travels and the same is not taxable in his salary, whether such DA is liable for FBT under Travel @ 5%..??

our is a charitable istitute trst we are given some properties to various parties total rent recevied is in excess of rs.120000/- from singal party, whether trust and charitable institution are exempted to deduct tds or not pl. give me notification and case laws.our total income exempted from income tax.

hi dear all,

i am working in mumbai, i would like to have my New PAN Card with my native place (Tamil Nadu)ration card address. i went online application for new PAN Card, but i dont know AO Number, AO Type Ward/Circle Etc.

can any one help me out that how can get it done

thanks with regards

nasa

Due to termination of services after completing three years of working, the provident fund amount after deduction of tax is paid to the employee. what will be the treatment of the amount so received? can it be carried over directly to capital or will it be credited in p/l and be liable to tax at the normal rates? please advise

Hi,
I want to know the calculation of the tax paid by the employer on the behalf of employee. Since, under section 17(2) of income Tax act it is also considered as monetary perquisites & taken under head of Taxable income.

loan has been taken for marriage ,
is it allowable for deuction under which head or under which section.

When an employee is on travel the expenses incurred during travel as conveyance ,

would such conveyance be liable for FBT under Travel at 5% or under conveyance at 20%

TDS excemption certificate is received in the name of 'X' company. The name of 'x' is changed to 'A'. 'A' company has given the registration of change in name and also the old PAN number is continuing.

Whether the TDS excemption certificate issued in the name of 'X' will be applicable to 'A' also or TDS is to be recovered while making payment to 'A' company?

Dear Sir/Madam,

I have following query, any one having knowledge can resolved it at earliest.

Question:- I am working in a BPO company providing service to a big UK Chartered Accountant firm. I want to know how should our company will raised bill, means including how much service tax. And thereafter how much TDS will UK firm deduct from our earning. What is procedure of refund of TDS from UK Income Tax Dept (HMRC Dept.)

Example:-Suppose we are providing a service of Rs 100 to UK Firm. How will we raise bill means including how much srvice tax. Thereafter how much we will get from UK firm after deducting TDS. What is procedure of getting refund of those TDS as we are procuring business with the help of a broker residing in UK.