Shabbir
25 October 2007 at 13:09

Fringe Benefit Tax

Whether a company has to pay FBT if it does not have any employee on its roll but engages contract workers on hire ?


harshit
25 October 2007 at 11:25

e-tds filing(returns preparation)

I am working in Hyderabad based company,
I know e-tds returns preparation (correction & regular).
now i am taking care of doing e-tds quartely retuns, looking for clients.
please help me, for doing part time job work in any place in Hyd.
plz help, this was very helpful for me, to overcome my financial troubles.


Rishi K

One of my friend who is a housewife had rental income of Rs.60000/- in 2004-2005 and profit on shares of Rs.506841/- upto 30-9-04 and loss of Rs.150768/- during second half (from 1-10-2004 to 31-3-2005).

Most of the shares traded during the year were acquired (about 50%) through IPO in previous year / assessment year. About 30% of shares were acquired by transfer at market rate from friends who were employees in Issuer Companies and were allotted in employee quota. These employees were partly funded by granting interest free loan. About 20% of shares were purchased / sold from market through BSE/NSE. The tax was paid treating net income as capital gain.

ITO while assessing the case has opined that the trading in shares which has been done at frequent intervals is business and the profit thereon is business income and not capital gain. Pl advise with decided case, if any.


SREE PRAKASH
24 October 2007 at 20:39

Interest income of a 100% EOU

Kindly clarify the following
1.A 100% EOU receives interest on deposits ade with customs dept. Is it taxable ?
2. What about exchange difference income?


whacky
24 October 2007 at 17:21

due date for filing return

hi friends...!!!
i would like to know the due date for filing of return of charitable trust... pls answer


SUYASH SN. KAPUR
24 October 2007 at 16:36

Filing of ITR of a TRUST

Dear Friends,

My query is do we have to file the return of the TRUST digitally i.e. e-Return


Samir
24 October 2007 at 15:25

Tax liability in case of gift

If my mother gives gift to her husband's brothers wife does it attract gift tax?


surendra
24 October 2007 at 13:10

income from H/P

a coy is receiving rs.18000 p.a. of rent from sister concern for last 10 years on verbal agreement though market value is appx.6 lacs & ALV as per MCD is Rs.70,000/. AO is making the assessment at market value. pl. comment


Abhijit Pimple
24 October 2007 at 13:01

TDS on Provision

Please suggest whether TDS is applicable on Adhoc Provision and Specific Partywise Provision made for a period.

Also specify the provisions in this regards if there is no subsequent bill raised.

Abhijit


Mridula
24 October 2007 at 11:25

Deduction u/s 80 IA

Dear Friends,

My company has installed Captive power plant which produces the electricity which is captively used.

I want to know whether deduction u/s 80IA is applicable to us on generation of electricity as the fact is we are not in the business of power generation but we are forging manufacturer.

Kindly Solve.