Sale of shares held in physical form - usa?
Can shares of USA company which are held in physical form be sold?
whether DEMAT has to be done in order to execute the sale?
what are the tax implications of such sale for a person resident in india?

A person having business turnover of Rs39 lacks and F&O turnover of Rs4 lacks,whether he is liable for audit u/s 44AB?

Cash payments in excess of Rs.20,000.00 made by a franchisee / dealer to BSNL (Bharat Sanchar Nigam Limited - a Govt of India undertaking) for purchase of SIM / Currency for resale to sub dealers and consumers, whether to be disallowed u/s 40A(3) or it is exempt from disallowance under Rule 6DD(b) of Income-tax rules 1962. Please clarify

Dear All

In case of computation of RFA, 15% of salary or rent paid whichever is less shall be the value of RFA. If the employee doesnt receive salary and only rent is paid for his residence by the company, then how to calculate RFA?

Kindly clarify the same.

if TDS not deducted from the conrtractors payment towards construction of buildings(capital assets), what will be the consequences

Dear

Tds Deduction on foreign payment how much TDS will be deducted on following.

1. Professional fees raised by foreign company
2. Service Maintainance work done by foreign company.

please give the actual rate of TDS to be deducted.

Please Advise

Regards,

Malcome

if an assessee have two separate business say A & B both business's receipts dont cross 40lacs individually but aggregate crosses 40 lacs he is required to get audit report or not?

Is the mat credit entitlement credited to profit & loss account, a taxable item

Dear Sir

as defined u/s 44 AB AUDIT REPORT HAS TO BE FILED before 30 th september for ay 09-10.
the problem is that in case of e filing of return where and how to file the audit report . Is it compulsary to file the report or date mentioned in e return is sufficient.

If audit is conducted before due date but return of income e filed after 30 th sept. how much penalty be imposed .

section 272 and 139 was contradictory.

kindly suggest the solution .

The TDS rates of 20% (or higher if provided in the applicable schedule ) in case of NO PAN available (wef 01/04/2010) - my query is why only transporters are charged at 0% TDS if they furnish a pan , why are other contractors not included?

Is the Fm right by levying such exorbitant rates of 20% or higher , cos in some cases a person may not be legally required to have a pan ? Imagine a labourer working for 150 bucks a day, doesnt have any proof (cant remove a pan number ), falling under 194C will now lose 30 bucks a day as taxes ????

Shudnt the Pan provisions be amended before altering the existing TDS provisions making it compulsary for every person in INDIA to have a pan ?

I believe its going to create a havoc for a lot of ppl dealing in unorganised sectors ...whats the whole point of 206AA ?can sumone explain the intention behind 206AA ? or these provisions are just to provide more 75 lakh PAN applications this year to UTI/NSDL ?15G/15H also to become invalid if Pan not provided ?