If i transfer my all equity shares to portfolio wherein such shares are traded by Portfolio Managers.
I don't have any other business income. what shall be the nature of profit/loss which i have earned through portfolio?(either capital gain /loss or business income/loss).
please reply me with reasons.

whether the provisions of sec. 269ss & 269T is applicable to primary agriculture credit society

What is the difference between Speculative Loss & Capital Loss?

Under what circumstances loss on sale of shares be considered as speculative loss and when shall it be Capital Loss?

Regards,
Shefali.

Dear all pls confirm event managemnt services are Professional services or contracting services? THIS IS FOR THE PURPOSE OF TDS MEANS AT WHAT RATE TDS SHOULD BE DEDUCTED BY OTHERS ON OUR INCOME IF WE ARE PROVIDING EVENT MANAGEMENT SERVICES . AT THE RATE OF 2% OR AT THE RATE OF 10%

Hai friends



I have come across a problem. A sole proprietorship is converted into a company. after that all income and expenses are booked in the name of the company. But the company forgot to intimate it to their clients and they continued making payments in proprietor's name. Actually the income is booked in the name of the company. But the problem came when the client issued TDS certificates in the name of proprietor. They are not willing to change it.

Since the proprietor has no income since all income is booked can he claim refund for the tax deducted in his name.

A company was incorporated in July 2004 . The company started Restaurant operations in the May 2005 .


The restaurant business was continued by the company till March 2008 . The Company has also exported frozen food to United Kingdom . Due to heavy operational cost the following losses as per income tax are accumulated .


Kindly advise if what conditions are to be fulfilled for claiming losses under Income tax Act in case we opt to merge this company into some other profitable company .


With regards

Sandeep Rohatgi
09868705794

Suppose the income is shown in A.Y. 2007-08 but the TDS was not claimed in the INcome Tax return as the TDS certificate was not available at the time of filing of return. Now we have received the TDS certificate and we donot want to file the revise return.
How can i claim the amount?
Whether a letter is suffice writing to AO about the details and claiming it?

Can i claim it in A.Y. 2008-09 as SEc 199(3) is amended where it doesnot speak that the TDS will be allowed only in that year in which income is offered?

if the director of the company pays club membership fees for joining a club , so that he can increase his network and business contacts ,whether that expense is allowable in the books of the company???

Case will go for assessment either to ITO, CIT or Add.CIT is depends on which criteria. is there any Total Income slab which decides that this case will go to the ITO or CIT or Add.CIT

Is there any circular has been passed by CBDT regarding no payment of income tax refund until scruitiny assessment will be pending. If there is such circular has been passed, please provide me such circular at the earliest.

Above is most urgent.