Income Tax queries [Resolved] [13132]

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muralidharan menon

This Query has 6 replies

14 May 2007 at 05:00

Income Tax

For the purpose of calculating Book Profits u/s 115 JB will the amount transferred from the Securities Premium Account to the profit and loss account be added back to the Net Profit?

Regards

N.Muralidharan Menon

Madhav

This Query has 6 replies

14 May 2007 at 02:00

NRI Tax Provision

Hello sir

is the divindend received from mutual fund units is taxable in the hands of NRI,if yes,is it advisable to invest in the name of spouse of the NRI(by treating the amt. received from NRI as gift) or is there any better option available

Arun Somani

This Query has 10 replies

10 May 2007 at 23:57

Section 2(12A) of Income Tax Act

Whether it is necessery to keep hard copy of the books of account as per IT act. If yes then what is the objective to insert section 2(12A) in the act