suppose ram pur. mutual fund for rs. 10000 in may 08 and claim deduction in 80c in a.y.09-10 and submitt the return in july.09
and now he sold the fund and receive 12000 in sep.09 . Is the ded. of 80c has to be withdrawn and what is the tax treatment for the gain of rs. 10000


Is it would be exempt as LTCG u/s 10(38)
or taxable @20 %.



please reply if anyone has the answer

for calculating remuneration to partners, how is the effect to be given for allowances & disallowances

what will be the effect in following example?

net profit as per P&L rs 1500000/-
exp. disallowed during the year rs 20000/-
exp. disallowed in last year allowed in current year rs 5000/-

partners A B C
p.s. ratio 25% 25% 50%

I want to know ki whether for Nov'2010 CA Final exam VAT will be applicable or GST

Minor child receices gift from say mother's frnd worth Rs.20000
Mother recd. gift from her friend worth Rs35000.
So if son's income is clubbed with mother's income,then for claiming exemtion U/s56
gift amts will seperately taken into consderation i.e Self-rS.35000 So exempt n Son's-Rs20000 so exempt again
OR
Total gift amount Rs.55000 will be taxable n mother can claim exemption U/10(32) of Rs.1500.

Please clarify y doubts sa soon as possible.
Thanks

A person has given his PAN no to various parties which they qouted on TDS certificates issued by them, now the same person applied for new PAN because of rectification in DOB and has been alloted new PAN & the same was given to parties (Deductors) which they quoted on some TDS certificates issued by them.

Now my question is how will this person show the Receipts(Income) for 2008-2009?

What is the remedy?

If a graduate + PCC qualified student wants to stop pursuing CA & join a bank for a job, is there an advantage for him over normal graduates?

pls clarify.....

Is surcharge and Cess applicable for TDS? If Rent payment to Individual is Rs.15Lakh for the year, TDS is to be done @ 15% or 15.45% or 16.995%?

if my services in the first year exceeds 10 lac i.e they are 12 lac then whether s.t will be charged on 12 lac whole or on only rs. 2 lac after taking basic exemption of rs. 10 lac for 1st year

can any one tell me what will be the service tax rate applicable for nov 09 exam 10% or 12%

What is deffered tax liability and deffered tax assets? what is the procedure for its calculation? Pls Guide me.