hii.. can u please tell me abt the tax liabilty on prize won by ppl in these reality shows... how is it taxed??
the prize consists of cash prize as well as immovable property (a flat or villa)... the registration copy of the said property is wat is being handed over to the winner..
who pays the tax on this? does the registration copy have any relevance in this context?

Dear Sir/Mam,

I would like to know about the following:

1.if my transfer form is signed after March 27, will it be valid or not.

2. i have converted from PCC to IPCC. After i pass the first group, do i have to work under the same CA or can i get a transfer done after that.

Thanking you.

Yours sincerely,
Jyoti

ABC Co. is a subsidiary co. who is engage in power generation in India.

Query:
whether ABC co. eligible for deduction u/s 80IA/IB/IC.
if yes is there any caselaw or judgment available for this related topic in which Subsidiary co. eligible for deduction.

please don't reply for reading of ITAct. b'coz in act in Sec.80IA no where mention for Subsidiary co.

Sir, I have terminated my articleship on 9thFebruary2009 and now i am not doing articleship anywhere(means not re-register anywhere).My attempt(PCC) will held on june2009.I have completed my articleship for 21 months and wantS to join after june exam(re-register after exam).
Is it right decision or not??
Please give me a suggession about this as soon as possible.
Thanks in advance.

Hi everybody
Kindly give me anybody a rate chart for custom duty/ Excise and also discribe on which goods it is applicable? is it can taken as Cenvat credit on service tax liablities

Hi everybody
Kindly give me anybody a rate chart for TDS. deducted on sources with surcharge.

This Queary is very complicated as under:

The Dealer is Registerd Dealer under DVAT and CST Act of Delhi and functioning its business from delhi. The dealers business is trading of Scientific Goods use for student. The dealer sold the goods to M.P. (Madhya Pradesh) to any school and charged CST @4% but the purchaser deducted The Tax amount from the Bill and deposited in the M.P. Government A/c And Issue a certificate on Form No.31 from M.P. Govt. My Question is this that CAN DEALER GET REBATE FROM HIS CST LIABILITY FOR THE AMOUNT OF WHICH HE GOT TDS CERTIFICATE ON FORM NO. 31. IF YES, IN WHICH COLUMN IN THE CST RETURN IT CAN BE ADJUSTED ? KINDLY CLARIFY THE POSITION AT EARLIAST.

SIR/MADAM

I WANT TO GIVE SOME MONEY AND ASSETS TO MY SON (18+) TO SET UP A NEW BUSINESS. WHAT PROCEDURE SHOULD I TAKE SO THAT HIS TOTAL INCOME WILL NOT BE CLUBBED IN MY HEND.

THANKING YOU
SAMPAD

how many transfers can be taken by an artical during total period of his articalship

On a close scrutiny of the bANK aCCOUNT of one client, it was learn t that he had opened a SB bank account with ICICI Dibrugarh(Assam) after singing that he wasnt a income tax assesse, on around OCT 2008. Later in 5\4\2009, he came to a Delhi and Asked the Cannought Place Branch to update his TAX details and furnished them with with PAN card xerox which had been issued to him in 2001.

Queries:
1) What is the postion from Income TAX point of view? Can he be held responsible for falsification of the fact that he had initially signed to be not a income tax assesse?
2) If yes, what are the penal provisions? Specially, is he liable to criminal proceeding?
3) If No, what is maximum penalty liable to to be paid ?
4) When will the IT department come to know that he had falsified the truth?
5) Similarly, can the bank charge him for any offence under Banking Regulation Act, 1949?
6) The contention of the client was that, he was in URGENT need to open the account. The employee of the Bank had VERBALLY asked him to opt for this procedure, which he did. That point of time he wasnt in a position to give them with a Xerox copy of the PAN. So he opened the account and aftr few months when he was in a position to give the details, he gave it to the bank. Is the aurgument of the client valid?