Dear Expert,

An army Major was sent on UN assignment. He opened an NRE account in SBI prior leaving. All allowances received from UN remitted in that account. He made an FD out of balances so accumulated in the account on 4.1.2007. By 31st July his assignment was over and came back to India and joined the Army. On 4th January the FD matured and got encashed. He received an Interest of about Rs.50,000/-
Please clarify: Is he liable to pay income tax for the interest? If the answer is yes a) interest earned after returning to India or the whole interest is subjected to Tax.

Hi friends
please tell me any body what is the arcileship period after completion of
PE-II.

Regarding Expenditurefor Computers What Can be capitalised?

What are the consequnces of not filling the income tax return of individual, having tax liability, befor 31st july,2008 ?

Our company is in arbitration. our company has to bare 50% of fees payable to Judge of the arbitration. Whether the company is liable to deduct the T.D.S on fees payable to judge for the arbitration ?

please give your expert opinion on above.

Thank You.

While raising invoice in respect of central sales, while mentioning CST No. of the buyer, will only the CST No. do or do we have to mention the date of CST No. also?

Regards

From when and upto what extent IFRS would be applicable in india.
From which site to get more informations and updations in this regard.

Ordinaray director not getting any remuneration till date. It is proposed to give him remuneration. For this purpose he has to be named as whole time director or executive director.
Querry is whether we have to file form-32 om this situation.

Would appreciate early reply. Thanks in advance

I Want To Just Clarify Regarding Answer Given Mr.Anand To Mr.Sathiyamurthy Regd Which ITR For Ins.Comm.
Insurance commission will fall under the head of Income from Business or Profession
ITR-4 Needs To Be Filed And Not ITR-2

Dear All
I am doing audit of MFI which is registered as a society. They have taken some amount of unsecured loan from a pvt limited company. Is there a limit on the
a) Unsecured loan amount
b) Interest paid against that loan