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Anonymous   09 May 2010 at 15:08

interest on borrowed capital

Is there is any restriction in rate of interest on borrowed capital. further any effect on of SC decision on MUNJAL SALES CORP. V/S CIT 2008 215 CTR SC 105

vijay dhiman   07 May 2010 at 16:39

DEPRECIATION RATE

R/ALL

WHT IS THE DEPRECIATION RATE AS PER INCOME TAX ACT & WHT IS THE AS PER COMPANIES ACT FOR THE FINANCIAL YEAR 01/04/2009 TO 31/03/2010.

URGENT

SHASHI BHUSHAN GALIB   07 May 2010 at 05:48

notice u/s 143(2) and 142(1)

what should i do on recieving notice u/s 142(1) for furnish in writing along with audit report balance sheet, trading and profit and loss account with anextures

Anonymous   05 May 2010 at 21:13

Question regarding Income Tax on profits made overseas

I am Indian citizen, permanently residing in India. Suppose I transfer Rs x(income tax already paid) to my stock brokerage account with a broker in USA/UK. Thereafter staying in India itself, I do online trading over internet using the USA/UK brokerage account and make profit of Rs y, thus Rs x grows to Rs x+y.
Question: Am I supposed to pay income tax on my profit Rs y for the concerned financial year? Or I can wait another financial year and let Rs x+y to grow to Rs x+y+z and pay income tax on Rs y+z when I bring back Rs x+y+z back into India?

raj kumar   04 May 2010 at 23:49

sales tax

i have sent goods infavour of A, but due to address problem he did not received the same and the goods returned to godown. but in the mean time i have submitted my quarterly vat return. what shall i do now?

santosh kumar huded   04 May 2010 at 18:31

corrected return in karnatka VAT act

when a corrected return is to be filed due to airthmetical error and according to books of accounts, whether the return corrected is to be accepted or not by the assessing authority

V K SINGHAL   04 May 2010 at 16:10

Supreme Court Order (Section 68 of I Tax Act)

I need complete details of Supreme Court Order in the case of CIT v Lovely Exports (P) Ltd regarding section 68 of the Income Tax Act, 1961. This case is to be quoted before CIT(A).

Anonymous   03 May 2010 at 16:16

12.5% premium cidco scheme

Is transfer of plot of land alloted to one under 12.5% premium cidco scheme exempt from capital gains tax

Anonymous   02 May 2010 at 13:29

carrear guidence

Respeted seniar I am in practice for last one year ,my fields are mostly civil and labour laws as i am also a commerce graduate I want to shift my direction towards taxation.is it good to switch taxation after one year work in civil

mahendrakumar   02 May 2010 at 11:14

taking dd favouring LIC on 31st march 2010

I invite your kind attention to an "unhealthy" discussion taking place on the forum.

a reader posted a query whether by taking a dd favouring lic on 31st,march 2010 and sent the same by regd post to the lic branch. LiC has accounted the same on 07th april 2010 .Is the party enttled to claim for rebate on 2009-2010?

My contention was since the lic has received the premium during 2010-11, he is not entitled to claim rebate for 2009-10.

For this a senior expert of this forum has accused me of giving answers of unfounded nature and out of intuitions.

even if i am wrong in my answers, i do
not think any here is authorised to make such sarcastic remarks.

Hope some one respond in this.