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ncvijaykumar   11 May 2010 at 19:39

Section 2922)(e) - Deemed Dividend

A Shareholder having substantial interest received money from the company in accordance with the family settlement in which the company is also a party to the agreement. Whether the receipt is taxable in the hands of the shareholder under section 2(22)(e) of the Income Tax Act 1961?

SUBHASH SHARMA   11 May 2010 at 12:55

GOODS DELIVERD IN DELHI BUT TO BE TRANSPORTED TO OTHER STATE

GOODS SOLD FROM DELHI AND CUSTOMER WHO BELONGS TO OTHER STATE TAKES THE DELIVERY IN DELHI AND PROVIDE C-FORM.
CAN WE TREAT THIS SALE AS A CENTRAL SALES TAX.

DEPARTMENT OF TRADE TAX, DELHI DOES NOT TREAT THIS SALE AS A CENTRAL SALES AND ALSO REFUSED TO ACCEPT THE C-FORM.

KINDLY ADVISE.

SUBHASH SHARMA
ADVOCATE
M-9891338895

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