whether the provisions of sec. 269ss & 269T is applicable to primary agriculture credit society

What is the difference between Speculative Loss & Capital Loss?

Under what circumstances loss on sale of shares be considered as speculative loss and when shall it be Capital Loss?

Regards,
Shefali.

A company was incorporated in July 2004 . The company started Restaurant operations in the May 2005 .


The restaurant business was continued by the company till March 2008 . The Company has also exported frozen food to United Kingdom . Due to heavy operational cost the following losses as per income tax are accumulated .


Kindly advise if what conditions are to be fulfilled for claiming losses under Income tax Act in case we opt to merge this company into some other profitable company .


With regards

Sandeep Rohatgi
09868705794

if the director of the company pays club membership fees for joining a club , so that he can increase his network and business contacts ,whether that expense is allowable in the books of the company???

Case will go for assessment either to ITO, CIT or Add.CIT is depends on which criteria. is there any Total Income slab which decides that this case will go to the ITO or CIT or Add.CIT

is an assesse does not pays the interest on tds on which he is liable to pay because of late payment to the credit of central government, than what are its consequences ?

We have incurred expenditure on account of advertisement of Rs.95 Lac (Aprrox.) on NDTV group.

We would like to treat this expenses as deferred expnditure. Can, we treat as deferred expedniture ? If yes how many year can we written off ?

Is It ok to show as deferred expnediture as per I.Tax Act & Company act?

Pls advise me.

Baljinder Singh

can any body tell me the depreciation rates on

1) Docks and seawalls,Piers and Navigational aids.

2) Cranes and vehicles

3) Floating crafts.

4) Wharves , roads,and boundaries

5) Capital Dredging.

Any body who has ever handled an audit of a port can definetly answer this question.

i want to know exactly that can public provident fund account balance be attached with the income tax department recovery ?
hope 2 c the reply soon

Please tell me exactly which sections to be refered for calculating Income tax for an individual and a company primarily.