I am an investor and not a trader in stock market.When I purchase a share ,the broker charges STT. Whether this STT is includible in the cost of acquisition? Similarly while selling the share ,whether the STT charged is to be deducted as expenditure. Has there been any change in the provisions for A.Y. 2008-09

What will be tax treatment for the following case.

suppose an indian company sends his employee to foreign country and pays daily allowance from his independent branch located in the foreign country.

the allowance paid in foreign country is only to meet food exps, and rent and conveyance and it is fixed irrespective of amount of expenditure.

He is getting his indian pay in india and TDS is deducted there on indian salary'

but what is the treatment for the daily allowance received outside india

Sir,

While filing a salary return. if a person earned salary upto sept. 07 in india & after that if he leaves India for job. then while filing ITR form what status should be write ( as resident or Non residendt ) for the salary earned by him in india & interest income earned by him in India

Please guide.

Please advice me on the taxability of Daily allowance paid by an Indian company to its employees on duty outside India for meeting expense on food etc.This allowance is fixed irrespective of the expense. This payment is made to employees by a hotel in that country. The hotel raises the invoice to the Indian Comapny.This payment is finally made by Indian Company to the foreign hotel.
Advice on the taxability in the hands of employer/employee/hotel.
Is any withholding of tax required?
Also advice on the FBT aspect.

respected sirs,

compensation received on loss of source of income is Capital receipt. while compensation received for loss of future profit is Revenue receipt. can anyone pls give example for both n elaborate the same?

thanks in advance
tima

Sir,
One of my client ( a Doctor ) is running a clinic and he is getting Rs.5.50 lacs as income ( Gross );he is also working as a part time lecturer in a college and his salary income is Rs. 5.50 lacs.Please clarify whether tax audit is required
Sree Prakash

int us 234C and us234B is done in FBT for what purpose.and when?

Can an individual with "tax refund" file the return after due date i.e. 31st july? Would there be any fine for such?

Please guide me whether tax is required to be deducted at source on payment of Commission to foreign agent for arranging the materials to be purchased by my client. If yes, please give the reference of the section for provision and rate of TDS

Dear Sir,

I am a salaried person, having deducted TDS by my employer. But since i hv changed my employer last year so i have different form 16 and both have given me the benefit for basic exemption. so my TDS deducted is less than what should be liable, Hence pls make me understand that if i file IT return after 31st july 08 what would happen and if i pay tax after 31st july 08