1)I have been paying ever year
Rs. 20,000/- for reliance insurance
2)Three years locking period after three years
3) I am an income tax assessee (salary income 35000000/-p.a)


If i will earn Rs. 120000/- after three years

If any tax liability on margin earnings

And please explain U/s. 10(10D) of IT Act
Is applicable in my case

thanks & regards.
balu

Sir will the amount of dividend reinvested in mutual funds, say SBI TAXGAIN Div. reinvested plan, qualify for deduction u\s 80C?

Further will the PPF interest be allowed u\s 80C on the same footings?

The above doubt is created as there is no requirement of depositing the amount out of the taxable income for claiming deduction u\s 80C.

if we take loan before 1 april 1999 and spent it to repair a existing house and on 4 th april 1999 i took a fresh loan for constructing upper floor of same house.

My question is this as considering to above said information of what amount of deductions should i claim and what the suitable reason for this?

option Ist 30000

or

option 2nd 15000

or

option 3rd 180000

I have incured loss on sale of share.

I want to carry forward this loss to next year.

For this, i want to sold my share to my friend without paying STT.

Am i right or not?

what is stamp duty?on wat it is applicable...
is it the amt of stamp paper which we use or purchase for some purposes?or other than the amt of stamp paper...if i purchase a stamp paper of rs 100,i;e i have paid rs 100 stamp duty?WHAT IS THE CRITERIA FOR APPLYING THE STAMP DUTY?

is a PRIVATE COMPANY liable to deduct TDS on director remuneration?

also, whether is it possible to make such payment without deducting tax at source?

I would like to know, if a person gets his retirement and availed the commuted pension which is 1/3 of his pension for
10yrs besides his periodical pension.(2/3)

Will he be start receiving back his 1/3 pension at a specified time after the completion of 10yrs, if he is alive.

OR
will he receive nothing, once availed his commuted pension (ie.1/3 part), after 10yrs, if he is alive?

From:Swati

Whether Fringe benefit is applicable on internet charges?

I understand that an accountant's report on Form No.3CEB to be furnished by an enterprise that has international transaction with its associate concern during a given accounting period, pursuant to section 92E of Income tax Act.

My company has not filed such report for the past two years, where we had international transaction with our overseas JV about Rs.3.75 Crores per year

Our Tax consultant says if the auditor of the company is of the opinion that the company has computed its tax having regard to the arm's length price, then the report is not necesaary to file.

a.Can anybody authoritatively confirm this contention of our consultant?

b. Also what is prescribed documentation to be kept as a proof of the same.

Whether TDS should be deducted under section 194 C or 194 I in respect of hotel room rent.

Fact :A partnership firm is engaged in the making a movee and some actress stay in hotel on behalf of partnership firm(not on regular basis) for different period and there is no agreement between hotel and partnership firm.