Respected Sir
NRI wants to donate from abroad to 80G entitiled institutions Under Income Tax Act.Can he donate? Is there any RBI & Income Tax regulations in this regard ? Please tell me if any.

CA Kamal Khaitan

Sir,
In the case of a construction company where there are several labour contractors (many small time contractors) who do not have PAN numbers, can you please suggest a very practical solution for compliance to TDS return filing. - Tax has been deducted & paid, but return filing is pending for want of PAN numbers of the contractors.
We have attempted engaging only PAN holders as contractors, but have not been able strictly follow it which is practically difficult for small and mid-sized companies in the real estate / construction business.

Raghunathan.

Hi,

Want to confirm if i had interest on loan from April 2007 to January 2008. At the end of January 2008 I had sold that flat and purchased a new flat whose EMI will be starting from 1st of February 2008.

Please let me know whether i can claim house loan Interest of flat which is sold in january under section 24 of income tax act.

Also provide me with circular for the same.

Thanks,
Hemal Parikh

Sir,
Please guide on the following matter.
An Indian software company(100% EOU) is having 95% foreign equity participation.It is also having a foreign director in the director board.
My queries are
1. If profit is repatriated how much tax will be payable, if any , on repatriation?, and also the tax on dividend declared.
2. Can salary be paid to foreign director, and if possible , what is the tax rate applicable?
3.Which is the best tax planning alternative?
Sree Prakash

Pls.tell me the instructions that how to fill from no.36 of Appeal to ITAT (column vise)

Can any one guide me a good book on UK & US Taxation.

my kisan vikas patra investment as on 1st april 2003 is 1,00,000.how much interest should i accrue for financial year 2006-2007(a.y 2007-2008).give me the answer with procedure..

my LIC BIMA NIVESH is matured for rs 1,00,000...will i get exemption? if yes, for the interest amount or whole sum...

MY CLIENT HAS MADE PAYMENT FOR FLAT IN 1985 BUT HE RECD SHARE CERTIFICATE IN 1990..WAT WOULD BE THE YEAR OF PURCHASE FOR CALCULATING LTCG......

This is an examination question. it reads as under:-
Total professional tax paid is Rs.5000/-. out of this, Rs.4000/- is paid by employer and Rs.1000/- is paid by employee.
what will be the deduction from salary?

Medical insurance paid through credit card.

This was allowable u/s80D ( I think cash paid to medical insurance not allowable for exempttion)


pl.sir

Pls. clarify this, (with ref to Sec.115W)

There are 2 companies say A & B. Let B is subsidiary of A. Now a part of exps incurred by A is apportioned to B, as it is expended for B.

While calculating FBT of both A & B, where is the apportioned FBTable exps are taxed…? I.e. in former or in latter…?

re,

Dear one,
Arun Dongre