Pramod Prabhakar Pawar
06 August 2009 at 19:17

Trading in Future & Option

Loss in trading in future & Option within in a year is to be considered under the head of Income from capital loss or speculation business loss ?

Please under which section it is specified ?


Jayesh Jagetiya
06 August 2009 at 18:53

Capital Gain

Dear friends,
Our Company have Long Capital Term capital gain in F Y 08-09. & have business loss in the same F Y 08-09.
Can we set off the LTCG with Business Loss?


K.Murali FCA
06 August 2009 at 18:13

Wrong Quote of PAN by deductor

All are worried that TDS is not appearing in ATS. Now we have an ulta case.

ITC Ltd -Food Division Bengaluru has worngly quoted our PAN and our ATS contains payments u/s 194C & 194I for about Rs 18 lakhs. None of it relates to us.

Now our ITO is asking us abt the property from which we got rent. Our is a CA firm.

No response for Mails to ITC except passing the buck.

What do we do ?


Rajanish
06 August 2009 at 17:19

Industrial Training

Principal CA is not giving transfer for Industrial training to student. What is the solution with the student? Is it a misconduct on part of the CA?


CA Umashankar Vaishnav

RESPECTED SIR
MAY I HAVE ONE QUESTION IN RESPECT OF DIRECT TAX SECTION 40A(3).
SUPPOSE IN A PREVIOUS YEAR I HAVE PURCHASE A CAR FOR RS 500000 /- IN CASH.

THAN FOR THAT PREVIOUS YEAR CAN I COULD CLAIM DEPRECIATION @15 % AS PER INCOME TAX DEP. TABLE

OR

Its Dep WILL BE DISALLOWED UNDER SECTION 40A(3)

IN V.K. SINGHANIA BOOK DIRECT TAX NEW EDITION APPLICABLE FOR A.Y.2009-10 IT IS CLEARLY MENTION BY GIVING THE FOLLOWING EXAMPLE

PLZ REPLY ME SIR

UMASHANKAR
GWALIOR
CA FINAL MAY 2010


CA.SURESH MURUDI
06 August 2009 at 17:07

Deffered Tax Asset/Liability

Sir,My clint is Partnership Firm.Firm has loss of Rs.25657 during the year 2008-09.What is the deferred taxasset/liabilty? for accounting and plz explain the desclosere.


SHILPIN D MEHTA
06 August 2009 at 16:51

Budget 2009

Are the Edu cess & higher Edu cess to be included in the rate of TDS while deducting TDS except on salary ?
i.e. on rate of 2 % whether 3 % on it to be counted or not ?


trupti
06 August 2009 at 16:50

Investment under section 54EC

If an individual parson obtains a long term capital gains, for tax saving as per section 54EC there is option to invest in “capital gain tax saving bond” within six months of transfer of long term fixed assets.
If tax payer applied and issued a D.D. to the investment in ‘capital gain tax saving bond’ within six months from the date of transfer of long term fixed assets, but bond issuing authority made a delay in processing the application and making query in application and after passing on six months (above mentioned period) authority allotted ‘capital gain tax saving bond’ after six months. Then can the tax payer get his capital gain as tax free through this allotted tax saving bond?


Pradeep

A humble request to my freinds and taughters let me to know about the meaning of the speculation business..
Basically am some what away from the stock market so let me to know in detail what is speclative business?.......


Ravi.s
06 August 2009 at 16:10

TDS on AMC charges

Dear Member,

Please clrify if AMC Charges Payable for the year 35000 whether TDs to be deducted. Payment made on 3 installement Rs. 10,000/- , Rs. 10,000/- & Rs. 15,000/-






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