minor has earned income exceeding the basic exempotion limit as per income tax act from his own skills.since he is a minor, he won't allot PAN Card.What is the procedure to file Income tax return without getting PAN card????????????????? Please give me answer this question??????????????

Proviso to Section 2(15) says that carrying on any activity in the nature of trade, commerce or business shall not be a charitable purpose.

But section 11(4) says that "property held under trust" can even be a business undertaking provided that it must be incidental to the attainment of the objectives of trust as per sec.11(4A)

So, what is the implication of amenmendment in Section 2(15)?

Also, whether any change made in the auditors report Form 10B in connection with new proviso?

what are the independent directors and what are there liablities?

DEAR SIR/ MADAM

AS ASSESSEE CASH RECEIVED FOR LOANS WHOLE OF THE YEAR IT WAS 150000 BUT THESE AMOUNT RECEIVED FROM CREDITOR SOME INSTALLMENTS NOTHING TO ANY INSTALLMENT WAS MORE THAN 20000 EXCEPT ONE I.E.23000 REMAINING 127000 WAS SOME INSTALLMENTS AT THIS SITUATION TOTAL 150000 IS DISAALOWABLE OR ONLY 23000IS DISALLOWABLE UNDER SECTION 269SS, PLEASE TELL

THANKS IN ADVANCE

What is the nut shell position for internal audit for companies i.e. when co. has to appoint internal auditor, is there any monetary limit, whether audit applicable for both pvt & ltd co., weather applicable for all type of co's etc

I have some shares in the name of a minor in a private limited company.Now the minor has attained majority.what is the procedure to change the status to a major from minor.

Will simply writing a letter to the Company serve the purpose?

Plz reply.......it's urgent

1.what is the tax treatment of dividend paid by a foreign company on which tax is deducted in that country?

what is the conversion rate which is to be applied for such dividend?

If shares are sold by an employee who acquired such shares under ESOP in a U.S. company, what is the tax treatment of such sale?

what is the rate to be applied?

consider the following situation:

Mr.A is employed with xyz ltd. under the terms of employment if Mr.A is to leave employment before a certain period, he is to pay the xyz ltd Rs. 4,00,000. suppose Mr. A terminates his contract with xyz ltd and joins ABC ltd by paying Rs. 4,00,000 to xyz ltd, can Mr. A claim exemption for this amount in the following situations:

1. Mr.A pays Rs.400000 on his own

2. ABC ltd pays Rs.400000 to Mr.A to pay to xyz ltd

whether lic premium paid in cash eligible for deduction u/s 80C for AY 2009-10