Hi

My Indian company trsferred me to its US subsidiary on Mar 03, 2008. And I came back on Dec 28, 2008.

I want to know whether my Income in US for the period Apr-Dec, 08 will be taxable in India or not?

If yes, then I can take the benefit for DTAA?

Regards
Vineet

PLEASE ANY ONE SEND ME A RESOLUTION REGARDING THE RE-APOINTMENT OF THE RETIRING AUDITOR IN AGM

If a company brings out an ipo how is the money recieved taxed. (suppose FV is Rs 10 and issue price is Rs 50 i.e premium of Rs 40, what will be the tax treatment?)

Hi Experts!
Please send me a Board Resolution for increase in Authorised Share Capital.

Can a member practicing as a proprietor can also be a partner in other firm of practicing chartered accountants

Dear all,

Whether the expenses incurred in a farm for purchasing 800 banana plants for total of Rs.30400 can be capitalised or to be expensed? The activity is sale of agricultural produce. no other farm activities.
I am asking because i think this is outside the scope of AS-10 as it is a natural regenerative resource.
What will be implication for tax purpose/depreciation.

I registered for CA inter on 1997 and completed Articleship as prescribed by the institute, though i have not appeared for any exam. later on 2008 i coverted into PE2 and appeared for group 1 and cleared the same in 1st attempt. appeared for group 2 in June 09, and waiting for the result. Kindly advice me, what is the option i having, if i could not clear the group 2

Who can attest the DIN application of an NRI who is appling for DIN while he is in India at the time of application.

ABC LTD. IS A MANUFACTURING CO. AND HAS PLANT & MACHINERY OF WHICH WDV (INCOME TAX)AS ON 1.04.2008 IS RS. 25 CRORES. DURING THE F.Y. 2008-09 A FIRE BROKE OUT IN ONE OF ITS MANUFACTURING UNIT RESULTING IN LOSS OF PLANT & MACHINERY WORTH RS. 50 LACS AND CURRENT REPLACEMENT COST OF THE DAMAGED P & M IS RS. 90 LACS. THE COMPANY HAS INSURANCE COVER OF RS. 5 CRORE FOR SUCH LOSSES. THE COMPANY CLAIMS RS. 90 LACS FROM INSURER TOWARDS THE LOSS. THE INSURER SETTLES THE CLAIM FOR RS. 65 LACS.

NOW MY QUERY IS THAT WHETHER RS 15 LACS (65 LACS - 50 LACS) IS TAXABLE AS CAPITAL GAIN OR AS BUSINESS INCOME.

PLEASE ANSWER ELABORATELY.

Can ,for income tax purposes, one person have accrual based accounting for some securities and cash based accounting for some securities ? for example for securities in my name I keep account on accrual based and securities purchased in the name of my minor daughter I keep accounts on cash basis so that at the time of receipt of interest she would be major and i would not be required to pay tax