Hi,

a) Can I have seperate portfolios for investment and trading, whereby gains on the investment portfolio will qualify as LTCG/STCG and those on the trading portfolio will qualify as income from speculation?

b) Suppose I have share A in my investment portfolio, I sell share A and buy it back on the same day. Can I show it as a speculative transaction not affecting my
investment portfolio i.e. FIFO not applying and simply an unrelated speculative transaction?

c) Is it to my discretion as to which transaction to classify as an investment and which to classify as speculative? If not what are the parameters on which IT dept categorises these?

Thanks & Regards

Our company has paid oecan freight to Maersk, MSC I P. Ltd and to other liners.

Shall we deduct tds these payments. The freight amount invoiced in USD and then convert in to INR . we have paid in INR.

Kindly advise

do a senior citizen need to fill nad file ITR1 (sources are pension and interest) if his limit of income is below 225000.
or do he hv to file nill return.
can he sit without filling it as his limit is below 225000.
help

Is service tax is exempt on construction of Roads. Please let me clear it is exempt on Govt. contract or all type of contracts. Please reply me on satendra77@yahoo.co.in

what is the way of understanding this complecated subject?

An employee of our client has shifted from Bombay to Pune.Apart from meeting his air ticket expense, the company gave him an allowance based on his grade(the company has a policy to give fixed allowances on such occasions based on the grade of employee irrespective of whether any actual expenses are incurred agaist it or not) which is not against any actual expense. Air ticket expenses have been charged to FBT. Whether the allowance given would be taxable in the hands of employee or chargeable to FBT?

Please help me on this:

One of the clients wants to convert building into stock in trade. How to determine the Fair Market Value of the building for taxation purposes.

Dear Sir,
Banks & other financial service providers charge service tax on bank charges & other services. Can we take cedit of service tax on such business auxillory services? Is there any time limit to avail cenvat credit on banking & financial services?

DEAR SIR/MADAM

IN THE F.Y. OF 2008-09 WE HAVE FILED E-TDS RETURNS WHERE I GOT U.T.N. NUMBERS THESE F.Y. PLEASE TELL

THANKS IN ADVANCE

DEAR SIR/MADAM

IN FORM-24Q IN ANNEXURE-I DETAILS FILING IN THE COLOUM OF TAXABLE AMOUNT ON WHICH TAX DEDUCTED (318) IN THIS COLOUM TAXABLE AMOUNT MEANS

ADD: BASIC SALARY+DA+HRA+CCA+ETC.=100
LESS: PF+LIC+GIS+PT = 15
PF,LIC,PT,GIS IS DEDUCTED BY 85
THE EMPLOYER

WE ARE ENTERED IN COLOUM NO (318) 85 OR 100, PLEASE TELL
THANKS IN ADVANCE