I received a Extraordinary income which is not chargeable to Tax, being a capital receipt. However since the same is passed through the P&L, MAT gets attracted.

Since the Extraordinary income was not anticipated or received and till December end I could not estimate my total income. And thus failed to pay my advance tax, and 234 get attracted.

I’m willing pay interest u/s 234 from Jan to March 08, but can I escape my interest liability u/s 234 for the first 6 months of interest computation.

If an trust receives donation in kind say Ambulance at what price it should be recorded in the books of the trust

one of my clients entered into the contract with OTIS Ltd for instalation of lift
contract price includes cost of lift & instalation charges Whether Tax should be deducted on entire contract price & at what rate?

What about Banks. Branches are not having PAN for all their Deposit Holders. The Numbers are in thousands. Then how to deposit tax. Is their any exemption or they will just not depost till they receive 100% PAN.

Is expenditure during construction period, like travelling, boarding, lodging of employees, which is capitalised to the cost of the asset liable to FBT?

I've pan card which I wanna surrender.Initially , I spoke with AYAEKAR SAMPAR KENDRA " which is suitated in gurgaon AND den dey gave me 10 digit some reference no...and according to them it will take 2 month.
den after some daysI I found dis link.and through dis link"http://www.sparshitax.net/pan/newPAN.asp".I filled dat form and submitted...SO needs 2 know
(1 )How much time will dey take 2 cancel my old pan card.
(2 ) How can I get acknowledgment whether its done or not
(3) as per dis I'd applied twice 2 cancelled my previous pan..so is it safe na ?

For calculation of Professional Tax, various slabs are provided.
If an employee receives less salary in a particular month, ie he falls into a slabe below his regular than
1. deduct PF as per his regular salary
2. deduct less professional tax

dear all

pls tell me at what rate short term/long term capital gain on sale of mf units/(equity oriented/debt fund)eq. shares is taxed.

dear all

one of our client had died last month. he was a proprietor. vat no. is issued on his name and till a.y. 208-09 the income tax has been filed on his name?

now what sould be done ?
will a letter to that effect suffice?

HI EVERYONE

RECENTLLY I WAS GOING THROUGH ECONOMICS TIMES AND I CAME ACROSS WORD "INSIDER TRADING"

PLEASE EXPLAIN ME ?