Sir,

If I do not want to invest in any single share and not in any mutual fund.

I have heared about some nifty based investment i.e if nifty increases your investment increases and vice versa.

If there is anything like it pls expain to me.

Can anybody tell me that what is the difference among ER-1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting.
my Email:verma_moti@yahoo.co.in

"THANKS IN ADVANCE"

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.

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.

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 ?