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 ?

can anyone explain me the meaing of relative for different purposes of it act.
sect for ex. sec56(2)(vi), sec 64(1)(ii)

myself
my wife
my brother/sister
my father/mother
my grandfather/grandmother
my wifes brother/sister
my son/daughter
my wifes father/mother
my wifes grandfather/grandmother

mr. x transfers 1000 14% debenture of rs. 100each to his wife mrs. x without any consideation in 2003. mrs x lends accumulated interest to mr. b and receives interest of rs. 12000/-

my question is interst on debenture will be clubbed in the hads of mr. x but what about interest on money lent by mrs. x, it will be taxable in hands of mr.x or mrs. x?

Hello Sir/ Madam,
Is Deduction u/s. 80C allowed to HUF for tuition fees paid.

PLS GIVE DEFINITION OF SOME TERMINOLOGY RELATED TO BANK.......
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE

pls give some terminology related to bank......
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE

Dear Expert
what is treatment of parking charges paid for motor car. Whether it may be trated as motor car expenses and attract FBT.