As per [MOF (DEA) Notification No GSR 585 (E) dated 25.7.2003], NRIs cant invest in PPF, provided that if a resident who subsequently becomes Non Resident Indian during the currency of the maturity period prescribed under Public Provident Fund Scheme, may continue to subscribe to the Fund till its maturity on a Non Repatriation Basis.
Query:

Does the term "maturity" above include the block of five years allowed for extention by the rules, beyond the initial stipulated period of fifteen years? This has not been clarified in the rules. Or, is it necessary to withdraw the amount already invested in PPF, after the passage of the fifteen years? Also, please site case law, if any, to support the arguement. I get to read both versions (some say extention is not allowed in such cases and some say that as the law is silent, we can continue being invested)on the internet. Kindly clarify

Thanks and Regards

Under Delhi VAT

For Charging VAT, Whether Sale price includes Transportation Charges or not?

My company reimburses medicine bills/doctors fees/any other medical expense to the tune of Ss 15000.00 per annum at the end of year. Please let me know if such reimbursed amount is taxablein my hands? Is the company liable to pay FBT on such reimbursed amount? Thnx.

To make the Excise Payment, cheque should be drawn in who's favour? In short who will be the payee??

Same in the case of payment of Service Tax?

Regds

Amendment in Indirect Tax in Budget 2009 are applicable to june 2009 students????
if applicable than up to what extant?????

i lost my eligibility certificate for pe-2.., any one can help me on this ??

it is very urgent

interest on housing loan is available as deduction u/s 24(b.
now if the loan a/c in a bank is transfered to another bank than is the interest payment allowed as deduction?
i think its allowable as in the section there is no restriction on transfer of loan a/c however i need your views on this.

interest on housing loan is available as deduction u/s 24(b.
now if the loan a/c in a bank is transfered to another bank than is the interest payment allowed as deduction?
i think its allowable as in the section there is no restriction on transfer of loan a/c however i need your views on this.

Can anyone explain me

mainly what matters seen in finalization
except Accounting Standards

is there any way by which a person who has incured loss in share market can set it off with his other business, where he has earned profit? is it possible for him to show his investement in share as a saperate business and than claim set off? please reply... thank you