Sir please let me know whether I will be liable to tax on capital gain(on sale/redemption) or on income from other sources(annually) on the income from TATA's NCD(listed) if:-

1.I apply and get allotment from the company and will get it redeemed after 5 years .

2.I purchase it from market(being it will be listed)and will get redeemed after five years.

3.I purchase it from market and sell the same in market after 2 or 3 years.

A COMPANY HAD PAID A SUM OF 25000 IN CASH FOR AN EXPENTURE TO A RELATIVE OF DIRECTOR OF COMPANY.THE AMT WAS UNFAIR TO THE EXTENT OF RS.6000 SO THAT FAIR VALUE IS RS.25000-6000=19000
HOW MUCH EXPENDITURE WILL BE DISALLOWED AS PER SEC 40A(2)i.e expenses on actual payment AND 40A(3)ie cash payments excedding Rs 20000

I have cleared my PE II in Nov.08 & my articles starts from March09.I want to register Icwai course in Feb09,for my Inter & my 1st attempt is in Dec09. should fill the Form 112 for my CWA attempt.Is it possible to pursue icwa.Please help me.

Dear Sir / Madam

From the Assessment year 2009 - 10, Guest house accommadation expenses are excluded from FBT. I want to know what are all the expenses covered under "Guest House Accommadation". Whether expenses incurred for guest towards food and other related expenses are covered under guest house accommadation.

Hi,

I am also registered student of ICWAI and i have been registered in the month of dec-08 .i am intersted in giving june-09 attempt.

Kindly provideme test series ofposatl coaching of 2008.
Please help?????

sir, i would like to know how a partnership firm whose only business is trading in equities & futures will be taxed.since a partenership firm already pays capital gain tax on equities & futures & options, will it have to pay additional tax on the net profit made.or is it sufficient to just pay capital gain tax since its only business income is from trading in equities and derivatives.

hiii,
could any body guide me how to incorporate a company.
plz gv me full procd .

Mr.X purchased a shop for Rs.1000000 on 20/10/2005.This shop was used for business but Mr.X never claimed depreciation on it and never included above shop in block of assets.He showed above shop as investment in balance sheet.He sold this shop after 3 years for Rs.1500000.The shop is a depreciable asset but depreciation has never been claimed.

Now my question is that whether capital gain tax will be chargeable as STCG or LTCG?What should be the tax treatment?

Dear Sir,

My query is this that whether input of service tax is available on mobile phone if the phone is not in the company's name it is in the name of some employee or director working for the company.

Please also give some reference of the same if possible so that i can argue with any one in case of need while on the audit.

Krishan Goel is waiting for the early response

thanks in advance.....