I have 2 queries:-
(1) For an assessee who is engaged in trading of shares, whether transactions of derivatives (F & O) should be considered for calculating turnover for the purpose of Sec 44AB ?? Take an example:- Turnover from trading in shares is Rs. 35 lakhs, Turnover from F & O transactions is 10 lakhs. Then whether Sec. 44AB is attracted ?
(2) F & O is not delivery based. Therefore only the profit or loss is recorded in the books and not sale / purchase. In that case how to compute turnover of F & O transactions for the purpose of Sec. 44AB ??

Sir,

If the housing loan is in joint name what is the percentage of it exemption each individual can claim pls let me know

dear sir/madam
I have passed pcc nov 08 and my final is due on nov 10 and I want to start coaching classes in may 09.so plz advice me which subject to start early MAFA/AC/COST.
thanks
aakash jaiswal

Sir,

If the housing loan is in joint name what is the percentage they can claim as incometax exemption pls let me know

A private company(WOS) wishes to take club membership on the name of the company or on the name of the Managing Director. The Membership Fee is around 2.00 lakhs. Please advise me how to show in the books of account. Can it be written off as expenditure in the year of payment?

Actually i want to expertise in the Service tax filed in my Chartered Accountancy practice.

What i had to do to gain such knowledge.
i mean please suggest books to be refered.

CA Suresh Choudhary

What is WCT (Works Contract Tax)
Please suggest any site for the detailed understanding of the WCT.

Thanks.
Suresh Choudhary.

I deal in commodities futures (Without delivery). i wanted to know that if buy a contract say for Rs.100 expiring in may 09.
and by 31st march 08 its price has reached to Rs.130. Do i have to pay any tax on said profit of Rs.30. for the year 08-09. even when i have not sold the contract untill then. kindly advise me on this issue.

well, i cleared ca pcc this nov, now i want to register for ca final new cource, it has 2 options, with or without articles, which one to choose.
next, what documents wil be required to be submitted alongwith it(photocopies).

Can I claim medical reimbursement for cosmetic dental treatment which has cost me Rs. 15000/-?