in order to get full knowledge in income tax what should be the method to follow

I have cleared my CA-Final examinations on Nov.'08. I am getting
the oppuurtunity to carry out my remaining articleship as industrial
trainee. But my training is now remaining for 7 months without
extension. On the other side its with extension is more than 9 months.
Can i join industrial trainig. Then after extension it wil be
complteting at the end of October. Will i eligible for Campus
placement which will be held on September and October'09.
Kindly update me

Dear All,
Ours is a private limited company with 3 directors 2 of whom are promotors with 2/3 and 1/3 share. They are taking almost 1.6 lac per month i.e. 19.2 lac pa
1. Can I take a substantial amount of this as consultation fee paid to them. As this would make TDS only 10.33%.
2. Since these two persons hold substantial interest in the company, being share holders will it be a problem

SIR,
CAN YOU PLEASE EXPLAIN THE TAXABILITY OF GAIN/LOSS ARISING FROM TRADING IN FUTURES & OPTIONS.

AS PER SEC43(5, THEY ARE NOT TREATED AS SPECULATIVE TRANSACTIONS. THEN UNDER WHICH HEAD OF INCOME SHOULD IT BE CONSIDERED- BUSINESS INCOME OR SHORT TERM CAPITAL GAINS.

ALSO PLEASE EXPLAIN ABOUT THE TREATMENT OF LOSS ARISING THEREFROM SUCH TRANSACTIONS (SETOFF, CARRY FORWARD ETC).

Comrades,

Pl. clarify...
My client needs to pay some amount to Foreign citizen..(as business commission)

How this amount to be paid, and what are the tax implication.

The amount could be roughtly INR Rs.1 lac

Sir,
an employee is residing in Rented room and paying Rent consequently taking exemption

In rented room up to Dec 08
Jan to Mar09 on own new house
If he has taken loan for house on jul 08 and paying interest since then
My ques is what about his tax benefit reg HRA and House loss
In which period he will get exemption of HRA and when he will take benefit of Interest

Dear Sir,

Please explain the concept of "Hundi" with example.


Thanks
Kanade Vijay

we have formed a pvt ltd company in india in which a company outside india is the shareholder now if we want to take loan from that company whether RBI permission is requred before bringing money or we can
inform RBI after funds are brought into india.

we have formed a pvt ltd company in india in which a company outside india is the shareholder now if we want to take loan from that company whether RBI permission is requred before bringing money or we can inform RBI after funds are brought into india.

Can I get information about ledger scrunity??? The accounts prepared are on Tally... So I wnt 2 knw hw 2 do audit of a/cs prepared on computer...