What shall be the results of PCC and Final...Shall it decline over the past year performances....

My grandmother had aquired a built up property in 1965 worth Rs. 10,000/- only but she was a housewife at that time & payment was made by my grandfather. Now, the same property has been sold in the month of Jan. 2006 for Rs. 64 Lacs (all through cheque). Due to some family dispute, I had to file a civil suite against my grand mother claiming my share which was compromised in lok adalat at a consideration of Rs. 30 Lacs which grandmother had to give to me to withdraw the suit.30 Lacs were recd in a joint a/c of me and grandmother which I withdraw to buy self assets. I just want to know If money given to me i.e. 30 Lacs taxable for me or not?

we are in printing press. we have taken one gala for lease. but instead of showing it on lease we have made job contract agreement with owner. he was raised bill in our name on monthly basis & we have pay him the bill after deducting TDS. but he is saying that TDs is not applicable on job contract. therefore, pls tell me whether it is applicable or not & if yes then what is the percentage.

hi,,
i am sumit..c.a final student..
i want to know that if any assets added directly to capital account ,,without any cash/bank transaction..then we have to pay tax on that assets ,that we are showing..?

Can any one let me know,that for EPF what are the registers, froms and returns (like monthly, quarterly or annual)details to be manitained by a resturant company?

Can anyone tell me whether a director is considered an independent director even if he had given consultancy to the company just before he was appointed as independent director?

1.Why was sales tax replaced by VAT?

2.What is input tax credit?

3.Can input tax & output tax be kept separately over the financial year is it necessary to transfer to input tax credit?

Good Afternoon,

My name is Rajkumar. I have completed my MBA with finance specialtion.

I would like know the "what is the distungish between the service tax collecting 4.12% and 12.36% on 33% of invoice value.How they are measure to collect this service tax and what basis?"

So please provide your valuable answer.

A public ltd co. has 7 directors. One of the direcotr has not obtained DIN due to some problems. Is it possible to file Form 20B without having his DIN as Form 20B is pending for the last year also.
Plz ans.
Thanks a lot.

A HUF consists of a person, his wife and two sons. Father of the karta makes a gift of Rs. 2 lacs to the HUF by way of an account payee cheque. The gift recd by a HUF from the parents of the karta are taxable under the head Income from other sources. I want to know if the gift is recd in two parts i.e. on one day Rs. 50000/- and after some days Rs. 150000/- from the same person or different person then the taxable amount will be Rs. 2 lacs or a deduction or Rs. 50000 will be available.
Please guide me.
It is urgent.
Thanx