Dear Experts,

Under forward contract how many types of losses or gain covered.I mean to say for business purpose or speculation purpose.

Whether gain or loss on forward contract covered under section 72(i.e.business loss) or covered under section 73(i.e.speculation loss)

Pls.clarify the doubts.


Regards,
Prakash Jasani

Kindly send me the list of holidays for 2009... urgent...

Whether service tax collected forms part of turnover for the purpose of the limit of turnover U/S 44 AB of the income-tax Act, 1961.

Sir,
our Gratuity Fund under rule 2(1) of part 'c' of 4th schedule of IT Act is approved one. What is the requirement of filing annual returns of this trust. this trust is wholly owned vy a pvt ltd co. whose income are regularly assessed. like our co. ABC pvt ltd & its gratuity trust is ABC Employees gratuity trust. so the IT regulation of accounts & returns of this trust?
Kindly reply urgently
Subhash

Is salary or consultancy fees received from the United Nations by a resident of India tax free ?

Illus : Professional provided on March 07 when applicable rate of TDS was 5%. Credit Given on 01.06.2007 and payment made later on. Rate of TDS increased to 10% from 31.05.2007

What will be the applicate rate of TDS

the premium paid for insurance of life for self , spouse and children
whether it is deductible on the basis of payment or in the year for which to it relates??

Sir

Kindly asvise me on following facts:

X Co. Ltd. is a public limited company having its object clauses like the following:

Main Object:

a.Manufacturing, branding, selling, etc cigarettes and other tobacco products.

b.Purchasing all materials needed to manufacture, brand, patent of the above products and all assets including plants and machinery needed.

Ancillary Objects:

a.Enter into any contracts, lease agreement, etc for the purpose of the main objects.

b.Manufacture, sale and otherwise disposal of any byproducts.

Other objects:

a.Manufacturing consumable food stuffs and selling the same.

b.Doing any other business that the company deems it profitable and beneficial to the company


CAN A COMPANY HAVE THIS TYPE OF OBJECT AS MENTIONED IN "Doing any other business that the company deems it profitable and beneficial to the company"

Directors of the Board of the said company ask for your advice on the proposal of starting a Hotel business in Bangalore. Give a detailed advice to the company.

Thanking you

mintu kumar

I AM HAVING A FAMILY TRANSPORT BUSINESS, AND I AM WISHING TO GET REGISTERED.

which one is better, i mean wheather partnership or HUF has better implications from Income tax perspective.

regards,

a proprietorship company has cenvat credit of service tax available in his business of installation and commissioning and also the proprietor has a property which he has given on rental and there he is to pay service tax on rental services

can he take set off of cenvat credit under installation service to pay off his liability under rental services