Hi
Under what head salaries drawn by the directors, of company is charged? INcome from salary or as business income? for example salary drawn by Anil ambani from his company?

whether interest on the housing taken by the husband in the name of the wife is allowable in his hands when the wife is not having any taxable income. please give any decision in this connection

can anyone tell me the best books for pe-2 for info. tech, income tax and auditing .plz help me as i am in desparate need . my exams are due in nov. 2008.

Whether Long term capital loss on sale of shares can be set off against long term capital gain on sale of property? Pls also provide respective section and explaination.

Cant the institue introduce loan facilities to deserving students from weaker sections of the society who wish to undertake extra coaching for preparing for the exams. These can be repayed once they are employed.
Is such a facility available?

1)I have been paying ever year
Rs. 20,000/- for reliance insurance
2)Three years locking period after three years
3) I am an income tax assessee (salary income 35000000/-p.a)


If i will earn Rs. 120000/- after three years

If any tax liability on margin earnings

And please explain U/s. 10(10D) of IT Act
Is applicable in my case

thanks & regards.
balu

thank u jaya for ur such a motivating advice
but as u know that its been in news papers stating presidents claiming increase in nos. by 2011
2ndly while i was giving my b.com exams i came in contact of students who passed out CPT n were from no where specially from their conduct that they r taking it seriously.
and another thing i wanna ask is that do our economy has somuch strength to give employment to CAs along with some good pay scales
i know u will find me crazy but i am damn serious on this topic
plzzzz reply soon

BY introducing new scheme of education and training ICAI wants to increase the number of students passing CA course from 9000-12000 to 24000approx.
Now my question is that don't u think that this will effect the precious reputation of CA course and at the same time will effect the average pay pakage which has just starting touching some gr8 numbers.
i am a new entant to this course n for long times ago i am hearing about the grace presteige of this course.
i am also a CPT pass out .but i have passed the 1 which is considered the toughtest in terms of content and chaecking i.e. feb 2008 with a passing rate of just 10.87%
inspite of this if closing down the CPT and nullifying the results of those who passed it will b thought as correct step to save the profession then i will b the 1st 1 to reappear for exams b it tough lenthy whatever it will b with out giving a sign of discontent or regreting on Institute .
decision.but i also know that it is impossible as its not the practical step on the part of the institute.












plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz reply
n plzz tell if there r some positive steps taken by institute in this respect exept that CPT twice a year

BY introducing new scheme of education and training ICAI wants to increase the number of students passing CA course from 9000-12000 to 24000approx.
Now my question is that don't u think that this will effect the precious reputation of CA course and at the same time will effect the average pay pakage which has just starting touching some gr8 numbers.
i am a new entant to this course n for long times ago i am hearing about the grace presteige of this course.
i am also a CPT pass out .but i have passed the 1 which is considered the toughtest in terms of content and chaecking i.e. feb 2008 with a passing rate of just 10.87%
inspite of this if closing down the CPT and nullifying the results of those who passed it will b thought as correct step to save the profession then i will b the 1st 1 to reappear with out giving a sign of discntent or regreting on Institute .
decision.
plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz reply

We are a EOU unit.
How to calculate MAT?