Can some one guide me about taxability of income arising from disposal of units of mutual fund and dividend from mutual fund?

Dear sir,
For a company whose retirement Benefit is funded through a scheme administered by an Insurer what is the treatment which a company should show in its financial statement

1. Will the Investment made by Insurer will be disclosed in the B/S of Company. Will the Invt be recorded at its Fair Market Value or Original Invst value?

2.How would the difference between the investment value{equal to amt.of obligation}and its fair value be treated and whether the Increase or Decrease in the value of Invst will be included in companies P & L Account?

Kindly Suggest!

I am eligible to write PE II from May 2007 after obtaining it in December 2006. I have an exemption in Auditing in May 2007. Assuming i clear one group this May 2008, what will happen after that?? Am i supposed to register for PCC again as a new student??? will i be able to carry the group exemption to PCC?? If i get another exemption in Income tax will be able to carry that too alongwith the group exemption??? Am i supposed to do anything else???

Can a person claim the exemption u/s 10(13A) from HRA for rent paid outside India? Will the answer be different if he is non-resident in India last year?

If a person has sold residential house property in India and has long term capital gain on it, will he be able to claim the benefit of Section 54 if he purchases residential house property outside India? Will the answer be different if he is non-resident in India last year?

hello

A Public ltd company is putting up a plant to manufacturing News print and writing printing paper.

the co. has started the construction of building & installation of machinery for the purpose from may 2007.
The building has been constructe and the installation of the Machinery is likely to be completed by June/July 2008 only.
The company has availed Cenvat on the stenth of the Invoices of the Machinery purchased.

The Query is if we can avail 100% cenvat on machinery installing during 2007-08 for clearence of our production during 2008-.09.

We would also request to clarify of our entiltlment to avail cenvat credit during 2008-09 to the extent 50% or 100% with the help of the decided case laws or notifications or circulars

THANKS

Hello,
The company has installed 12 fixed lines (base telephones)from Bsnl,Mtnl etc. These telephones are installed at the address of the directors residences
some of these connections are taken in the name of the directors of the company.
Company has availed cenvat of service tax on these telephones bills paid by the company moreover Dept. opposed to disallow cenvat avail on the bills
1- which are not in the name of the company
2- which are in the name of the company but have the address of the residence of the directors of the company.
simmiliar sitituation arise in the case of the mobile phones which in the name of the Director and having the add. of the factory and which r in the name of the company but having the add of the residence of the director .
Moreover Company has shown the residence of director as purchase office/sale office for the purpose of convienence, being away from the main city although no rent is being paid by the company for the same to the directors.
i would request to u plz advice whether the company is eligible to avail the benifit of cenvat of service tax paid on the telephones/ mobile phones plz quote the decided case laws of any circular or notification
Thanks

hi,

i want to ask that i had taken my first transfer on 22nd nov.07 & i have completed my 6 months training and now i again want to take transfer..so again do i have to complete six months of training or not...n i want to know are there any restriction on no.of transfers...n about the restriction of 6 months...

Dear Experts,

Can you guide me, If any assessee Deposited the TDS in the wrong TAN, How can this amount to be adjusted in the TDS Returns

Regards,

Om

Dear Sir,

Ours is a Private Limited Company. I want to know what are the requirements of ROC for a private limited company with regards to Maintaining of various registers, board meetings, resolutions, annual returns....etc.

Thanks for the help.

Regards,

Alpa Doshi