sir, please explain me with examples the concept of sec 16 of bonus act, india... how this act is applied in practical cases.

can u please tell me that can we adjust shortterm loss against long term profits
or can u tell the procedure of adjusting loss & profit in case of shortterm,
longterm & intraday

Dear All Experts,

As per Budget 08-09. Suppose, My Salary income is Rs.150000/- & my Short Term Investment (short term capital gains)is Rs.100000/- what is tax calculation for both Salary & Short Term Capital gain income? Give detail information.
Awaiting your valuable guidance.

Please clarify as to when does the service tax liability on advance received from the clients rise? in case, the advance was received in F/y 2006-07 and the bill is raised in the end of F/y 2007-08.i.e, Mar-08. When do we need to pay service tax.

In the similar situation, if the advance is only partially adjusted against the billl raised in Mar-08. What is the service tax liability.

Request you to enlighten me with circular/notifications from the department

Thanks and regards

K.Ganesh

Dear All Experts,

As per Budget 08-09. Suppose, My only income source is Short Term Investment (short term capital gains). In the whole year my income (short term capital gains) is within threshold limit or Rs.140000/-, then, will I liable to pay 15% tax on my gain or income?
Awaiting your valuable guidance.

One of our clients gets broadband service from MTNL, Airtel and another pvt company. Do we have to deduct Tax on the amount paid to these companies.If, yes under what section?194C or 194J?They are also paying an amount to a IT Company for their oragnisation,s web hoistiing?The server is in USA.Do we need deduct tax on these payments?
Is there any specific circular,notification from the department? Plese clarify?

Thanks in advance.

K.Ganesh

Please to tell me is interest on Fixed deposits (Period 1 year) are eligible for deduction under section 80C?

Is it possible to shade cells in Excel sheet for view only - which is non-printable. ie, if the sheet is prited, there is no shade in print-outs? If yes, how to do so?

I have corporate id with ICICI bank and facing the problem during Online payment of Income Tax (TDS)

After the filling the amount in challan 280 it is being asked "next authorizer".. what does it mean also there are "Valid rules and User Box " and I dont know what does it mean?. I request to all members if then can help me.

I have corporate id with ICICI bank and facing the problem during Online payment of Income Tax (TDS)

After the filling the amount in challan it is being asked "next authorizer".. what does it mean also there are "Valid rules and User Box " and I dont know what does it mean?. I request to all members if then can help me.