Pls tell me whether there is any non-mathematical proof for Black-Scholes Option Pricing Model.If yes provide me with the same or suggest me the source for the same.A clumsy formula is given in the study,is there any easy way to remmember the same.Pls suggest
Thanks

can both service tax and income tax be levied on renting of immovable properties ... this issue was under contraversy ,,, what is the clarification

Please Clarify!A Sales Manager of the company is receiving sales incentives.Does FBT is liable on this sales incentive as it has been specifically exempted FBT on sales incentives given to distributors.but here an employee of the company is receiving sales incentives.

I am a service holder . I would like to join the CA course. I would like to know if it will be possible for me to do the articleship training while in service.

Whether EPCG benefits availed by the Service provider for import of machinery?

The services rendered to SEZ is to be considered as deemed export for fulfilment of export obligation under EPCG scheme?

How much time it will take to get the EPCG license once you apply online?

I saw a Query by Mr Satyen Sharma and its reply by expert Mr Jitender.
What I feel is that basic theme of the Query is unanswered. Obviously, Mr Satyen is under notion that Investments in ELSS U/S. 80C are taxable on maturity and it is this notion which gave rise to the Query. Reply by the Expert does not indicate that this notion is wrong, and hence, the entiry expert's relply is fruitless.
THIS TYPE OF SUPERFLUOUS REPLIES ARE FREQUENT AND INCREASE THE CONFUSION OF THE SEEKERS.
I HUMBLY REQUEST TO THE EXPERTS TO KINDLY GIVE APPROPRIATE REPLY TO THE QUERY POSTED. MEMBERS SEEK HELP AND GUIDANCE FROM EXPERTS - NOT JUDGEMENTS.

RESPECTED SIR/MADAM
I AM STUDENT OF CA (FINAL) AND DOING MY ARTICLESHIP.I WANT TO DO COMPANY SECRETARYSHIP COURSE FROM ICSI.I WANT TO KNOW WHETHER I SHOULD TAKE THE PERMISSION BY WAY OF FORM NO-112 BEFORE JOIN THE COURSE OR CAN I FIRST JOIN THE COURSE THEN TAKE PERMISSION IN APPROPRIATE MANNER.PLEASE RESPONSE AS SOON AS POSSIBLE
THANKING YOU
YOURS FAITHFULLY
SHAYAK DAS

Dear All
My query related to investments u/s 80C wherein funds are locked for a 3 yrs period. If for instance I invest in an ELSS Mutual Fund, I get units allotted in my name. After a 3 yr lock in period, it is taxable, if redeemed.
My question is that whether MF is considered as security under the Securities Contract regulation Act, if yes, then it would be a long-term capital gain on securities, which would not be taxable.
Then why is the whole amount subject to tax wherein the principal amount is also involved along with appreciation
Pl. suggest.
C.A.Satyen Sharma

while filing an ITR of a company I came to know that it has more than 1 PAN number.Is it possible?How? If yes,than which is the valid number should be used while filing ITR etc. And what is the procedure to cancel the invalid PAN number. I know that I have to surrender one card and inform my IT Deptt. about surrender of one pan no.if i will have more than one PAN then it will cause penalty. But i have one pan with me one in it dept two different number how to track all the no frist

Dear All,

One of my senior colleague is a retired Colonel and is receiving Pension from Government of India since last one year. Now this year, he will be filing return of Income Tax towards salary receiving from current organisation.

Should while computing the Gross Taxable Income, pension received from Government would be considered as a taxable income or is it tax free, being paid to ex-serviceman?

Regards,
Umesh Mishra