Situation 1:
If a Male is earning Rs. 1,10,000 p.a from income from salary and has earned Rs. 1,00,000 from STCG(STT Paid) in the financial year 2007-2008 and will get deduction of Rs. 1,00,000 from 80(C).Income would be excempt from any taxation or not???

Situation 2:
If someone is earning Rs. 1,10,000 p.a from income from salary and has earned Rs. 2,00,000 from STCG(STT Paid) in the financial year 2007-2008 and will get deduction of Rs. 1,00,000 from 80(C).How would the tax be calculated in this case??

Does anyone have a format for MIS reporting??
SHILPA

Re: Clarification

Facts of the case
Treatment of Charges filed by Transferor Company (say A Ltd.) upon its amalgamation with Transferee Company (say B Ltd.)

A Ltd. got amalgamated with B. Ltd. vide amalgamation order dt. 1.12.2006.

A Ltd. had earlier filed some charges which are still appearing under its CIN, even after amalgamation

A Ltd. does not have any signatory registered for signing and e-filing any documents

The charges created by A Ltd. needs to be satisfied.
By virtue of amalgamation order, all assets and liabilities of A Ltd. got transferred to B. Ltd.

Queries:-

1. Do the charges created by A. Ltd. automatically get transferred to B. Ltd. by virtue of the amalgamation order of the Court.

2. If not, what should be done in order to transfer the charges from the CIN of A Ltd. to that of B Ltd. so that B. Ltd. can make arrangements for their satisfaction?

3. In case any document is to be filed under the CIN of A Ltd., who is going to sign the same keeping in view that fact that A. Ltd. does not have any signatory registered for signing and e-filing any documents?

4. What is the time limit within which, documents if any, are to be filed for effecting this transfer? In case of delay, if any, what is to be done?

Kindly provide your valued advice to me at sundeep111@yahoo.com
Regards
Sundeep Jhunjhunwala

A client wants to import telecom towers from china to india and sell in india to various telecom operators.
What will be the customs formalities.
What are are various taxes and duties applicable on import from china to india of telecom towers.What are thier rates . At what amount / value those will be charged.

hi !
all

plz advise me on the following matter:

my company reimburse conveyance expenses of residence to factory every month.
whether it is taxable? and if yes under which section of I.TAX ACT and in which hand employee or employer?
rakesh kumar

what are the implecation of deferred taxation on financial statment of an enterprise?

HI,
what is the real life procedure to convert a proprietorship into a company

also state where will i find related section, may give a site for reference too.
Is this clumsy & cumbersome job, shall i advice my client to form a new company rather than converting the same.
In case we convert it into a company ,do we need to make registration again in sales tax & service tax . cant we carry the same after conversion also?
if anyone is here to help. then please reply soon .

thanking you,
An article

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THIS ENTRY INCLUDE IN SALES PROMOTION OR GIFT.
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sir,
i am living in shahdara(delhi)and my attempt will be in may2009.
now i want to start classes for advanced accounting but from where i can get idon't know,could u help me in this matter.