hi,

i would like to know about subprime issue happend in U.S.effecting on all stock markets.

Pls suggest me weather TDS is deductable on service tax amount charged on rent

If a payment voucher exceeding Rs.5000.00 including more than one payments to different parties then is there any requirement of affixing revenue stamp on voucher?

thanx
Ghanshyam

Is it good to join big firms/ or small firms?i know the +'s and _'s of both.keeping in mind the study schedule,will any medium sized firm fit for doing articleship? big firms though add a lot to our C.V.? pls advice.I'm confused!!

amount received on money back policy is taxable or tax free under section 10 (10D)? The person insured is alive.

Whether Insurance taken on car is liable for FBT? The car is purchased by the company on loan. I know that Interest on loan is liable for FBT but want to know whether insurance is also liable irrespective of whether car is purchased on loan or without loan??

Pls let me know about the Composition scheme for works contract.basically i want to know how we derive the actual turnover for hotel industries and other such undertakings whic provide srevice.

I WANT TO CONFIRM DIFFERENCE BETWEEN US GAAP AND INDIA GAAP

HARISH ARORA

A Company which has its core business as manufacturing of industrial equipments, had some excess
funds during some part of the year which it deployed in Mutual Funds and earned handsome returns
therein. Same were shown as STCG and tax was paid accordingly. However, ITO has claimed that the
same should be treated as business income and tax should be paid accordingly. Is there any case
law/section to support assessee's intention of getting the gains taxed as STCG?

MVAT Schedule Entry for LPG Gas Cylinders