Hi,

One of my friend stays and has settled down in USA. He has a property in New Delhi and he wants to dispose it off and after paying the required taxes wants to take/have that money in USA.

Can you pls advise on the requirements to be followed as per the IT Act to legally do the above transaction.

Thanks
Hari

Situation is as follows:

If someone has earned Rs. 100000/- from STCG i.e from physical delievry of shares system and in the same case someone has a loss of Rs. 75000/- from inter day speculation or u may say jobbing in share market.Will the loss from speculation be set-off with the income from physical delivery???

What is the tax rate for LTCG in shares???Is it free from tax???
Plz solve these querries...

Sir,

I am working in muscat, and i am preparing on my own for the final exams which is scheduled in may 08. i am preparing for both the groups.

can anyone suggest me how to go about covering the entire syllabus for both groups and come out in both groups successfully in may 08

I will get leave only at the end of april 08.

Pls help me to complete the exams successfully.

thanks & regards

Balaji

i have to file income tax return of an educational institution for assessment year 2007-08. The gross receipts of fees & other receipts of the institute amounts to Rs.35 Lacs and the excess of income over expenditure comes to Rs.1.72 Lacs. The institute is not registered u/s 12AA , nor the institution has applied for registration u/s 12AA till date.Please enlighten whether the income of the institution is taxable or whether it be exempt u/s 10(23)(c) of the Income Tax Act , 1961.If the income is taxable then, what shall be it tax liability.

I wud like web-link to the complete syllabus for such b.Com(A&F) by ignou,(not the usual ignou bcom which has 30+ subjects in 3 yrs). How many subjects B.Com(A&f) has incorporated? What’s the syllabus and the procedure for application; does such course require separate coaching and what’s(the ignou’s ) its fee structure;

Hello sir i have two question relating with excise plese help me on this.Please send me the various journal entries of excise accounting treatment in the books of manufacturing industries and also valuation rules of excise with the help of relevant examples and cases.


my email id is: amitkumarchadha@gmail.com

Under the head other sources, what is the exact meaning of the term lineal ascendant or descendant of an individual within the context of the term relative for gift purpose

Can we re-issue CPT marksheet from any of ICAI’s regional offices (like WRO,NRO,etc) if our CPT marksheet gets lost in the transit btw the ICAI-BOS and our address of correspondence. What’s the procedure and what fees do we have to pay?


Actually, the admit card of CPT Nov07 still hasn’t reached my postal address in Kathmandu; so I doubt the marksheet could get lost in the transit ie in the ICAI’s postal service provider. Since we need CPT marksheet to enroll into articleship, I’d like to know what is the way out in case of such uncertainty. I am a FRO student.

(STCG)or Short term capital loss may be set-off only by STCG.But this STCG may be of two types i.e.Earned by delivry (Shares transferes) and by Jobbing System.
Now my query is that whether this Jobbing Short term Capital Loss is capable to be set off & C/F for being set-off??
If Yes Whether by
(i)STCG by Delivery System
(ii)STCG by Jobbing System
(iii)OR Both

When a firm declares 8% Net Profit on its gross receipts under section 44AD,what shall be the value of fringe benefit and on what amount the FBT shall be payable?