how to determine interest rate to determine finance charge

Did the overtime hours in article period is get counted ?

If not, then what are ways to getting counted in article period. (What are the CA regulations are talking about in this matter)

Dear Sir,
I wish to clarify a doubt regarding exemption on research.
Mr.Durai is doing the research activity to decrease the emission of vehicle & increase the capacity of engine for a private company. For that activity he is getting Rs.2 lakh as professional fee from the company.
Whether it is eligible to get the exemption as scientific research activity under IT Act?


Regards,
S.jegadeesan

Dear Experts,

Just need your valuable input on the following details,

One of the client works for Oracle India Pvt Ltd. He had ESOPs from his company Oracle Corporation with quantity 550 which was grated to him since 1 July 2010. Till completion of four year since the ESOPs allotted to him he can sell 1/4th of the total ESOPs each year till next four years or sell in total after four years. On 16th July 2012 he sold 138 quantities of the ESOPs i.e. Oracle Corporation through the companies investment banker Fidelity Investments (see below the transaction details). There were TAX in INR 11,541 deducted by the employer, but recently he received a refund of INR 7,443 with a statement in the mail i.e.

"Please note that in terms of the provisos on Income tax Act, 1961, the gains in excess of the FMV arising on the sale of share would be subject to capital gain tax, this tax on such CG is required to be deposit directly by you on your own to Govt as per the advance tax provision as contain sec 209 of the income tax Act 1961".

Grant date: 01-Jul-10
Grant Price: 21.55$
Exercise Date: 16-Jul-12
Exercise Type: ES
Qty: 138
FMV at Exercise: 29.5843$
Exercise Cost: 2973.9
Taxable Income: 1108.73
Total Tax: 342.6
Corporate Exchange Rate: 55.413
TT Rate: 55.01
FMV 31st May 2012: 26.47
Perquisite in USD: 678.96
Tax in USD: 210
Perquisite in INR: 37350
Tax in INR: 11,541
Tax refund INR: 7,443

What he should do now?

Thanks in advance.

dear friends
i. Is essential to rent clasue in partner ship deed to payment to parnter as rent for use his personel property

or seperate rent deed made for its

please gives the answer of my query

it is urgent

i will thankful to you

can anyone pls inform me the complete procedure of gift of immovable property. becoz i have to transfer my father's house in the name of my mother by way of gift.

Dear sir/Madam,

Please clarify my below concern.
Recently I bought a new flat(Ready to occupy, occupy certificate already issued) for 30 lakhs which was divided into 22 laks as sale deed amount and 8 lakhs as addtional amenities amount and loan was also sanctioned by local SBI branch.

But builder has got already Occupancy Certificate from municipal corporation before we approach him and before sale deed date. After loan was sanctioned, I paid all the amount but now builder is asking me to pay the Service Tax. I showed him rule but he is arguing that while approaching bank as we have divided the amount into "sale deed" and "additional amenities" implies that flat under-construction and hence I need to pay the Service tax.
Please clarify my concern. Thanks in advance.

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what is the procedure to claim refund of tax for last three previous year if the person has not filed his return for any previous year. such person is an agent in the insurance company.

Dear Sir,

If a NRI has income of Rs. 240000/- on account of income from house proerty in india. how it will be taxed in india & which ITR will be applicable.

Dear members, currently the assessment for the F.Y 2009-10 is under process before Addl.Commissioner of Income Tax for our Company.During the proceedings, the A.O asked to reconcile the TDS deducted with expenditure claimed. How that process should be carried. Will there be any format presentation of same effectively to the A.O ? Please guide me in this regard...its little bit urgent..