A pvt ltd co. purcahsed a car in cash. At the same time it paid the insurance amount Rs. 20567 in cash. The amt will appear in the P & L A/c. My query is as to the amount of insurance i.e. whether the same is allowable or not???????????

Hi All,

Three years back i invested some money on Mutual fund as tax saving fund,

Now,i have sold that mutual fund on muturity,will the income and amount which i had invested in mutual fund is taxable or not,

Also the divident from the Mutual fund is taxable or not?

Thanks in advance to all of u

Parth

is there any changes in TDS rate for contractors & Rent on Bldg, Plant & machinery from F.Y 2009-10

Dear All,

Can anyone pls help in knowing the date from which the fringe benefit tax is abolished as per the union budget 2009.

minor has earned income exceeding the basic exempotion limit as per income tax act from his own skills.since he is a minor, he won't allot PAN Card.What is the procedure to file Income tax return without getting PAN card????????????????? Please give me answer this question??????????????

Please do tell me whether VAT applies to mobile sim distributers.do service tax applies to them.

sir
i am doing my ca final my attempt is in may 2010.till now i have not even completed my coching classes.just started costing and accounts.costing is from 6.30am to 9.30pm and accounts is 6.30pm to 9.45 pm.and during day time i am in office hours .so i m getting tensed for exam.no time for revising the on going subject .so please suggest me the strategy to be followed.
thanking you

Dear All

99% Shares of an Indian Pvt Company are held by a foreign listed public company. The balance 1% shares are held by a foreign individual. But, the beneficial interest is vested with foreign listed public company.
Now, does the Indian pvt co can be considered as subsidiary of public company as per the provisions of Sec 4(7) of the Companies Act, 1956.
Please clarify at the very earliest.

hello experts
i m bit confuse regarding
while going through the finance bill 2009 i found this statements


"This amendment will take effect from 1st April, 2010 and will,
accordingly, apply in relation to assessment year 2010-2011 and
subsequent years."


what does it mean?

whether this amendment should be consider in Current year .F.Y 2009-10.....

if no,

Why there is" apply in relation to assessment year 2010-2011 and
subsequent years."

Does it means applicable for the persons whose income are assessed in the same previous year?
if yes , Plz tell me.

hi can any one clarify to me that, with the withdral of 8% excise tax on packaged software in the recent budget, do I now need to pay service tax on such import of software from outside india?

what do I charge if I resale this software in India VAT or service tax?