Whether Interest Received from Post- Office Recurring Deposit - 5 Years Plan is Exempt Income Or Not .....???

I AM A PCC STUDENT AND COMPLETED AN ARTICLESHIP OF 21 MONTHS AS ON 1ST FEB'09.SINCE THAT DAY I AM ON TERMINATION AND WANT TO CONTINUE MY TRAINING AFTER NOV'09.
SO I KINDLY REQUEST YOU TO GIVE ME SUGGESTION WHETHER I SHOULD JOIN MY TRAINING NOW OR AFTER MY NOV'09 PCC EXAMS.

sir their are many articles who have the issues with their principals just becoz of over aggresive nature of their principals.i myself do training frm 9am to 5 pm its 8 hrs per day means 48 hrs in a week which is much more than the limits issed.and the another problm i m facing is tht my principal doesnt have much work with them ryt nw we spend our time just sitting free in the office or doing the personal work of our principal.is this ryt???

1.amortisation of premium paid on purchase of government securities by a bank as provided in the reserve bank of india circular. Is this a deductible expense for income tax purpose?
2.A bank transfers certain investments held under held to maturity category to held for trading. The current market value of these securities is very low.Whether the bank can claim this(notional) loss as a deduction while computing taxable income?

What is the defination of works contract and on what amount TDS is deducted. is there any provision that says, 30% should be considered as labour charges and on the rest of bill amount i.e. 70% is to be taken for deduction of TDS @ 4%.

The optical fibre cables are dealt with in two chapters viz Chapter 85 and Chapter 90 for HSS classification purpose.

Optical fibre cables are used for telecommunication purposes. There are certain optical fibre cables used for medical purposes also such as instruments like endoscopy etc. Some type of optical fibre cables are used in mining industry for remote lighting.

Can anybody clarify which type of above cable would come under 85 and which under 90 ?

CBDT HAS ISSUED CIRCULAR NO 493 DT 21-08-87 WHERE IN ATTENTION INVITED ON INSTRUCTION NO 1744 DATED 21/01/87 & 1765 DATED 25/06/87 IN WHICH BOARD HAS CLARIFIED THAT RETURNS OF INCOME FOR AY 86-87 & FOR SUBSEQUENT YRS WHICH ARE BELOW TAXABLE LIMIT FILED BY PERSON AT HIS OWN SHOULD NOT BE ACTED UPON UNLESS FILED UNDER EXCEPTIONS COVERD UNDER ANY PROVISIONS OF SEC 139. SIR IT MEANS ABOVEMEINTIONED RETURNS CAN NOT BE UNDER SCRUTINY PL CLARIFY & CONFIRM THAT STILL THIS CIRCULAR IS VALID OR NOT

We want the Clarification on following issues regarding submission of hard copy of Income Tax Acknowledgment (i-e ITR-V).

1) Whether Acknowledgement is to be sent via Courier, Registered Post or any other means.
2) Whether in a single envelop, can we sent acknowledgement of more than one Assessee.
3) Whether Acknowledgement is to be sent in Single or Duplicate.

Hi,

My company has got Service Tax registrations for two different services as mentioned in the Service Tax Certificate issued by the department of Service Tax. So whether I have file two separate Service Tax Returns for two different services or I have to file only one consolidated Service Tax Return for both the registered services.

Thanks,

Gurmeet

The assessee is a NRI. He has deposits in banks TDS is being deducted by the bank. The return is to be filed for the first time. The assessee is a senior citizen. KIndly advise on the following issues:-

1) TDS-when it should be claimed? Whether in the year in which TDS is deducted or in the year in which interest income from bank is offered for taxation on maturity of FDR i.e. on cash basis?

2) Whether the assessee will be entitled to benefit of higher income limit being a senior citizen?

3) Whether benefit of 80C is available?

4) Is the income of NRI assessable at special rate or flat rate?