If a resident assesssee has the following incomes for A.Y. 2009-10.

Rs.
Short term capital
gain on sale of shares 1,00,000

Long term capital gain on
Sale of land 1,00,000
--------
2,00,000
--------
What will be his tax liability in the following circumstances:
1. The shares are sold through recognised stock exchange i.e., STT paid
2. The shares are sold privately to a friend.

Pls advice on the following:-

Will an amalgamated company be allowed to take credit of the MAT paid by the amalgamating company.

Eg: B is amalgamted with A. B has an MAT credit available of Rs.10 Crores. Would A (amalgamted Company)be entitled to use the MAT credit of B to reduce its tax liability.

do we have to take any approval if the directors voluntarily reduce their salary with effect from 01.04.2008 and refund the excess salary recieved thus far

surendra bhutoria

I would like to know , what exactly is the difference between unrealised rent and arrears of rent, because in normal parlance i understand it as one and the same nut it makes a difference from tax point of view.

We have hired few employees on a probation of 6 months. We are considering this employees as trainee employees and booking under training cost on which we pay FBT.If we consider as employees then we have to deduct PF.Is there any way I can avoid FBT as well as PF?

My client is a doctor. He was in Singapur ship for 190 days during the previous year. Let me know whether he was Non-resident during the previous year?

My client X is holding 20% shares in Y co. in which X is Director.

X wants to sell its shareholding to other existing shareholders in the co.

What shopuld be the valuation of shares of X in Y co.

Y co. is doing IT business for last 15 years. It has resrves of around 8 crores and turnover is around 100 cr.

What method should be adopted for valuation. Pl inform with some xamples. If any further questions pl do ask.

Thanks

just tell me whether service tax liablity is paidon in the case of GTA
WAHT IS THE DEFINATION OF GTA
& if the transporter was charging freight on his invoice then whether the service tax paid to him or we have make the liability on that like gati did

what is to be done in case of courier company just mail me on my
mail id
sumitarora.7777@gmail.com

A Company charges service tax on the services provided. Service tax is
paid to the govt as and when realised from the customers. At the end
of the year, Company allows discount to customers based upon the
quantum of annual business conducted with them, as applicable.
Will the service tax component on the amount allowed as discount be
also be reversed, as this amount will also not be realized from the
customers?

if the book profit is Rs.55979/- what will be the remuneration 50000/- or 50381/-