What is the rate of tax levied on gains made by selling shares

1. For shares held less than an year

2. For shares which are held for more than one year after purchase

3. Is it clubbed with the Income from the primary source of earning? or taxed separately?

plz help me when a company issue its share at discount rate and why?

dear sir/madam,

could u please provide me the latest & full version of rate of depreciation chart as per income tax act & as co. act to my email id a.jain900@gmail.com

WHAT IS THE DIFFERENCE B/W AUDIT PROCEDURE & AUDIT TECHNIQUE?

hi,
my frind is working for an IT company in india....for a project work he has been deputed in USA for 6 months....he is getting his remuneration in usa ( net of USA tds) and salary in india as well.
his residential status is resident in India.

what will be his tax liability in India? will there be any role of DTA ?

We had made the payments to parties by crossed account payee cheque . Auditors asking us for receipts of the payments.
is it necessary ?

Dear Sir

Will you kindly suggest me which ITR is to file in ITO for Return for the A.Y.08-09 of an Individual (Ladies) relating only to salary Income.

Santosh Kumar

CAN SOME ONE ADVISE ME ON THE FOLLOWING

1. AT SHOULD BE FORMAT AND CONTENT OF A REGISTER TO BE MAINTAINED FOR UTILISATION OF SERVICE TAX CREDIT, WHICH WILL BE ACCEPTABLE TO SERVICE TAX AUTHORITIES.

2. WHAT ARE THE DOCUMENTS TO BE PRESERVED FOR AVAILAING THE SERVICE TAX CREDIT.

In case of an education institution, core activity (academic)falls under exempted category but the Institution also implements some projects which falls

under taxable services.
Since the common input cannot be segregated, we have decided for availaing input credit (service tax paid on security , house keeping, telephone, repair & maintenance , Insurance etc. )against payment of service tax in respect of projects.

These input credit would be taken from 25th March 2009 FOR THE FIRST TIME.

Service tax was paid in July 2008 and August 2008. Thereafter during September 2008 to February 2009, no service tax was collected and no service tax was paid.

Now service tax (input)from April 2008 to February 2009 which amounts to Rs.10,00,000

(100% in case of security and repair & maintenance and for otherSas per the ratio calculated as required under the service tax rule)

IS REQUIRED TO BE AVAILED AGAINST THE SERVICE TAX TO BE PAID IN MARCH 2009 AND BALANCE IS TO CARRIED FORWARD TO 2009-10.

Some body has advised us that there is a possibility of disallowance of input credit for the period April 2008 to June 2008 as we have paid service tax(output) in July 2008 and August 2008 without adjusting the input credit.

my queries are;

1. CAN WE AVAIL THE INPUT CREDIT PERTAINING TO JULY AND AUGUST 2008 AGAINST PAYMENT OF SERVICE TAX (OUTPUT)IN MARCH 2009.

2. CAN WE CARRY FORWARD UNUTILISED BALANCE OF INPUT CREDIT TO NEXT YEAR 2009-10.

Mine is a family owned private limited company with a share capital of Rs Fifteen Lakhs
We want to start the business of giving loans on interest basis against security of movable and immovable properties.

Do we have to obtain any licence for from any authority and do we have to inform ROC or RBI of starting the above business