what is cash credit. is their any difference between cash credit & bank overdraft?

In case of resident individual, what has to be given preference to deduct the basic exemption while calculating the tax if that person has income taxable at normal as well as special rate of tax.

e.g: If his income from other sources is Rs. 80,000/-, short term capital gain taxable at special rate of 10% is Rs.15,000/- and long term capital gain taxable at special rate of 20% is Rs.2,00,000/-. In which order should the above said incomes can be deducted as basic exemption from tax.

Dear All,

Please clarify the treatment of Security Transaction Tax in Accounts if company invest its extra funds to share market whats the treatment of STT in books of accounts whether the same could be debited to profit and loss account or shown as a current assets.

Please reply ASAP.

Whats the treatment of STT in Income Tax ?

If have no other income but have a fixed deposit in the bank for 10 years at the maturity time is the intrest earned taxable & @ what rate

Respected Experts,

Could you please tell me when TDS on contractor is deducted @ 2.266%.

Thanks

IS THE SERVICETAX INSPECTOR CORRECT IN DENYING SERVICETAX PAID ON IMPORT OF SERVICE(COMMISSION AGENT FOR EXPORT SALES) AGAINST EXCISE DUTY PAYABLE ON LOCAL SALES?

Respected sir,
I have two sons and two daughters. All have got married. I have gifted a sum separately to my both sons through gift deed and they have formed their own HUF. Now I also want to create my own HUF by accepting gift from my old aged mother. Is it possible?
Beside this my question is that my both sons have their own independent HUF then will they be a part of my HUF and they are married.
If it is possible for you then please reply on subhneelmishra@yahoo.co.in
Thanks with regards

(Subhash Mishra)

who are the best faculty for MICS in HYD.

I am arranging Buyers credit facility for a customer, through a bank based in Singapore. Can you plz tell me at what rate withholding tax will be payable by the client. Also, if you can tell, what will be the process of paying this withholding tax.

Our Company is going to organise a Dealers' Meet for which all the Boarding & Lodging, Travelling, Sight seeing, Entertainment, Local conveyance, Gift expenses will be borne by the Company ?

What will be tax implications regarding FBT.

Are these expenses to be taxed under different heads or they may be taken collectively under the head "Conference"

Please provide me a detailed note so that I may plan the budget and make provisions.