zahirabbas

Income of a co-operative society engaged in certain specific business activities such as providing banking or credit facilities to its members, cottage industry and others...., is fully deductible.
However, the provision of this sction shall not apply to any cooperative bank other than a primary agricultural credit society or a primary cooperative agricultural and rural development bank.
Is benefit of this section available to Cooperative credit society engaged in providing banking or credit facilities to its members?


CA..Nissha ......
16 February 2009 at 23:31

Payment for Purchase of goods from abroad.

Sir,
One of my Clients who is a non resident in UAE has sold goods to Indian Company for 15 million dollors.and now the company wants to make payment for the same.
My Question is that will tax be deducted for the payment of goods and if so which section is attracted.. Also if there are any RBI Regulations of the same.

Thank you.


MAN MOHAN MODI
16 February 2009 at 21:39

income from nepal

dear collegues,

my client earned salary income in nepal. the company he was working
deduct tds in nepal and remit it to the revenue dept. of nepal.the
income shown is in nepale rupees. the assessee has status of non
resident as per sec. 6. now the question arises

1) how we will proove that the assessee was in nepal for days when
there is no restriction of to and fro from nepal for residential status.

2) how we will show the nepale rupees income in india for filing the
return income in india i.e what will be conversion rate for 31.3.2006
& 31.3.2007.

regards
ca man mohan modi


Bhaskaran Chackrapani Warrier
16 February 2009 at 20:34

Wealth tax

If the net wealth of the parents are same amount in whose hands the minors net wealth should be included under the wealth tax act,1956.


CH. Sai Ramadasu
16 February 2009 at 20:31

Form 16

Dear Sir,

The TDS has to be deducted towards Income from Salary from the employees before February-2009 end so that burden will not fall on March-2009.

In this regard could you please send Form 16 in Excel Sheet format for the financial year 2008 - 09.

My mail-id's are sramadasu@nukg.com; sramadasu@gmail.com

regards
Sai Ramadasu


buzaku
16 February 2009 at 19:31

Online application


buzaku
16 February 2009 at 19:30

Applying online

Hi all

There was a link on the official notification for the June 2009 CA Final exams saying that we can apply online on http://icaiexam.icai.org/

Could anyone please let me know what are the requirements to apply online (things I need to keep ready). I stay in Kuwait and was thinking of going to Dubai to apply for the exam. It would help me a lot if I could apply online from here itself.

Thanks & Regards
Pavan


preeti
16 February 2009 at 18:57

Share Application Money

hi,
How long can a Limited company keep share application money in its books without allotment?
Can this money be used by the company for meeting its expenses


Harshavardhan
16 February 2009 at 18:54

ST Registration

Pls help me

ST Registration for Proprietorship Concern, Registration made by Proprietor or concern name. Because PAN was in a Name of Proprietor.


Chetan Goyal
16 February 2009 at 18:40

Tax on Property

Hi,

I am not from the tax or related profession, but need help from expert.

Purchased House Injoint Name with my wife(Not Working):
on 31st March 2007 @ 4.5 LACS Value.

Now Selling it now in Feb 2009 @ 7 lacs

How should I calculate short term capital gain which I am supposed to show on my IT return.

Thanks in Advance
Chetan






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