sir, i would like to know how a partnership firm whose only business is trading in equities & futures will be taxed.since a partenership firm already pays capital gain tax on equities & futures & options, will it have to pay additional tax on the net profit made.or is it sufficient to just pay capital gain tax since its only business income is from trading in equities and derivatives.

hiii,
could any body guide me how to incorporate a company.
plz gv me full procd .

Mr.X purchased a shop for Rs.1000000 on 20/10/2005.This shop was used for business but Mr.X never claimed depreciation on it and never included above shop in block of assets.He showed above shop as investment in balance sheet.He sold this shop after 3 years for Rs.1500000.The shop is a depreciable asset but depreciation has never been claimed.

Now my question is that whether capital gain tax will be chargeable as STCG or LTCG?What should be the tax treatment?

Dear Sir,

My query is this that whether input of service tax is available on mobile phone if the phone is not in the company's name it is in the name of some employee or director working for the company.

Please also give some reference of the same if possible so that i can argue with any one in case of need while on the audit.

Krishan Goel is waiting for the early response

thanks in advance.....

What are the forms to be e-filed with ROC for intimation change of auditor arising on a casual vacancy after passing in Extra-ordinary general meeting?

I am a degree (Bcom) student (2nd year) .I passed my CS Foundation exam with 60 percent marks.I have sent the required testpapers to the Institute(ICSI) on regarding executive program.
I think I've lost my confidence now.Will I be able to complete my object?Am I on the right path or is it stupid?Dont mind pls send me whatever the reply is.

Actually i am little confused regarding a specific issue on depreciation
If a Building is a part of plant and machinery i mean base bulding without which the machinery cannot operate than should depreciation should be charged At the rate of plant and machinery or building?

Is FBT will be paid on tour and travelling expenses incurred by the auditors or can save FBT by showing it in out of pocket expenses of auditors??
Any tax liability will occure in the hands of the Auditors on account of this reimbursement?

Regards:

Prafull Kumar
CA Final

The salary income(only source) of my friend was never taxable and up to F.Y.2005-06 he has regularly filed the IT (nil)Return.But since last 3 years he is not filing the return.

I have heard that a person having PAN need not required to file Return untill his income exceed the exempted limit.

What will happen in this case because he had earlier filed the Returns?