Hi,
I worked in Singapore for 2 years (from Nov 2005 - Nov 2007). During this time I had opened NRO Rupee account in India and remitted money regularly in this NRO account. I came back to India in Nov 2007 and closed my NRO account and deposited that money (around Rs. 11 lac) in a newly opened ordinary resident account via cheque. My question is:
1. Do I have to declare this income in ITR form and pay tax (I already paid tax to Singapore Gov.)
2. While coming to India I brought around USD 5000 TC (traveler cheque). Now if I convert this in Rupees and deposit it in the my account, then again do I have to declare this income in ITR form and pay tax.

Regards,
Rashi
(From Bangalore)

Hi,
Kindly let me know the detailed procedure for creating PVT LTD company.

I already seen the data which is give in the website but i request everyone to let me know each and every step which i have to take and how i should take. PLZZZZZZZZZZZZZZZZZZZZZZZZZZZ do me the needful.

Regards
NANDA

what is the professional taxand who is paid this

while undergoing 100 HRS ITT r v entitled for leave from our CA'S Office or we have 2 go office for example if i'm attending itt from 3-7 then do i need 2 go office before that hrs

Q.1 X is a holding company , Y is a subsidiary company of X , Z is co-subsidary company of X.

A is a subsidairy company of X where A is not related to Y & Z.

CAN A PERSON BECOME AN AUDITOR OF COMPANY "A" IF HE HAS PURCHASED SHARES OF COMPANY "Z"

Q.2 X,a CA in practice is a statutory auditor of MNO Ltd. He purchased a car from the company under Hire purchase scheme run by the company on the same terms & conditions as applicable to all other customers. The cash down price of the car is Rs. 80000. The initial payment of 25% was made on signing of Hire purchase agreement and the balance is payable as Rs. 750 per month. The auditr has become indebted & is disqualified to act as an audior. Do you agree. Comment

why the concept of exposure draft has come into play?

MY BROTHER IS AN NRI, AMERICAN CITIZEN. HE PURCHASED A HOUSE IN NOIDA AND RENT IT OUT TO A COMPANY ON 15-9-2008 ON MONTHLY RENTAL OF RS.20000. COMPANY PAYING HOUSE RENT AFTER DEDUCTING TDS @15%. MY BROTHER HAS NO OTHER INCOME IN INDIA EXCEPT INTEREST INCOME FROM HIS NRE & NRO ACCOUNT.

IS THERE A PROVISION IN INCOME TAX ACT THAT MY BROTHER CAN APPLY FOR TDS EXEMPTION.

I AM HIS POA IN INDIA

A.KUMAR

Dear Sir,

What is the % of disallowance on office equipement & furniture . I think It is 4% & remaining is allowable for Set off.
is it right?

whether IIT'ian is a professional in case serving as a consultant at coaching class, preparing students for IIT exams

I HAVE REGISTERED FIVE TIMES FOR BECOMING EXPERT STILL SITE SHOWS THAT MY APPLICATION IS PENDING.
CAN ANYONE TELL ME HOW TO BECOME EXPERT?