Can someone please tell me as to how much is the current surcharge and education cess along with withholding tax on money being remitted to a foreign company (in US) for technology transfer (trade mark rights).

Also could you mention the relevant provisions where the figures would be mentioned.

Thanks in advance,

Abhishek Bhalla

can manufactureing licence be liable for capital gain tax?

Prepaid expenses for Advertisment & publicity shown in Balancesheet from year 2003-04 onwwards
from which a particular amounts is shown as expenses in each year from 03-04
what about your opinion about showing balance not w/off amount in balance sheet in the f.y. 2007-08

in case of a person who regularly buys and sells shares and also in derivatives.,i would like to know if the sale consideration from the transatcions are to be considered for the limit of sec 44ab or the net profit from such transactions are to be considered forthe 40 laks limit
2) even if there are a lot of transactions running into crores can they still be considered as short term or long term gains
3) now because fo sec 43(5)derivativs are not considered as speculation, so what does this mean that income from derivatives are always to be considered as business income/loss
please let me know urgently
thank u

Dear Experts,

Pls.let me know when expenses are disallow u/s 40(a)(i).

Pls.explain in detail,if possible bec's I am very confused.


Regards,
Prakash Jasani

Dear Expert,

I have invested money in SIPs on an annual basis for the purpose of S-80C. I would like to know what will be the tax implications when the money will be redeemed after a lock in period of 3 years or when i sell the units after the lock in period?

Dear Expert,

I have invested money in SIPs on an annual basis for the purpose of S-80C. I would like to know what will be the tax implications when the money will be redeemed after a lock in period of 3 years or when i sell the units after the lock in period?

4 DOCTORS ARE MAKE PARTNERSHIP FOR HOSPITAL PROFESSIONAL FEES PAID TO EACH DOCTOR OF RS.250000/-AS A VISIT FEES IN THE HOSPITAL & CONSULTING FEES ALSO WHETHER TDS IS TO BE DEDUCTED ON VISIT FEES OR NOT HE IS ALSO A PARTNER IN THE FIRM

If any person has sales more than 40.00 lacs of shares and net profit from share trading below 40.00. Is a person needed tax audit. What is a defination of turnover if he calculate profit as business or capital gain.

Dear Sir
Plz cal Capital Gain as detail is as follows
Purchase date-18-06-07
Purchase Price-485000
Stamp fees-29100
Puchase Comm-29100
Sale Date-09.01.2008
Sale Price-650000
Stamp fees-45500
Sale Commission-27500
it`s urgent plz help me
thanks