Can a Pvt. Ltd. Co.(Main Business object - Software development)also purchase and sell shares, mutual funds etc. if the same is in other object.

If reply is 'YES' then why the NBFC are there?

One of our client had 2,000 DSE (non listed shares)purchased in 1998 for Rs. 25,00,000.

He was alloted 80,000 bonus shares in 2007.
He sold 78,000 shares in 2007 Rs. 25,60,000. Being non listed on STT was paid on it.

Now, the question is:
1) Whether it will be considered LTCG or STCG?
2) Whether or not this profit will be available to set off business losses?

I m doing articleship from a small firm..
can any one tell how much it will effect my carrier.. as my friends are doing articleship from top firms.. but big firms are not allowing to attend cochings i opt for a small firm.. but now im worring about my decision..
thanks in advance

Rate of Tax
Dear Sir/Madam,

Can any one please tell me the rate of Excise Duty and Karnataka VAT chargeable by a manufacturer under excise on Note Book / Desk Top Computer. Please provide the relevant Notification numbers also for supporting.

Thanks & Regards,

Venkat

I am having 1 doubt how to treat the managerial remuneration under the income tax act whether under the hand salaries ?

How to treat Directors remuneration under IT act ?

Please help me its very urgent.

Please also quote some case laws regarding directors remuneration it treatment

Dear sir,
I have a quarry about taxability of stipend.
An indivisual Mr A is under training & getting Rs 30000/- Pm as stipend.
Now i want to ask that whether such sum is taxable in the hand of trainee.If taxable then under which head it will cover and whether trainer is liable to deduct the tax (TDS) on such sum. Plese email me the answer at "ankit740@gmail.com"
Thanking You
Ankit kansal

I HAVE PURCAHSE A LAND OF RS.200000/- IN MAR.2006 & SOLD FOR RS 300000 ON APRIL 2008.STAMP DUTY VALUATION IS RS 360000/- LAND IS SOLD WITH IN THREE YEARS SO IT IS SHORT TERM CAPITAL GAIN
WHETHER SEC 50 C IS APPLICABLE TO SHORT TERM CAPITAL GAIN OR NOT ANY CASE LAW

Sir,

We have deducted excess amount of tds u/s 194A in 4th Quarter @ 22.66% instead of 20.60% on payment of Interest of Rs.1801738/ and excess tds deducted is Rs.37116/- , the same amoutn deposit with bank.

Now deductee has objected to excess amount of tax and ask for refund of excess amount. please advise us how we can adjust excess amount in other section 194C.

Wiating for reply.

Baljinder Singh

For a student of CA Final who have lees time to prepare for exams, what are the books to refer for Advanced Auditing, Cost Management, DT and IDT?