How do you remember sections in company law/Income tax...?

I request everyone to provide some hints to remember sections.

Assessee has recieved 3000 USD after sufference of tax of 900 usd towards TDS.The same is towards Royalty which the university pays to all the students who had developed the product and hold the patent.Assessee was a student in USA and has since returned and is now a salaried employee in India.


Is the amount ;

1.Taxable in India.
2.If so , under Salary or Other Sources.
3.How to claim TDSA credit as TAX Identification Number of the university is not available on the form which has been received.This needs to be mentioned in ITR 2.Details of Tax Paid.
3.Amount was received in november 2007.
4.If not taxable , should it be disclosed as Exempt income.

Can you sugest me the which book should i refer for Law subject in CPT examination ?& what are the chapter changes made by the CA Institution in Maths & stat.Subject of CPT Examination ? I had registered in Feb 2007 for CPT, so can i get the Maths & stat subject book of Inst.according to changed syllabus?

please help me

can u please tell me what is the new in this budget for F/y 2008-09 regarding minor's income

Dear Sir,
I intend to sell my flat in New Delhi after 5 years of ownership. During this process, I shall be making profit from my investment which will come as long term capital gain. Would I get any exception on tax liability on capital gains, If I invest my profit earned from selling this property for the purchase of a land for residential purpose?
I seek clarification on this matter pl.
Regards,

Hitesh Malviya

Our company is having NRI shareholders. Two shareholders are holding the shares in physical form and one NRI wants to transfer the same to other NRI.

Please guide whether any RBI permission is involved in this and whether physical shares can be transferred between NRIs.?

Early responce is awaited.

Thanks in advance

A person has raised loan from bank to finance the purchase of a flat. The amount is payable to the builder in installments based on progress made in construction. Registration of the flat will be done in his name after he pays 90% of the purchase price.


The person has paid 75% of the purchase price to the builder till 31 March. The bank has charged interest on the loan amount drawn. Since the person has paid only 75% of the total purchase price the flat is not registered in his name yet.


1)Can he claim deduction u/s 24 for interst paid eventhough the house is not registered in his name?



2)If the answer to above question is 'No', is it possible to claim deduction for interest paid before registration, during the financial year when the registration takes place?

Sir, plz suggest the full name of PCC reference books which shall help me in my study rather than confuse me( i have study materials from navkar coaching as well), along with the name of author and publiushers?

Previoulsy, you had told me to have Paduka's book on FM and costing?

do we have to deduct tds on directors sitting fees payable to a NR? if yes at what rate of tax? substantiate if full time director?

I want to know about liability state wise
Professional tax rate & applicability
Pf Applicability
ESIC Applicability
Labour welfare fund rate & applicabiliy