What is Deemed Dividend Concept u/s 2(22)(e) ?

The Balance Sheet of A shows a Loan from his mother of Rs. 25 lacs borrowed 15 years ago.Now the mother wants to gift this money to A. A wants to pass book entries for this transaction as follows:

Loan a/c Dr. 2500000
To Capital a/c 2500000
(Being loan from mother converted into Gift vide 'Gift Deed' Dated .....)

Is gift by book entries prohibited under any Act?

80GG- Whether for salaried or all assesees?????


80DD- If exp.& Subscription is less than 50000/750000 whether even then 50000/75000b will qualify for deuction??
What will happen in case of blind member (HUF) no exp. has been incurred???

After completion of CA when we want to join any good company, we are asked our expected pay package. The question becomes vital while we are approached by a foreign company. How to decide the pay in a currency with which we are not familiar?

Hello sir i would like to know about some international course . I know only CIA tell me about it

RESPECTED SIR,

IN A REF. BOOK I SHOW ONE EXAMPAL, THAT IS ONE NSC PUR. AT 10000 RS. DATED 12/12/2000. AT THE TIME OF COMPUTING RETURN FOR THE P.Y. OR FINANCIAL YEAR 2000 - 01, CALCUATION OF INTEREST FOR THAT NSC FOR THAT REMAINING PERIOD ( FROM 13/12/2000 TO 31/3/2001 )IS NOT TAKEN IN COMPUTATION. AND IN F.Y. 2001 - 02 INTEREST IS CALCULATED FOR THE WHOLE YEAR AND GOES ON FOR OTHER F.YEARS.

[ Q.1 WHY FOR THAT RAMAINING PERIOD ( FROM 13/12/2000 TO 31/3/2001 ) INTEREST IS NOT CALCULATED AT TIME OF COMPUTATION ? ]

[ Q.2 THERE IS ANY RULE THAT FOR CALCULATION OF INTEREST AT THE TIME OF PUR. YEAR INT. IS NOT TAKEN INTO CONSIDERATION ? ]

[ Q.3 INT. IS CALCULATED ON CUMULATIVE BASES ? ]

Hi,

One of our clients, 'A' provides infrastructure to another company 'B' and B deducts TDS u/s 194I and pays infrastructure charges to A.

But A also pays various other charges, like Security, housekeeping, professional charges to third parties and raises a debit note on B towards its share of expenses.

Is TDS applicable on above. If yes, at what rate?

Would there be any difference if there is a contract to this effect?

Whether right to use Act applies on renting of Chartered Planes. Further whether there is any difference in renting of planes just like in the case of yellow black taxi and ordinary taxi

Please tell me the Income Tax rate for PY ended on 31.03.06 for Individual along with surcharge & cess applicable

could u pls tell me the procedure for conversion of a partnership firm into a private limited company