What is circular trading? pls give an example if possible

What is price rigging???

Suppose , a man takes takes a loan from the outsider for the trading of shares, they agreed on the following terms....

monthly installment as a repayment of the principal amount i.e., fixed.
And he agreed that he will share only 10% of the only profit and not the loss made by the other as a commission not the interest.
Is this commission will be allowable expense under the capital gains or not....??????

Back ground:
1.A pvt ltd Company having its Head office in Mumbai with MVAT & CST Registration.
2.It has Branches at New Delhi & Kolkata having the respective VAT & CST Registration.
Query:
1.Goods purchased by the local branch at delhi send to head office under F Form .
- when goods purchased locally it is eligible for VAT input for sales made at delhi branch,but will it eligible for input tax credit on goods purchased locally in delhi & the same stock has been tranfered under form F to the Head Office,even if no sale has been made at delhi branch
- The goods transferred from the branch is to be sold lyving the local VAT where output tax is to be generated & paid to maharastra government.
- Is there any taxation impact on the above transactions.

An amount of 5 % has been deducted from the Tax Invoice issued under the Maharastra Value added Tax Act by the customer .
Please Explain :
1.Whether any amount is deductible from the invoice as ESI.
2.If Yes ,what will be the accounting treatment for the same.
3.Please specify the relavant provisons under any Act for the same.
4.If deduction is sustained than whether any certificate is to be obtained in this respect.

The act of answering will behighly appreciated.

What is the meaning of term "Intermediary" used in section 92A of Income Tax Act, 1961? Actually It has not been defined in the Act itself, but what meaning should we take having due regard to judgements of various courts ?
For Example, if One person is importing goods from foregn concrn and his NRI brother is the partner in that foregn concern, then both these concrns are "Associated Enterprise" as defined under section 92A ? Please explain with logic and reference of case law etc.

I am CA final student. I have sent final registration and articleship registration form on 21st August,2007 but I have not received any Registration letter from Institute stating my Final registration number. What should I do about this matter.

Dear sir,

The applicability section of ESI Act says

1.10 employees in case where the factory runs with the aid of power

2.20 employees in case where the factory runs without the aid of power

3.such other estabilshment as notfied by Central Government

Can you please let me know what are the establishments notified by central govt.

Also,please let me know what is the minimum wage adopted for calulation of ESI liability?

Please let me know this

in schedule xiv no where it is mentioned that company has to depreciate its assets upto 95%. then how a company can depreciate its assets upto 95% following schedule xiv rates?

As per sec 28(v)of the Income Tax Act, 1961 partner's salary should be taxable as a business income(under the head incomes from business or profession)while filing the individual return of the partner. why cant it be taxed under the head incomes from other sources? wat is the logic behind that? in either, ultimately cases the salary will be taxed. so i want to know the logic behind that.

hi sir,
i have a client of salary he has withdraw the salary of rs, 65000 p.m. how can i make the tax planning for that person please make the tax suggestion to the extent of lower tax liability