Income Tax QnA - Page No 9955

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CA Vivek Dugar

13 June 2014 at 10:34

Tax implications on sale of mutual funds

Dear Experts
Please tell the tax implications in case of sale of mutual funds which is under daily dividend reinvestment plan and sale is done within 12months of purchases?

Will there be any short term profit, as the difference in sale and purchase price is the dividend earned during the holding? [NAV is same during the whole period of holding]
Or
The difference will be shown in exempt income under the head "Income form other sources" as dividend received is exempt

JALPA

13 June 2014 at 10:26

Payment of gratuity

IF AN EMPLOYEE'S CONTINUOUS SERVICE IN ESTABLISHMENT IS FOR 7 YEARS AND 230 DAYS. FOR WHAT PERIOD HE IS ELIGIBLE FOR GRATUITY? 7 YEARS OR 7 YEARS AND 6 MONTHS?

Mohit Ramani

13 June 2014 at 10:13

How it is decided on quantity of currency notes to be printed..

Please Sir help me out on this question...??? How RBI decides on quantity of notes to be printed by them....and what will happen if excess or less notes are printed...how it will affect inflation or deflation

Anonymous

13 June 2014 at 10:09

Obtain credit rating on a loan exceeding 10 crores

Whether it is necessary to obtain rating from a credit rating agency on a loan exceeding Rs. 10 Crores for a company

aitha sumanth

13 June 2014 at 10:02

Tds on amc charges

Whether TDS to be deducted under 194C or 194J for AMC services taken from a e-solutions company.

Anonymous

13 June 2014 at 09:58

Capital gain ac

Hi,

Which is the ITR form we need use to file the capital gain IT Return

CA Mahavir Shah

13 June 2014 at 09:52

Mca error - sign for practicing professional is unsigned

I am trying to incorporate small company.
While filling form INC-22 & DIR-12 it shows error that "Signature field for Practicing Professional is unsigned"

I have tried using downloading new forms many times
Also tried by typing as well as copying but it shows same error.

Kindly help us to resolve it.
Regards,
CA Mahavir Shah
M : 09429200851

kumar

13 June 2014 at 09:25

Banking

What is the difference between SBLC AND BG ?

riddhi

13 June 2014 at 09:18

Accounts

How to make provision for expense for the period march to april

ex: telephone expense period 9/3/2013-8/4/2013

provision in march 9/3/2013-31/3/2013 ?
provision in April for 1/4/2013-8/4/2013?

how to allocate?

Naveen Bacchani

13 June 2014 at 09:14

Capitalization of assets

A school is purchased a land. school done some JCB leveling work and built boundary only and debited such expenses under land cost ...can it is a land cost or building cost..