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jin   09 June 2008 at 08:25

taxation of trade unions

hi my question is that whether the trade unions are exempted under income tax.wht are the incomes which are taxable and wht are the incomes which are not taxable.whether donations accepted by trade unions from diffrent business orgnaisations to use for perticuler funds are exempted .

Chandan Garg   07 June 2008 at 14:44

Checklist under income tax act.

Can any one please give me a check list to verify that sums are deducted from employees and paid to govt. by company in acc. with income tax act

mohit arora   05 June 2008 at 14:47

TAXATION OF SHORT TERM CAPITAL GAIN

SIR MY INCOME FOR THE PY 2007-2008 IS RS
90570. SHORT TERM CAPITAL GAIN IS RS 123875. PL TELL ME WHETHER STCG WILL BE ADJUSTED AGAINST MY INCOME UPTO WHICH IT FALLS SHORT OF THE BASIC EXEMPTION LIMIT.

BASIC EXEMPTION LIMIT 110000
LESS INCOME 90570
SHORT FALL 19430

NOW STCG 123875
LESS SHORT FALL 19430
BALANCE TAXABLE 104445

PL TELL ME AM I RIGHT ?


mohit arora   29 May 2008 at 14:31

RESPECTED MR KOTRESH PL CARIFY

SIR, I COULD NOT UNDERSTAND YOUR ANSWER ,GIVEN YESTEDAY FOR MY QUERY. PL CARIFY THE SAME. TOPIC IS WHETHER SALES OF SHARES COMES U/S 44AB OR NOT . YOU HAVE GIVEN THE ANSWER ,BUT I COULD NOT UNDERSTAND .AS FOR AS MY STATUS IS CONCERNED


I AM A LIC AGENT. PL CARIFY MY CASE.

VASANTH D JAGANATH   28 May 2008 at 00:06

KVAT - Rate of Tax

Dear Sir / Madam

My query is with regard to applicability of rate of tax for X-Ray Machine under KVAT Law, undery whih entry it is taxable at what rate"

VASANTH D JAGANATH   28 May 2008 at 00:02

KVAT - Filing of VAT Return

Dear Sir / Madam

my query is with regard to filing of vat revised return wherein the time limit is prescribed for 6 month subject to conditions, how far this provision holds good wherein such a provision is against the principles of natural justice which take away right to file revise return where there is liability to pay or claim excess input tax credit?

mohit arora   27 May 2008 at 12:12

if sales of shares 40 lacs falls under sec 44ab of income tax act or not

sir, i have 1000 shares of satyam computers @rs 500 means total delivery in my account is rs 5 lacs. if i sold 1000 shares at higher rate say 520 and then recover at 500 then total sales in my account is 520000. if same entry repeated means sold at higher rate and recover at low prices then after repeating 8 times my total sales exceeds 40 lacs but my intial totol investments only 5lacs. i have only repeated the entry . whether i falls under sec 44AB for tax audit or not YES MEANS REPURCHASE. sold 1000 shares at higher price and repurchase the same at lower price .

ashish   27 May 2008 at 11:53

query regarding allowance

wat is d difference betweent travelling allowance & transport allowance.

ashish   27 May 2008 at 11:39

house rent allowance

r/sir
salary u/s 10(13a),includes d.a. 2 d extent d terms of employment so provide.now my query is how 1 can know dat d.a.is 4 retitement benefits or not,is it clear 4m form 16a or 1 hav 2 ask d client?

vinod   26 May 2008 at 20:12

sick company and certificate proceeding

when the company has been declared as a sick company and high court has appointed official liquidator , whether claim by sales tax department for it due taxes can be lodged before the certificte officer under the public demand and recovery act ?