Sir I am working as a construction manager in a MNC since last 6 years.As per co rules & regulations my medical expenditure is reimburse on producing the original bills,but it consider as a taxable income and the IT is deducted at source.Kindly conform whether this type of reimbursement is taxable. regards K SARMA
RE:A questions
by Bibhudatta Mishra on Oct 24, 2007 10:28 AM
Can you give any details about how i go about this ? Any bank which facilates such loans because as far as i am aware, most banks do not ..
Sir, I had PAN Card issued from Bangalore. The card was lost after 3 years of its issue; inspite of writing no response came for re-issue; Whom should I contact? What is the procedure to be adopted? ARUN
Hi Vikas, I made a profit of around 70,000 from Share Trading after which I lost around 55,000. Should I Capital Gain Tax on 70,000 or 15,000 the actual profit I made.
RE:Gains on Share
by Amitabh on Oct 22, 2007 01:17 PM
I believe your gain and loss both are short term.You can set off your short term capital loss against the capital gain and hence your overall short term capital gain will be Rs 15,000 only.But both gain and loss should be real,not notional.
RE:RE:Gains on Share
by chakka krishna on Oct 23, 2007 12:13 PM
I have made a loss of around 70000/- in Futures and Options. Can I offset this against my total income from my salary? From this chat, I came to know that Profit from F&Os are not considered Capital Gains but will be treated as speculation profit. Will the same rules apply for losses in F&O? Please let me know
