CAN THE LOSS IN CURRENCY TRADING IN UNITED STOCK EXCHANGE BE ADJUSTED WITH BUSINESS INCOME.

CAN THE LOSS IN CURRENCY TRADING IN UNITED STOCK EXCHANGE BE ADJUSTED WITH BUSINESS INCOME.

Business income or profession income

Dear Sir My brother doing consulting work to company – type service is 1. Procurement of purchase order 2. Handling delivery of goods 3. following up for payment 4. Customer support work. But he will get fixed amount of fee for above service. For income tax purpose – Is it Business income or profession income. [...]

Is service tax applicable on commission remitted outside India

Sir, We are in export business. We are exporting to Sri Lanka, Turkey & Phillipines. We have to pay commission to agents in these countries. I want to know wheather service tax is applicable on commission remitted outside india or not. If not then under which section we are exempted and if service tax is [...]

IS THERE ANY RESTRICTION ON THE INVESTMENT BY THE NBFC COMPANY.IS THE INVESTMENT IN ANY COMPANY BY THE NBFC COMPANY IS LIMITED 15% OF ITS OWNED CAPITAL.

PLEASE GIVE US SOME IDEA ON NBFC & NON NBFC COMPANY.HOW DO THEY FUNCTION AND WAT ARE DIFFERENCES IN THEM