sir i have been investing in shares from 6 monhs i have no income except the pocket money of around 6k per year i have some short terms gains on my stocks trading (around 2000) and shall i have to pay short term capital gains tax on that profit? since i dont have any income can i ignore paying tax? and i have been charged around 750 rs for account opening 1200 rs brokerage and around 200 for exchange turnover charges and 150 rs for STT and around 700 for demat transactions charges can i deduct these charges from the profit i got from shares? and if i have got loss in shares can i forward them to next year if so shall i have to submit any documents for proof of loss? and shall i have to attach all contract notes and others related documents related to shares when i file returns?

Since you are a minor the amount will be taxable in your parents hands. If the loss has to be carried forward the return has to be filed. No need of attaching anything with the return of income now

Currently, I'm working with a Mumbai based Project Engg & Management Consultancy. For a Professional Certification from US, I will have to spend Rs.22000/- by the end of March2008. Can I avail any Tax benefit for this amount?

no

Hi, my mother is pension holder & my sister is salaried employee. Both had joint Fixed Deposits in bank (Mother's incom is 70000,sis's 100000) then on whose hand income from F.D. will be chargeble.

Whose money is it? mothers or sisters. Try to separate the FD as far as possible. If not possible take 50% each in both the account. If the amount is huge it becomes difficult to explain why such stand is taken.
Both of them are below taxable limit

Hi, I had not received tax refund for FY 2006-07 and 2007 -08 .I had filed return in Ambala (Haryana). Pls let me know whom to contact. Thanks and Regards, Pooja Bansal 9311873454

Approach the PRO in the Income Tax department at the place where you have your return of Income

Sir, I have resigned recently from Dena Bank and have been paid a gratuity amount of Rs 2.56 lacs which is as per Dena Bank Gratuity Act. They have deducted tax on the amount of Rs 0.80 lacs sicne they say that when gratuity is paid as per the Banks act then only 1.70 lac is eligible for tax exemption. Please let me know whether it is correcct or i could calim income tax refund.

any death-cum-retirement gratuity received under the revised Pension Rules of the Central Government or, as the case may be, the Central Civil Services (Pension) Rules, 1972, or under any similar scheme applicable to the members of the civil services of the Union or holders of posts connected with defence or of civil posts under the Union (such members or holders being persons not governed by the said Rules) or to the members of the all-India services or to the members of the civil services of a State or holders of civil posts under a State or to the employees of a local authority or any payment of retiring gratuity received under the Pension Code or Regulations applicable to the members of the defence services ;

(ii) any gratuity received under the Payment of Gratuity Act, 1972 (39 of 1972), to the extent it does not exceed an amount calculated in accordance with the provisions of sub-sections (2) and (3) of section 419 of that Act ;

(iii) any other gratuity received by an employee on his retirement or on his becoming incapacitated prior to such retirement or on termination of his employment, or any gratuity received by his widow, children or dependants on his death, to the extent it does not, in either case, exceed one-half months salary for each year of completed service, [calculated on the basis of the average salary for the ten months immediately preceding the month in which any such event occurs, subject to such limit as the Central Government may, by notification in the Official Gazette, specify in this behalf having regard to the limit applicable in this behalf to the employees of that Government] :

Provided that where any gratuities referred to in this clause23 are received by an employee from more than one employer in the same previous year, the aggregate amount exempt from income-tax under this clause 24[shall not exceed the limit so specified] :

Provided further that where any such gratuity or gratuities was or were received in any one or more earlier previous years also and the whole or any part of the amount of such gratuity or gratuities was not included in the total income of the assessee of such previous year or years, the amount exempt from income-tax under this clause 24[shall not exceed the limit so specified] as reduced by the amount or, as the case may be, the aggregate amount not included in the total income of any such previous year or years.

kindly send how they have done the calculation