Malaybhai--Querry

* An Indian Resident person (Mr. A) is working in TCS. In Jan'05 he was posted for a project in UK. For the entire fy 05-06 he was in UK. His salary was paid in India after TDS. He was getting an allowance of 200 Pounds per month. Now that he is back in India, he transferred some 1000 Pounds, out of his savings from the allowance, in his Indian account. Will this amout transferred be subject to tax?

Thanx/Malay

EXTENTION OF DATE FOR MVAT AUDIT

MVAT Audit date extended to 31/3/2007 by Bombay High Court -- New Circular

NEW YEAR

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