SIR/MADAM
I WANT TO KNOW
IF THE PARTNERSHIP FIRM GIVES THE TAX LIABILITY OF PARTNERS AS BENEFITS THEN WHETHER THE PARTNERS WILL BE BENEFITED WHILE CALCULATING TAX OF PARTNERS

Dear All,

Whether FBT will be payable on expenditure on internet connection ( say by DATA card) given on Laptops of employees under Clause 115WB (2)(J) of the Income Tax Act?

We have a partnership firm and Pvt. Co. well I have deducted the TDS from the firm and while preparing the Challan the software gives the error and the Firm’s name was written but the TAN no of company was written and I have deposited the tax. Now please tell me how to rectify this error.

Dear sir,

I wish to know that does one can adjust his FOREX TRADE LOSS again stock market profit ?

If yes,then which type of Trading profit covered to adjust forex trading loss ? Intraday or Delivery base profit of stocks ?

And if nothing about all then one has to ready to suffer this loss of forex trading?

Any cues ???


Thanking you,

1. Tax Liability and Tax Slab (Gross Receipts including donation is around Rs. 10 Lacs)

2. Whether Audit is compulsory

3. Whether Filing of return is complusory if net surplus is less than Rs. 1 Lacs

i just want to ask whether, while calculating TDS, do we calculate it on amt that includes Service tax or is net of service tax

Hi,

TDS on stipend should be deducted under section 192 (Salaries) or under section 194J (professional fees)?

Regards,

Riddhi

I am working in a Educational institution registered under 12A(a) of IT act. All the amounts in excess 15% of income are invested as per sec 11 and 12 of IT act and used for the purpose for which the institue is established. I would like to know whether this registration is enough to claim income tax exemption or is there any specific certificate to be obtained for tax exemption. please clarify.

what is the due date for trust to file a return if gross receipt exceeds 100000 before giving deduction U/s. 11 & 12? and is there is any need to file a return if GR is 22000/-

FOR A WOMEN RESIDENT ASSESSEE UPTO WHAT EXTENT IS THE MARGINAL RELIEF APPLICABLE?

IF SHE HAS A SALARY INCOME FOR WHICH SHE WOULD BE ELIGIBLE FOR MARGINAL RELIEF AND FURTHER BECAUSE OF THE CAPITAL GAINS IF HER INCOME JUST CROSSES THE MARGINAL RELIEF BORDER THEN HOW TO GO ABOUT COMPUTING THE TAX FOR THE SAME ASSESSEE?