Please let me know whether teaching is a profession under income tax act,

Is it necessary to deduct tax on amount paid to visiting professors or teachers engaged in part time teaching. which section is applicable whether 194 J

Please let me know whether teaching is a profession under income tax act,

Is it necessary to deduct tax on amount paid to visiting professors or teachers engaged in part time teaching. which section is applicable whether 194 J

I stay and work at Pune & pay rent to my parents. Now I want buy a house at Satara or Kolhapur.
The query is -
Whether I can get both (1) the HRA exemption and (2) Interest on loan (as loss under income from House property) in my return for AY 08-09?

please give your advice and also spcify the provision under Income Tax Act.

What is Withholding Tax?

Please explain in detail.

What is the last date for filing return for trust during A.Y 2007-2008?
From which amount a trust should be prepared to file return, audit report, at which rate?
If the trust does not have the income or income less than 1,00,000 is required to file return though PAN Card is obtained?

is trading in derivatives speculative or normal business income? can loss in derivatives be set off against normal business income

rahul

We have used Challan of FBT while making payment of Adv.Tax of Income Tax. It was wrongly prepared alongwith preparation of FBT Challan.What should be possible course of Action to reset correct status of Advance Tax since NSDL shows it a Fringe Benefit Tax considering BSR Code and Serial Number of Payment Challan.
Is there any remedy for rectification of this mistake ?

Mr X purchased and sold shares of companies in a year.

They fetch more profits for him.

What evidence can he produce to Tax Authorities for assessing his income with respect to such shares?

Mr X has a own house at Tirunelveli.

The rent from that house is Rs.1,500 pm.

Mr X is working in a public sector bank at Chennai and residing in a rented house and the rent is Rs. 6,500 pm.

He borrowed loan from his Bank for builing the house.

The deduction is Rs. 10,000 pa.

The interest on the borrowed capital is Rs. 1,500 pa.

Is he eligible to deduct the principal sum of Rs. 10,000 and interest Rs. 1,500 from his income?

How can he treat his rent received at Tirunelveli and rent paid at Chennai?

pls explain the incidence with respect to AY 2008-2009.....

Whether Foreign Salary Income earned by NRI required to be disclosed in AY 2007-08 Annual Return? If yes then which Return and under what section?

In FY 2006-07, 1st 3 months i.e. April to June 2006 earned Indian salary Income and balance 9 months out of india with Foreign company. Whether Salary Income earned outside India (balance 9 months) by NRI required to be disclosed in the Annual Return (AY 2007-08)

If yes then which form and which section?