Dear Sir,

A charitable Trust has accumulated Rs.5 lakh in the year 2008-09 for construction of a building for running a School. Form 10 specifying the same filed with ITO. Now it is not feasible for the Trust to build a building and run a School for various reasons. Now please guide us can the Trust use the accumulated amount for construction of a residential houses for letting on rent and that rent can be used for the object of Charitable Trust.

Thanks & Regards,
C. Durairaj
Manager,
Sree Visalam
Pallathur-630107

Construction company following project completion method has acquired land for project and has classified land cost as well as incidental expenses incurred for the same under work in progress . now if such land is sold how is the gain to be treated

My Co. dividend to be declared is Rs. 9,00,000.

I want to find out the
---actual DDT to be deposited??
---when depositing, what would be assessable year AY 2012-13 or AY 13-14 and is it 106 when online..
--- last date of deposition.

Dear Sir,
As notified on efiling website, that assessee has to submit audit report electronically.
Then what would be its procedure.
Whether it would be uploaded in Word format or in any other format?

Please advise me.

Hi... Friend

am very month Salary of CTC 4 Lakh can you guide me how save tax what are planning now onwards please give me answer past

I AM HAVING A EXPORT SALE OF Rs.30 LAKH N NET PROFIT AS PER BOOKS IS 151000/- (APPROX.).
RENTAL INCOME 225000/-
OTHER INCOME 115000/-

SO, SHOULD I FILE MY IT RETURN IN FORM NO.- 4 WITHOUT AUDIT U/S 44 AB.

THANKS

what is difference between TDS and TCS?

TDS -deduct by the person who is making the payment against the expenses (we have to pay this to gov)
TCS-even though we are collecting (is that we need to pay same tax to gov)?


both are the liability to pay to governmen?..

Can payment of penalty to MCD be claimed as expense?

One registered trust has only interest income and no donation.It donates amounts to another trust having the same object as the donor trust,out of that year's interest income. Is this treated as application for trust purpose?
It also make donation to another trust with same objects, out of the fund accumulated/set apart in the earlier years. Can this be considered as application out of the special fund and claim tax benefits?

I want to Income tax Return file Basic Salary 12550.00 P.M. PF 1506.00 ESI 220.00 P.T.200.00 how to calculate my income.