Dear Sir / Mam,

I am very curious to know whether can tally ERP software be used in IATA running companies that do ticketing & bookings??

So can tally ERP be used as an accounting software at these kind of companies??

If NOT, then what is the reason for it??

I understand that for ticket bookings they need to use either sabre, galileo or amadeus but do you think tally can be used as an accounting software for accountants working in these kind of companies??

Dear sir/madam,

While calucting Firm Interest under wealth tax, In partnership firm balancesheet shows Rs. 8,00,000/-as cash in hand.

This cash balance should taken into consider for calcuting individual partners interest in firm under wealth tax.

Can anyone tell me what to write in "Status" column in 15 H form, their is also Residential Status that I know, but what is Status and What is Estimated total income of PY in which income mentioned in column 21 is to be included.???? Plz help me out.

One of my client is an LLP and the partners of LLP have contributed land into LLP.

Now, crediting the amount of land to capital account results in increase in capital contribution of LLP and stamp duty payable on conveyance of land.

So my question is whether this amount being instead of crediting to capital account be credited to partners loan account, so that LLP need not bear the charges for increase in capital contribution?

Will doing this have any problems in future?

i just want to know that when e filling side will be get updated for filling of returns for the A.Y. 2013-14. as so far the site is not updated.

I have a PAN Number and I register in the income tax department but I am student It is necessary to my file the ITR 1 .

Hi All,

Please confirm whether i m correct for the definition of "Total Income" to calculate benefit for Section 87A:

Total Income means income from all heads and before giving deduction under chapter VI.

Thanks in advance
Ramesh

Dear All,

Can anyone tell me the proposed changes in section 50c in case of stamp duty valuation?

whether purchaser ( transferee) is liable to pay tax on difference amount??

Pls it is very urgent

If land inherited by wife is gifted to husband and the land is sold by the husband , whether these capital gain will attract clubbing provision under Income tax . I need the urgent advise from Expert on this matter

if Invoice amount includes with service tax, on

Amount - Rs.10,000
S.T - Rs. 1,236
----------
Invoice Amount Rs.12,236
---------

on that if tds is applicable on which amount i have to calculate tax excluding service tax or on total invoice amount. at present we are calculating tds on the base amount( Rs. 10,000).
which is correct and better. please suggest with the support references of IT dept. Service tax dept.,if any.