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.

Hello,
I have taken a housing loan last year and the construction is also completed during last year itself. Now the question is what is the treatment given to the interest for last year? Prior period interest or current year interest?

Note. EMI started immediately after loan sanction.

Sir,
my query is about the applicability of Alternate Minimum Tax on Individuals & HUF.
is it applicable on above if yes then kindly give me the complete clarification on Such above matter and also give the Circular OR Notification no. link for Verification.

Thanks

for a private limited company

when it will be applicable in ITR-6 as (yes/no)

1-44AA
2-44AB

Plz advice, whether it depends on turn o0ver or Net profit

regards

Sir,
How to make a huf, what are the legal formalities to be done for creating huf.
And I would also like to ask what are the Benefit of creating huf from the point of veiw of income tax and how can we save tax by creating huf.

IF A PARTNERSHIP TRANSFER ALL ITS INVESTMENT OF LISTED SECURITIES LIKE RELIANCE , TATA , ETC. TO ALL PARTNER PERSONAL ACCOUNTs than will it be liable to capital gain or not ???