Dear all,

My co periodically gives sales incentives or taxable turnover to the customers for achieving sales target. This co makes the payment of all incentives through cheque.They are not adjusting sales incentives against future billing of the same client.So it is concluded there is totally monetary payment for achieving a sales target.My question is ;does it attract any tds liability on the co,since there is whole monetary payment.

please help me out with the information about which i am confused

in relation to salaried person he get rs-100000 deduction under section 80 c

but when he paid amount for health insurance under section 80 d , donation's under section 80 g

is thease deduction is admmissible in extra i mean 80c's 100000+80d 15000+80g 5000

so the total deduction is rs-120000 or he will get only deduction of rs-100000 including thease all

please explain me the concept

Thank you.

Share transactions i.e. a person dealing or trading in shares and the income is shown as income from business from such transactions. Is it covered u/s. 44AD. If a person doesn't show 8 % of his turnover of shares, he is required to get accounts audited u/s. 44AB.

Dear sir i have a proprietor ship trading business & i have fix assest office-2500000,car-500000 & furniture 150000 than we got exption of depriciation if yeas than how much

Dear Expert,

In previous quarter, we have to wrong payment of TDS u/s 194I amounting Rs. 2387. Is there any procedure to claim refund for such amount?

plz send me a sample of submission before cit(appeals) in word or pdf format

Our company engaged in property developement. Right now we have only one residential project. We started the construction 3 years back. Expenses incurred upto last FY 10-11- shown as WIP in balance Sheet.

FY 11-12 we started booking and got advance from some customers. it will take another 2 years to complete the project.

Kindly explain applicabiity of AS-7 in this case.

Hi Friends
I have cleared my CA Exams in November 2011 attempt.I have got my COP two days back.Can i sign tax audit report for the FY 2011-2012.Please help me out.

if the new dirctir is appointed and the member of the co after 1 month of the incorporation with the net worth of the co 1 lacs rs. & 10000 shares issued,

can co issue shares to new director appointed at a par ?

if yes ? what are the impact on the income tax part calculation?

sir can u send me changes made by fiance act 2011 in direct and indirect taxes.