Hello All,

can anyone please confirm me that, in order to claim exemption u/s 10(14)(i) of conveyance allowance, is it mandatory to submit bills / declaration to employer by the employee ?

thanks in advance

dev agreement is entered into by husband with a dev around 10 years before agnst a token amt paid by him and the bal cons to be paid in the form of two flats to be transfered in his case. later on husband dies and after 10 yrs the builder tr the 2 flats in the name of wife. in this case whn the capital gain will be attracted and whther it will be taxed in ind capacity in the hands of wife or as an karta of HUF

IF A PERSON OF INDIAN ORIGIN & SETTLED IN CANADA. AND NOW WANT TO DO BUSINESS IN INDIA OF REAL ESTATE. PLEASE PROVIDE ME THE RULES AND PROCEDURE FOR THE SAME IN INDIA FOR THE PURPOSE OF INCOME TAX

total income 250000 including LTCG 120000,lottery income 10000,and remaining other income.what shall be the tax liability

from where can i get the summury of exemption under basic slab rates over the years from 1961 to 2012

Dear expert,
I want to know that, income tax on firm's income is to be debited in P&L appropriation a/c or from partners capital a/c divided in there partnership ratio.
Please advise me.

pls tell me how much i have to book dep for a firm with percentage of dep ?

Computer
Factory Machinery
Electric Fittings
Factory Building
Furniture & Fixtures
Land 1151000
Office Building 909000
Factory Machinery other 602000
Printer & Scanner 11300

kindly consider as urgent because its for F.Y. 2010-2011


Thanks in advance

Sir/Madam,

I have three question on relating to intraday buying and selling of shares.

Q1. If assessee is engaged in buyin and selling of equity shares itra-day in nature whether it will be treated speculative business transation or other source income?

Q2 If it is a speculative business whether assessee is required tax audit ?

Q3. What will be considered (i.e 60 Lakh) for applying for tax audit, gross purchase value of shares, gross sell value of shares, or gross receipts from doing such business.

Re: Credit card Transactions involving incidence of TDS.

Facts:-

A Retail merchant swipes a credit card for receiving payment from customer. The bill details and amount are then forwarded to the acquiring bank, which makes payment of the bill amount to the retail merchant after withholding its discount amount for providing this service to the retail merchant.

Query:-

Whether the discount so withheld by the acquiring banker be treated as being in the nature of commission, liable for deduction of tax u/s. 194H?

We have received advance in the month of March for the services to be invoiced in April.

Our client has deducted TDS on advance payment & will be issuing TDS certificate for the same, but we will invoice the services in next F/Y.

So, how can we claim TDS deducted in current F/Y against income of next F/Y