one of my client has produced a notaried (Notary)affidavit , in which his brother gives him Rs 2,50,000 from 2008 as a part or share of his agriculture income out of 30 acres of land
they are all living in joint family.
Can i consider it is an agriculture income ?

Film distributors acquire movie rights from producers, in turn they license these rights to subdistributors entering in to a contract to use those rights in all the ways in which distributors can use. Subdistributors help them in getting the revenue share from the theatres by distributing the films prints to theatres located in their area of operation. In turn,subdistributors receive a share normally 10% from the collection after deducting the share of theatres in which movies are distributed.balance 90% share is given to distributors. on this share of 10% to subdistributors will the tds be applicable? May be as commission or any other section?
the argument is the above contract is on principal to principal basis. the share is termed as revenue share and not commission etc.

I have done auditing of a private firm I have prepared the audit report before 30th sept but failed to file the return on time, please let me know the max penalty in case of late filing of Income Tax return for audit case.

Thanks

The car is registered in the name of the director. However the car is being used by the Company and the purchase of car is also financed by the company.

Now during the sale of car, the capital gain will be taxed in whose hands?
a. Company or
b. Director

Kindly provide some supportings (For E.G. Case laws or sections)

Dear Sir,

(1) From which date (FY) this Direct Tax Code is going to be applicable ?

(2) Pl. give me details :how capital gain on investment in equities , is treated ? For short-term & long-term, how much is the period of holding ?

thanks
anckoora

I want to know the basic understanding of this section.Thank you

Hello Experts,

Please tell me what is the last date of filing Income Tax return for the F.Y. 2010-11.

If somebody haven't submitted Income Tax return for the F.Y. 2009-2010. Now, how can he/she can submitted the Income Tax return for refund & what is the lat date of submission of IT return


Thanxs.

Hi,

Although I have a house of my own, i stay in a rented house for proximity to my office.

My owned house is let out. In such case, can i claim both HRA as well as the loan interest and premium paid? If yes, to what extent ( i mean exemption cap) and if no, whats the way out to minimize my tax burden as i am paying a lot of money towards interest.

Thanks for your time.

AOP comes under non-company category

A.O.P. COMES UNDER COMPANIES OR NON COMPANIES FOR DEPOSIT OF T.D.S. CHALLAN .