If Mr. A Join Co. in July 11. He get Basic Rs. 16000 & HRA Rs. 8000 p.m.

Mr. A pay rent Rs. 7500/- p.m. from April 11 to Mar 11. & submit the rent receipt to company.

Please let me know how to calculate HRA exemption under this if a person doesn't work from apr 11 to mar 12. but where as he join during the year.

My Company is not working since last 4 years,

As the machinery was utilised last years we used to charge depreciation,

but when we business is not running the depreciation is not being charged.

IS IT MANDATORY TO CHARGE DEPRECIATION EVEN IF THE MACHINERY STOPPED BEING UTILISED.

if a resident person is director in a company of singapore than will profit of the company will also be liable to tax in hands of director or only salary and interest received by director from that company will be liable to tax in india????

Dear All,
Please advise which FORMAT (i.e. new or old) of FORM 16A to be used for issue of TDS Certificate if TDS was not deducted in FY 2009-10 which is now deducted and deposted (on 20.09.2011) after receiving notice from Income Tax Department.
Thanks and regards,
Ramesh

My father, a senior citizen, is providing technical consultancy services to a company and getting a remuneration against consultancy bill to a tune of Rs. 10.08 lacs p.a.

The company is deducting 10% as TDS on consultancy services.

I would like to get clarified as under :-
1. Does my father need to be registered for Service Tax also since he is total claiming > Rs. 10 Lacs
2. What expenses can he book apart from provisions of 80C
3. The company has provided him a car and pays for its fuel, but, the drivers salary is being paid by my father, how can he claim rebate from income
4. what expenses can he claim to deduct his total income from consultancy services
5. He runs his consultancy business from home, can he claim expenses of electricity, etc.
6. He needs to use excessive studies with technical books and journals which he frequently purchases, can he claim such an allowance
7. How will he file his Income Tax

Kindly respond

If we have not remember last year income tax online return Login Id passward and Also dont have acknoledgement or Secret Question Answer.....for Indivisual and partnership firm online return Complsry then what is the procedure ? please its urgent Reply Some one

Regards,
Chitesh B Jain
8000282417
chiteshjain@gmail.com

Dear Colleagues,
Mr.M (Italian citizen staying in Italy) is a director in his group wholly owned subsidiary in India.
He sits in Italy, takes all major decision sitting over there ( He Comes to India only for 5-6 days in a year).
He want company to pay directorship salary/remuneration in India which shall deposit in a bank
Account he will open in India.
Querry:
1)Is there any bar in making payment of salary to him?
2)Since the salary is going to be paid in India(but does not work in India), shall it be liable to TDS?
3)IF YES AT WHAT RATE?
Regards
c.a.paresh Zatakia
9833855518

WHAT IS THE RIGHT DEFINITION OF INCOME TAX ACT SECTION 35AD . ANY SPECIFIED INCOME . WHICH TYPES OF INCOME COMES UNDER THIS SECTION PLEASE CLARIFY

HELLO,

MY CLINT IS IN BUSINESS OF CONSTUCTION OF BUILDING (BUILDER) & SELLING OF THEM AFTER CONSTRUCTION

IN LAST F.Y. HE HAS A WORK IN PROGRESS , SO HOW IT WILL BE TREATED IN I.T. AS CAPITAL WORK IN PROGRESS OR ONLY WORK IN PROGRESS ? AND PLEASE EXPLAIN DIFFERENCE BETWEEN THAT

THANK YOU

sir,iam women(below65)assesse.have prop.business & covered in Tax audit for the yr 31.3.2011(A.Y.11-12)My net taxable Incomr is Rs.481830/.
i have not paid Any ADV TAX OR ANY PREPAID TAXES
AS TODAY HOW MUCH I HAVE TO PAY I-TAX? & ALL
INTERST sec 234 a b c & any penlty? reply soon thanks