Dear sir
Namste !! i want to study deep about income tax and its all matters. so pls let me know any internet scource book about income tax.
pls help me

regards

Dear Experts,

Whether tds applicable on interest on Bills of Exchange.

Most urgent

Respected sir/madam,
According to Sec 194c Tds should deduct if the following 2 condition satisfied
1) If the amount of any sum credited or paid exceed Rs 30000/- and
2) the aggregate of the amounts of such sums credited or paid during the F.Y.exceeds Rs 75000/-

but if i raised 1st bill of Rs 26000/- and second bill raised of Rs 31000/- here 1st condition is satisfied in 2nd bill (i.e.Amount exceed Rs 30000/-) and 2nd condition (i.e. Aggreegate of Rs 75000/-) does not satisfied here my question is that on first bill shall TDS should be deducted or not

An agency give some hostess in a Foreign Trade Fair to a company which attend the Fair. Please let me know the nature of remittance to be mentioned in Form 15CA and whether Tax to be deducted on such payment.

CAN A RETURN BE REVISED U/S 139(5) AFTER RECEIVING A INTIMATION U/S 143(1)

As in sec10(5)leave travel concession, is there any limit in number of childrens eligible for exemption in the case of sec64 1(A) clubbing of minor's income?

Pls comment?Thanks in advance

I have filed original 26Q with some deductee records without PAN as the same were not available. While preparing the .FUV, I was required to select the rate of TAX as higher as PANs ware not available. Now I got the PANs and want to correct the return. Now problem is that I am unable to change the higher rate flag in the return. I have deducted the tax with normal rate only. Please advice how correction is made. Simply UPDATE PAN will be sufficient ?

The shed value in books after depriciation is
zero say WDV is 0

Shed sold for Rs.11.00 lacs

New Shed is purchased for 13.00 in the same area of MIDC. is it comes under long term capital gain, if yeas what will be tax liability or if no what should be accounting
entries whether books shows shed value 2 lacs

sir my question is that, is there any exemption limit of tds amount on which interest is to be caloculated or not?

in income tax there is a limit of rs 5000. above this amount we have to calculate interest. same as is there any limit is allowed for late deposit of tds.


thanks in advance..

Dear Sir,

I have given donation to a school and have received a receipt against that amount.

The 80G registeration number is mentioned on that receipt but the validity mentioned is upto 31/03/2010.

Now when I went to change the reciept, they said that there is a new circular where in the old registered society or trust are now not required to renew their 80G certificate, and their registeration is valid for life time.

They have not changed the receipt and my auditor is disallowing that donation in tax audit for F.Y.2010-2011

Please suggest what to do, and if any such circular please provide me.

Thanks in advance