If a partnership firm does not make the provision for Expense of Municipal Tax for the year 2009-10 and pays the same in F Y 2010-11 then can the same be allowed as deduction for the F Y 2010-11 as we get deduction u/s 43B on payment basis, Please state the reason also

A company has incorporated in the year 2008 for Marble Trading but business is not yet started. It have a land from which it has earned income approx Rs. 30000/- also Interest received on deposit with Bank. Wheteher such incomes will adjusted with Pre operative expenses or other wise. Plz suggest its treatment in Balance Sheet and Income tax

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