i have a small confusion regarding calculation of stock in trade / turnover ratio, in Tax audit 3cd form.

what does the ratio represent & how to calculate?

Is it stock turnover ratio or anything else?


its urgent... pls

Respected sir
my question is that if in a family all are tax payers can they invest in lic policy or other investment and can take the deduction on behalf of others
as all are tax payers filling sepret treturn investment

The order is passed by the Director of Income Tax (CIB) U/s 271FA with regard to annual information return. May I know, to which body the appeal can be filed against such a order?

in the case payments made to transporter how much we can pay in cash in a day and second query is can we pay against more than 1 GR we can pay him in cash excess rs 20000/-

Mr. A has been in India since birth In A.S. Year 2011-12 he has been in India From 01.04.2010 to 28.02.2011 , then his India company/ employer send him to South Africa for work from 01.03.2011 to minimum for 1 year terms to maximum 2 years. In South Africa his employer cut TDS as per South Africa tax structure.
Now my querry is what rate of income tax applicable to Mrs. A?
He has to file return In India? Or South Africa?
As for his income for the A. S. year 2011-12 ?
As for his income for the A. S. year 2012-13 ?

He has no other income except salaried income!

I want to know what is the difference in the computation of depreciate calculated on the basis of Income Tax vis-a-vis the Companies Act.

How do you account for the difference in the cash flow statement, so that the balance sheet and cash flow matches?

need this answered ASAP.

Also, what would be the depreciation rate for a golf simulator via both the methods (WDV).

thanks

firm has going to wind up his business and it sold all his assets. firm has shown Rs 16275202 as profit on sale of fixed Asset (land) in his accounts like W.D.V Rs. 1106298 and Sale Rs. 17381500 but actual gain show as Rs 10078282 due to indexed cost like Sale Rs. 17381500 and indexed cost Rs. 7216310 and 86908 (expenditure on transfer). please help me whether this treatment is wrong or right

one of my client had lost his pan card in 2008. he had not informed us reg this earlier. can we ask for a reprint of pan card as suggesteed in the arlier resolved query by submitting copy of old pan card, identity proof & address proof? or is it that we have to fill in form 49A?

Condonation of delay U/s.119 rejected by Assessing Officer, Is it appeallable?

DEAR SIR/EXPERT


Can v claim same deduction on the basis of the given judgement of CIT Vs. Kiranbhai H. Shelat [1999] 235 ITR 635 (Guj). the link given is as follows. http://aisha.caclubindia.com/experts/details.asp?mod_id=388050

Here the case of LIC Developement officer. and wanted to claim 30% duduction of incentive bonus and cash award received. As the duty is just like sales only se infact also expenes are happen....

So please advise me