Anonymous
21 July 2010 at 12:01

80IE

form for claiming deduction u/s 80IE

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SWAPNIL MEERA SHARMA
17 July 2010 at 23:35

SEC 191 (Direct payment)

While reading bare act of income tax which goes as follows:-

"In the case of income in respect of which provision is not made under this chapter for deducting income tax at the time of payment, and in any case where income tax has not been deducted in accordance with the provisions of this chapter, income tax shall be payable by *ASSESSEE* direct."

>>>>>> My question to Experts::--

Sir,
Who is the ASSESSEE in above case....???
**Is it Payee (Assessee) or,
**Is it Payer (Assessee in default)...???


>>>>>> In my view there are two cases:-
1. Where TDS is not to be deducted on income, and
2. Where TDS is to be deducted but actually not deducted OR if deducted then not paid to the pocket of govt.

Now I say in first case the ASSESSEE is the normal assessee i.e the Payee who is going to get the income in his hands,

While in the second case its the ASSESSEE IN DEFAULT i.e the Payer who paid the income to another one.

AM I RIGHT OR WRONG...???
PLEASE DO THE WORK OF HEAD-ACHE MEDICINE. :)

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Anonymous
16 July 2010 at 19:00

PAN CARD DETAILS

I NEED TO SEE THE FIRST NAME AND MIDDLE NAME AND LAST NAME FROM THE PAN CARD.
IT IS REQUIRED TO MAKE LOGIN FOR E-FILING. SO PLEASE PROVIDE ME DETAILS. AND PLEASE GIVE ME REPL OTHER THEN INCOMETAXINDIA.GOV.IN

IS THERE ANY WAY TO GET ALL THE DETAILS FROM PAN NO.

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NIKHIL PRAHLADKA
15 July 2010 at 11:15

set off of losses

hi
Should we set off the loss brought forward of trust excluding the basic exemption limit or should we set off the entire profit against brought forward loss.
Eg:Profit Rs. 400000
BF losses 900000
So should we set off only Rs.240000/- after leaving the basic exemption of 160000/-.

2.For how many years can we carry forward the losses.

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CA Tejas Andharia
14 July 2010 at 14:08

Disallowability

I want to confirm one doubt.

As far as i have interpreted the act, i under stand that - "If cash exp. Incurred in excess of Rs. 20,000/- and it is capitalized then also disallowable under section 40 A (3). In the same way, if amount is liable to TDS u/s. 193, 194A, 194C, 194H, 194I and 194J and tax is not deducted at source and that amount is capitalized, then depreciation is also not deductible on proportionate basis."

Kindly express your views with relevant provisions of these sections.

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Mukesh Kumar
13 July 2010 at 18:07

I need a Salary Slip

Hi everyone
There is a nice weather in Delhi.
I ned your help.
Please make a salary slip for the F.Y. 2010-11.
The net amount after all the deductions should be Rs. 40000/-.
Conveyance Allowance - 800 p.m.
Rent Paid - 7000/- p.m.
Basic salary - up to you
any other allowance - up to you
LIP - 26000/- in one year
Turion Fee - 800/- p.m.

Thanks
Mukesh Kumar
Delhi

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MOHAMMAD
12 July 2010 at 18:39

Section 45

Can anybody Elabrote me the Transfer Personal Assets in Stock in Trade

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CA SANTOSH SHETTY
09 July 2010 at 16:27

PRIVATE TRUST - ITR?

Which ITR is used to file IT return of Private trust

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Ashok

If transporter does not quote PAN No. & total billing during FY 2010-11 still below 70000, is TDS not applicable to such payment.

Thanks
Ashok Sharma

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Anonymous
07 July 2010 at 17:46

Proprietorship To Company

One of the Indvidual running the business in form of Proprietorship now it forms Company??
Now the question is what will be the Tax consideration in case if it transfer all his assets & Liabilities to his Pvt Ltd Company

Whether it can transfer all his assets & liabilities merely by book entry??

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