My client has taken on lease a agricultural land from a land owner. my client is now into agricultural activities in that leased land.will he be exempted from the income on the agricultural activites..

What is the status of income receoved by the actal owner of the land.Will it be exempt?

I want to know the various rules regarding taxability of gifts...
in case of kind and non kind gifts
in case of relative and non relative
alongwith sections for reference and any imp case laws and tips for tax planning

can a fixed monthly mobile allowance can be given to employees...

The mobile is used for the official purpose

then wat is the taxability

Hello friends, i need certain clarification regarding whether an employee who has availed a Home Loan can take the Benefit of both HRA and deduction u/s 80C and also interest as he is employed at a place other than the place of his house. and will it be treated as self occupied for House property income.

Hi, i want know that whether any expenses on which TDS paid from own pocket on payment to to a non resident is allowable as deduction or not.is there any case law if expenses will disallowed.

My father holds a independent House in Karaikudi (Tamil Nadu).He wants to sell it and with some additional amount [which I am arranging through a home loan] wants to purchase a flat in Chennai.I want to register the flat jointly in the name of myself and my father.
Can he avoid Wealth tax and I get Tax benefit together for the same? What are the total tax implications for the above transactions?

An Assessee has sold residential house.Due to his severe illness, he purchased a new residential house in the name of his wife.My question is that whether he can claim deduction U/s 54.Whether there is any High Court/ Supreme Court decision on this situation. Please quote the relevant one.

we are a proprietor firm & C&F agents.we hire transporter to carry our goods.Every month we receive bill from transporter.we pay him through cash or bank.I want to know whether we have to deduct TDS as payment to transporter is above RS 20000 every month.i also want to know if transporter quote his PAN NO then whether we have have to file nil quarterly return of TDS.

Hi

If a individual filled income tax return in 2007-08 (AY 2008-09) but there is by mistake for which PAN number mentioned and the Income Tax department send a letter u/s 272B (which is penalty not less than 10000)
Can anyone give suggesstion what can do the Assessee?

Can he filled the revised return or any other option that he can do?


Thanx & regards
Anirudh

we have purchased licence of Sonic wall for one year.

please advise whether TDS is to be deducted , if so what is the rate of tax.