hi

can anyone tel me whether previous year expenses, not booked in accounts last year,be booked in current year and will they will be allowed as deduction under income tax act in current year?

Aslo i would like to know the treatment under companies act in current year.

Can we carry forward a business loss to subsequent years if we have positive income from other sources?

Eg Income (Business) -101000
Income (IFOS) 80000


Plz Reply As soon as possible as it is urgent???????

How to calculate tax liabiltiy and interest on pursual of Assessment order of A/Y 2005-06

AA LTD IS RUNNING A HOTEL IN INDIA AND HAVE A CONTRACT WITH AN AGENT IN USA TO BOOK THE ROOMS FOR THEIR CLIENTS IN INDIA.

FOR THE SAME THE USA AGENT WILL GET AN A 5% COMMISSION ON THE BILLING AMOUNT FROM THE HOTEL.

WHETHER THE TDS WILL APPLY? IF SO WHAT RATE?

the assesee sold factory land and building of a proprietary concern which was closed since last five years. cost of land and bldg is seperately shown in books. whether sale of land would be taxable as long term gain with indexation and bldg taxable as short term gain at deemed WDV u/s 50C(as unit closed for 5 years)

Hi frnds,
As it is known that tax liability of charitable institutions is calculated same as to individual but my question is can charitable institutions avail the basic exemption limits as availed by individuals?

Dear All,

I have recd my Form-16 but there is a error that while calculating taxable salary they did not consider rent paid so no HRA deduction is given and just coz of that my tax liability is increased by Rs 6k.

So is there any alternative way by which i can save this tax amount?

one thing to be noted that i have left that organization (ICICI BAnk) and they denied to make any change in Form-16.

Hi,

I want to know how to change the IT/PAN jurisdiction from Mumbai to Delhi?

Some time ago I submitted the PAN update form to change the address to Delhi and a spelling correction. That has been done successfully, however the jurisdiction did not change automatically as someone said it would!

Please let me know.
Thank you.

DEAR SIR/MADAM

1. AN ASSESSEE WAS TAKEN LOAN FROM SUNDARAM FINANCE FOR PURCHASE OF LORRIES HE IS PAID EVERY MONTH E.M.I. INCLUDE INTEREST IF THIS INTEREST IS PAID WHOLE OF THE YEAR IS ABOVE RS. 5000/- ASSESSEE IS LIABLE FOR DEDUCTING OF TDS ON THE AMOUNT OF INTEREST PAID TO SUNDARAM FINANCE IF ITS MANDATORY PLEASE TELL ,

2. IF ASSESSEE IS NOT DEDUCT ON PAYMENT OF INTEREST TO SUNDERAM FINANCE IS IT DISALLOWANCE AT TIME OF STATEMENT OF TOTAL INCOME PREPARED , IF IT IS DISALLOWED PLEASE TELL WHICH SECTION IS DISALLOWED.

THANKS IN ADVANCE

Dear Friends,

how is the taxation of Real Estate business(purchase & selling of plots) of a firm Computed?

whether benifit of capital gains applicable or not?

whether it is considered as a business? and the profit arrived after deducting all expenses is taxed?

please urgently help me fellas..

thanx in anticipation.