Why is the exemption limit Rs. 1,50,000(in case of individual other than Resident women and Resident Senior Citizen)? I mean, how such limit is derived? Why it can't be Rs. 1,50,005 or some other figure?
How are these slab rates fixed?

Regards,
Jinesh

Dear All,

Please let me know , whether TDS is to be deducted on Gross amount of bill or excluding service tax?

Hii can anyone explain the difference between the provisions under Section 276C(1) and 276C(2)

Dear Sir/Madam,
which is the last date to pay the TDS of salaried employees

u/s 80c, only tuition fees paid for full time education is allowed as deduction. But if there is no distinction b/w tuition fees & development fees is made on the fee receipt, then how much amount I can claim as deduction?

I would like to submit the copy of judgment in cae of CIT V. Rajiv Udyog 227 ITR 209 (MP) for penalty proceedings. Please mail me, if you have the judgment copy at the earliest.

with regards,

CA.Ganesh K.Shetty

Dear colleagues.
an assessee has only speculation income from share trading. he has received full the profit from the broker by way of chq.
is balance sheet and profit & loss a/c reuired to be given in ITR 4 ?

if yes,his balance sheet shall be NIL? as he does not have any business assets/liabilites like debtor,creditor,stock etc

regards

paresh zatakia

Well i have got the following query in relation to issued of Form 16A

1. In relation to TDS on Contractor payment. What is the time limit for Issue of TDS Certificate?

2.Income Tax Act says that Form16A shall be issued on monthly basis. So whether One FORM16A annually would suffice.?

Can we include Deferred Tax Liability for the purpose of accumulated profits in Sec 2(22)(e)?

Form 3CD specifically ask for reporting for disallowance u/s 40(a)....
Is interest on TDS/FBT/Income Tax gets covered u/s 40(a) and do we need to report the same?