Sir,

We are a IT company. We are having a contracts with a prop. concern for creative designing to be further used for our software products.

Now they are serving us under a proper contract.

While making payment to them should we deduct TDS under 194C or 194J ??

Pl reply soon.

Subhash Jha

Hi all,

I have a question related to capital gain:
What if a father buys a land with in the local limits of delhi/ncr region in his own name but the money is paid by his daughter, Now to whom the capital gain will arise if the property is sold if the registry is in the name of father.

Pls reply asap to richarsharma@gmail.com
Thanks

A proprietorship firm providing entertainment services raised 4 bills for fee aggregating rs. 20 lacs and service tax thereon rs. 2.5 lacs (approx.) in F.Y.07-08.Entire 22.5 lacs was realized in F.Y.2007-08 itself. It credited rs. 20 lacs to profit & loss account and showed service tax rs. 2.5 lacs payable on liability side of balance sheet.It failed to pay service tax liability till filing of Income tax return due date i.e. 30th Sept. 2008. my query is
Since service tax is not routed through profit & loss account of the firm ,is the outstanding service tax amount (which is realized but unpaid till return due date )is liable to be added to taxable income u/s 43B.if yes, under what proviso ?

1.I invested Rs.2,50,000/-in the equity shares of a Private limited company in the year 2005-06 from my savings from salary income and other savings.
2.Now that private limited company is received the Scrutiny order from the Income tax department for the years 2005-06 on wards.
3.Now that company is asking me to produce my personal balance sheets and Profit&Loss account explaining the source of income for that 2,50,000/-
4.since no need to maintain the books of accounts.I have not maintained any books for the years 2005-06 onwards.
5.for the FY2007-08 only i filed my first income tax return.
6.can any one please help me what i need to tell to that private company.they are asking me to produce the Balance sheet for the year 2005-06.
7.I am salaried employee.I don't understand why i need to maintain Books of account like balance sheet and P&L.

Sir if the director Directly deposit the amount in the Bank of the co. without account payee cheq.(some how Rs 40 cr).& the co. remitted the whole amount by way of account payee cheq.
Is this transaction will attract the above sec.

My father-in-law desires to gift a large sum to my minor daughter. The amount has already been taxed in his hands as income.

I would like to know whether this amount is likely to be taxable in my hand.

Alternately, can he gift this amount to my HUF / my wife.

Sir,

I am a salaried employee.

How much i can get benefit for fees paid for my MBA from SYMBIOSIS (an UGC approved university)? & under what section?

Thanks

Subhash Jha

hello friendz
plz tell me whether ded.u/s 54 EC is available against short term capital gain also besides long term
bcoz word given is"any capital gain"
thankx

can purchase cost of spectacles be considered under medical reimbursements? if so, is there any limit. Can I purchase one spectacle frame for Rs.15000/- and claim reimbursement?

Can a Salaried Individaul take Both HRA Exemption & Home Loan Intrest deduction?
If Yes ,How?

I am talking of two different houses, one where person is living for employment reason and another house where his family living.