As per the rule 6DD(k) payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person is not covered U/S 40A(3).

My question is the if the aforesaid agent makes cash payment above Rs. 20000, then weather such expenditure is allowed or not?

Thanks

Kunal Agrawal
kunalagrawal@aol.in
+91-99295-03735

As per the rule 6DD(k) payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person is not covered U/S 40A(3).

My question is the if the aforesaid agent makes cash payment above Rs. 20000, then weather such expenditure is allowed or not?

Thanks

Kunal Agrawal
kunalagrawal@aol.in
+91-99295-03735

please tell me how the interest received on fixed deposits or term deposits from banks is dealt in I.T return of an individual if the same(interest) is reinvested(or included)in the f.d amount and the f.d.is extended for another term(say extended for another 5 yrs)......also for which year and when the interest income will be recognized......pl mail me at rishabh_mishra35@yahoo.com

Whether the unit falling under any of these sections is eligible for a 100% deduction or 90% deduction? Mail me any supporting which u have on anuj4126@rediffmail.com.

There is an act in India named Gift Tax Act, 1958. Any gift exceeding Rs. 50,000 during the year is chargable to tax under secion 56 (2) (vi)of Income Tax Act, 1961. Is is also taxable under the Gift Tax Act, 1958? Which gifts are taxable under Gift Tax Act, 1958, if they are made by Indian Resident to other Indian Resident? or by NRI to Indian Resident? or by Indian Resident to NRI?

There is an act in India named Gift Tax Act, 1958. Any gift exceeding Rs. 50,000 during the year is chargable to tax under secion 56 (2) (vi). Is is also taxable under the Gift Tax Act, 1958? Which gifts are taxable under Gift Tax Act, 1958, if they are made by Indian Resident to other Indian Resident? or by NRI to Indian Resident? or by Indian Resident to NRI?

If I sold a house within 3 years from its purchase and invest the same amount in purchase a new house whether it will be treated as gapital gian.

Dear Sirs,

Please reply following queries in purview of Sec. 40(A)(3):

1.)If a co. pays advance to its employees for expenses in cash more than 20000 in a day and debits it to Advance A/c then is this expense allowed under income tax?

2.) If a co. pays advance to its employees for expenses in cash more than 20000 in a day by single voucher and debits it to Advance A/c then is this expense allowed under income tax?

From where can i get the ward number for filing my personal income tax return?
My Company name starts with letter L & filing for the first time & it is everybody's first return in the company?

Could I claim interest on loan taken for purchase of land/plot as deduction Under the head Income from House property?

Thanks
Shashi