Hi all,

If an organisation is providing uniform to the employees and gets it back once they leave their job, is the company liable to pay FBT on the money spent? Also please quote the section where i could refer.

hello friends,
can you tell me what is the difference b/w under 80DD,80DDB & 80U

Is FBT payable on the amountreimbursed by the employer in a year of Rs.5.43 lacs

Can anyone tell me please which "Assesment year of Income" will applicable for Nov 2008 final Examination?
It's very urgent.

Dear friends,

I Have a Query on TDS. Looking for a Quick n Correct Reply from any of my all brilliant n genious frends.

A Private Ltd. Co. has Deposited the TDS (on Directors' Salary) thru a advance tax challan in the name of Company (metioning PAN of the Co. there in) instead of a TDS Challan (which should have been deposited by the co. mentioning there in the TAN of the Co.)

The Co. has communicated wid d Concerned Authority in IT Department. n they replied its none of the matter to be considered by IT Deptt.. & d Co. Should communicate wid NSDL for further assistance.

Pls Reply ASAP.

Thanx n Regards,

CA Naveen

house keeping charges is liable to fbt?if yes then what rate?

Tell me the provisions of Income Tax Act regarding set-off of carried-forward losses E.g. in the year in which loss under the head House Property is incurred it can be set-off against any head but after it has been carried forward, it can only be set-off against Income from house Property. Do the other heads have such limitations regarding set-off of carried-forward losses?

A partnership firm has a taxable short-term capital gain of Rs.100,000 during AY2008-09. The firm shows a sale of asset on 31.03.2008 to one of the partners: W.D.V. of the block of asset Rs.300,000 and sale price of part of the asset Rs. 50,000. The block of asset exists. The firm sets off the short-term capital gain of Rs.100,000 with the short-term capital loss Rs.250,000. The sale transaction is not a mere book entry because the firm has received the payment from the partner which is also reflected in the bank statement. Is this Tax Evasion or Tax Planning?

Hello,
Everybody , can Friends u tell me what are the provisions are relateds regarding Int. Rev. From FD and Sum Recived on Maturity of LIC Thanks In Advance

As per depreciation chart I can claim 80% depreciation on windmill(Renewed energy device).

Can I claim additional 20% depreciation as per Section 32

(iia) in the case of any new machinery or plant (other than ships and aircraft), which has been acquired and installed after the 31st day of March, 2005, by an assessee engaged in the business of manufacture or production of any article or thing, a further sum equal to twenty per cent of the actual cost of such machinery or plant shall be allowed as deduction under clause (ii) :