While computing income Under Head House Property, if we are given two self occupied and one let out property then which of the two self occupied is deemed to be let out.
1) whether any house can be taken as selt occupied.
2) whether it is to be decided on tax saving basis.
pls reply in detail.

Sir,

I am working in software industry, we are buy & Selling package software, while paying to vendor we were deducting TDS@11.33%.

Now vendor is claiming, we should not deducted TDS on VAT or CST purchase only if there is service tax component in the invoice, then we need to deducted TDS@11.33%

We don't have any agreement or rate contract with vendor.

Please guide on TDS deduction.

Regards
Rushikesh.Pasar

Whether Prior period expenses is allow as a deduction under Income Tax Act?

If Yes than how can????
If no pls speccify appropriate section or circular

Sir,

I am working in software industry, we are buy & Selling package software, while paying to vendor we were deducting TDS@11.33%.

Now vendor is claiming, we should not deducted TDS on VAT or CST purchase only if there is service tax component in the invoice, then we need to deducted TDS@11.33%

We don't have any agreement or rate contract with vendor.

Please guide on TDS deduction.

Regards
Rushikesh.Pasar

CAN ANYONE PLEASE GIVE ME THE BASE FOR COMPUTING THE INCOME FROM THE SHARES SOLD DURING THE YEAR ( WITH IN 12 MNTHS )AS S.T.C.G OR BUSINESS INCOME SUPPORTED BY ANY CASE LAW ( IF ANY ).

Please provide the guidelines for the main points are :-
Exemption limit
Taxable Limit

Dear Experts,
Request to please provide the notification number and date under which TDS Provision pertaining to March'08, if paid till filing return is allowed as deduction for F.Y 2007-08.

Thanking You,
Amit

Hi,

I have purchased Email Hosting and Domain Name from a company.

I want to know whether I have to deduct TDS while making payment to this company.

Cheers,
Dhiraaj

if the amount of a bill partly comprises of professional charges and the rest amount is for reimbursement ,then on which amount tds willbe deducted ?

A private ltd company which is registered in 1990 specializes in repairs /servicing &
manufacture of spares for turbines. One of the four promoters is the chairman of the company. The paid up capital of the company is Rs.2,05,000.
The free reserve in p/l A/c as on 31st march 2008 is Rs.24,00,000. The company does not have
any immovable fixed assets other than regular Plant & Machinery. The company is running its
business in a factory land & buiding on rent which is owned by the chairman of the company.
The estimated market value of this land & building is Rs.2,00,00,000. The current turnover
of the company is around Rs.1 Crore. The company has very good potential in improving its
turnover to Rs.10 to Rs.15 crores in the near future. The company is in need of funds for the
expansion. The company has only overdraft facility of Rs.75,00,000. There are investors &
other financial institutions to fund the growth but looking at the financials they shy away
indicating that the promoter's contribution is too low & the company does not have any
immovable properties

The chairman wants to transfer the land & building which is in her name to the company. How to effect the transfer. what is the accounting treatment.