CA Jitendra Kothari
This Query has 1 replies

This Query has 1 replies

Dear Expert,

I have invested money in SIPs on an annual basis for the purpose of S-80C. I would like to know what will be the tax implications when the money will be redeemed after a lock in period of 3 years or when i sell the units after the lock in period?


CA Hemant T Dewani
This Query has 1 replies

This Query has 1 replies

25 July 2008 at 11:35

194J FEES PAID TO PARTNERS

4 DOCTORS ARE MAKE PARTNERSHIP FOR HOSPITAL PROFESSIONAL FEES PAID TO EACH DOCTOR OF RS.250000/-AS A VISIT FEES IN THE HOSPITAL & CONSULTING FEES ALSO WHETHER TDS IS TO BE DEDUCTED ON VISIT FEES OR NOT HE IS ALSO A PARTNER IN THE FIRM


vikash
This Query has 2 replies

This Query has 2 replies

25 July 2008 at 11:20

Capital Gain (urgent)

Dear Sir
Plz cal Capital Gain as detail is as follows
Purchase date-18-06-07
Purchase Price-485000
Stamp fees-29100
Puchase Comm-29100
Sale Date-09.01.2008
Sale Price-650000
Stamp fees-45500
Sale Commission-27500
it`s urgent plz help me
thanks


mint
This Query has 1 replies

This Query has 1 replies

Hi

could you Please provide me the step to calculate the deffered tax liability and assets calculation.


Anil
This Query has 3 replies

This Query has 3 replies

25 July 2008 at 06:06

AIR of ITR

One of the information asked in Shedule AIR(Annual Information Return) of ITR.s is - Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person.



My question is :


1)Does cash deposits include cheque deposits / Online transfers also ?


2)There are people who draw Net salary more than ten lakhs per annum which gets deposited into their SB Account. In such case do they have to disclose the salary amount so deposited into SB Account?



Please quote reference of books/sections/rules/case laws/websites if possible.


Thanks.


Guest
This Query has 3 replies

This Query has 3 replies

24 July 2008 at 23:21

Payment U/S 40A(3) [ Rule 6DD(k) ]

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


Guest
This Query has 1 replies

This Query has 1 replies

24 July 2008 at 23:21

Payment U/S 40A(3) [ Rule 6DD(k) ]

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


Guest
This Query has 1 replies

This Query has 1 replies

24 July 2008 at 23:20

Payment U/S 40A(3) [ Rule 6DD(k) ]

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


Rishabh Mishra
This Query has 2 replies

This Query has 2 replies

24 July 2008 at 20:43

regarding interest

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


Anuj Tiwari
This Query has 1 replies

This Query has 1 replies

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.






CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query