Income Tax QnA [Resolved]

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Buddappa

This Query has 3 replies

31 December 2007 at 09:48

Mutual Fund

Whether the investment in Mutual Funds are taxed after maturity ?? OR whether Deferred tax will be applicable MF ??

pankaj

This Query has 1 replies

31 December 2007 at 09:48

TDS on payment to government

Do we need to deduct TDS on payment to government...specifically sponsorship to indian navy for new year ball ?

SANJAY

This Query has 1 replies

30 December 2007 at 21:15

Dear Sir/Madam,
A company paid participation fees for Pakistan Book Fair amount is USD550.Now I want to ask whether TDS should be deducted by the company u/s 195 or under any other section?

Please reply soon and give the relevant provisions justifying your view.

Thank you.

G.SUNILKUMAR

This Query has 2 replies

30 December 2007 at 11:05

life insurance

What is the exact meaning of the explanation to sec 80C(3)with regard to actual capital sum assured. It will be appreciatable if explained through some arithmatic figures

G.SUNILKUMAR

This Query has 2 replies

30 December 2007 at 11:00

life insurance

Please refer sec.10(10D)(c) wherein it is stated that any sum recd from insurance policy is taxable. My doubt is whether can we exclude the amount of premium paid from the maturity proceeds for taxing purpose.

T.S.Mohana Harish

This Query has 5 replies

29 December 2007 at 17:37

Regarding Calculation

How to Calculate interest U/s 234 B& C in income Tax Act ?

Mittal

This Query has 1 replies

29 December 2007 at 16:31

DUPLICATE PAN CARD OF HUF

Sir/ Madam,

There is one HUF having PAN Number issued. Now the karta has died. And there are three members (all females) in HUF:
WIFE
TWO FEMALE DAUGHTERS

As per law the HUF will continue be there as before the death and his wife will become Karta of this HUF.

Now the pan card of HUF has been lost.
My querry is that who will sign the form of Duplicate pan. And what proofs to be shown that the karta has been changed.

Thanks & Regards
Suresh Mittal

G.SUNILKUMAR

This Query has 3 replies

29 December 2007 at 13:30

life insurance

WEF 1.4.2003, the maturity of all life insurance premiums paid in excess of 20% of the sum assured are taxable. Please expain me in context of section 10, whether the entire maturity amount is taxable or only the difference between the maturity amount and the premium paid is taxable.

ASHISH MITRA

This Query has 3 replies

29 December 2007 at 13:22

Chapter XIV- Return for assessment.

could you pls tell me how to prepare the sections based on the return of income viz, SEc.139 to SEc.158.

Hira Singh Bisht

This Query has 3 replies

29 December 2007 at 11:34

Filling of TDS return

whether Filling of TDS return(quarterly/monthly) is compulsory if no TDS was deducted in such quarter/month because there was no liability arises to deducted the TDS.