If a company paid only one instalment of advance tax of rs 11,00,000 on 16.03.08. Having tax liability after complition of assesement in september Rs 10,50,000 then is the intrest under sec. 234B will be for entire period of 6 month or there will be any relaxation, as advance tax paid till 15 march is nill. Is such advance payment is considered in calclation of intrest u/s 234B and C

GOOD MORNING. MY QUERY AS FOLOWS:

WE ARE HAVING A SHED IN MUMBAI AND PURCHASED ONE MORE LAND AND BUILDING IN ANDHRA PARADESH. NOW WE ARE PLANNING TO SELL THE SHED AT MUMBAI AND WANT TO INVEST THE COMPLETE SALES VALUE OF THE SHED IN CONSTRUCTION OF ADDITIONAL BUILDING ON THE NEW PLOT/BUILDING PURCHASED IN ANDHRA PRADESH.
WE WANT TO KNOW THAT ANY INCOME TAX IS PAYABLE ON THE PROFIT EARNED FROM THE SHED SALES.

WHAT INFORMATION WE HAVE IS THAT IF THE SALES VALUE IS INVESTED IN NON MOVEABLE ASSETS THAN INCOME TAX IS NOT PAYABLE. PLS CLARIFY

THANKS

D.K.SHAH

If a person earns money from a limited co.
inrespective of letting out a house.where such co. runs a commercial activity.

so as per your view assesse should treat it as income from other source U/S 56(1)[which says income from letting out the building] or treat as income under the head of house property.

whether the compulsory acquisition by the local bodies like improvement trust etc.(state owned bodies) are covered under the compulsory acquisition u/s 10(37)

my assessee went to abroad on company work.
for filing his return how can we get the signature from him to file the acknowledgement ITR-V
He does not have the Digital signature
can any one advise me?

hi friends,
Can anybody tell me how can one introduce capital while filing his return first time? What could be the sources of capital?

Dear Sir,

Our Company is going to organise Get Together Event of employees for that we have hire a hall for one day
We have to make advance payment of Rs 30000/- to Owner of the hall is TDS is to be deducted if yes under which section 194C or 194I

Regards

Ravi Konda

Hi, What is the tax treatment in the hand of employee and employer if cause of breach of contact, employee is required to pay some amount to employer.

For example, if employer sends employee on a project and get the bond singed as per which, if employee left the organisation before sepecifed perioed, he/she will be resposible to pay fix amount to employer. In that case what will be the tax treatment of amount paid by emplyee to employer in the hand of employer and employee. Please advice.

Hi, What is the tax treatment in the hand of employee and employer if cause of breach of contact, employee is required to pay some amount to employer.

For example, if employer sends employee on a project and get the bond singed as per which, if employee left the organisation before sepecifed perioed, he/she will be resposible to pay fix amount to employer. In that case what will be the tax treatment of amount paid by emplyee to employer in the hand of employer and employee. Please advice.

What is the unit life insurance plan (ulip)& what benefit we can get by insuring it ?