As i am Tours & Traveling company ,iam paying to GUIDER >Rs20,000(cash payment).wheather this Expenditure is disallowed(As per Sec 40A(3)) r not.

My client who is a residend women below 65 yrs of age.Her Income for A.Y. 2008-09 consist of Rs. 3.00 lacs from long term capital gains eligible for special rate of tax u/s 112 & Rs. 3.00 lacs from short term capital gains eligible for special tax rate u/s 111A. She has no other income. She has also made investment of Rs. 1.00 lac for claiming deduction u/s 80-C.
Please compute tax liability.

My client who is a residend women below 65 yrs of age.Her Income for A.Y. 2008-09 consist of Rs. 3.00 lacs from long term capital gains eligible for special rate of tax u/s 112 & Rs. 3.00 lacs from short term capital gains eligible for special tax rate u/s 111A. She has no other income. She has also made investment of Rs. 1.00 lac for claiming deduction u/s 80-C.
Please compute tax liability.

my client shop in JHV Mall Varanasi,maintanace charges @20/- per s.f. mall manangement tack service charge on maintance bill .kya maintance per service charge lagega.

2- kya maintanance per T.D.S. Lagega'pls guide me

can co-operatives societies like "souharda"as they are called who are mainly engaged in providing credit facilities to its members can claim sec 80P under the income tax act from A.Y.2007-08.( as far as a plain reading of the act goes it looks like we cant . but i have come across a lawyers elaborate explaination saying it can be claimed)

hello, in the income tax act in terms of person there is a mention of "Local Authorities" . does it mean only municipal corporations or does it include other institutions?

one of the conditions of sec 10B is repartriation of sale proceeds to india in 6 months. but in case of a indian subsidiary(software developers) who transfers all the software developed to its foreign parent company who in turn sells it to outsiders, there wont be any repartriation of sale proceeds. in this case will sec 10B apply here.
the subsidiary company gets money from parent company towards expenditure
secondly is it correct to book income by applying transfer price methods

HI VINIT,

BUT MY QUESTION WAS SINCE THE PROFESSIONAL IS RENDERIN PROFESSIONAL SERVICES BUT THE WORK WHICH I GAVE WAS ON CONTRACT JOB.
THEN IF IT WILL NOT 194J BECAUSE AMOUNT GIVEN TO HIM MIGHT BE FALL UNDER PROFESSIONAL SERVICES RENDERED


SIMA

A Firm consist of 2 partner. one is working partner & another is sleeping partner. The firm turnover is 50Lakhs.

The due date of working partner of firm to file a return is due date of firm ie.30th sep

what about due date of sleeping partner of firm to file a return. Whether it is due date of firm or individual? give the supporting also.

suppose an MR. A has commission income in P.Y 2005-2006 and his TDS has not been deducted by ABC LTD ,then resultantly commission expense will be disallowed to ABC LTD for the P.Y 2005-2006 And same will be allowed in the previous year when he deduct TDS and deposit it into the credit of central govt.(SUPPOSE ABC LTD DEDUCTED TDS IN PY 2008-2009)
Now my question is that can MR.A claim TDS in the subsequent previous year(i.e P.Y 2008-2009) he got TDS certificate from ABC LTD.(Mr. A had already filed his return u/s 139(1) FOR P.Y 2005-2006 AND FOR YEAR 2006-2007 AND P.Y 2007-2008)
PLEASE NOTE THAT REVISION U/S 139(5) IS TIME BARRED NOW.