Gaurav
This Query has 3 replies

This Query has 3 replies


How the individual show the income from Derivative trading in his ITR?


Dharmesh Udeshi
This Query has 2 replies

This Query has 2 replies

13 August 2007 at 07:31

TDS on subscription charges

basis of deducting tds on subscription charges of any data/material...
As mentioned in Sec 194C printed material falls under the purview, is it the same for any electronic data/material(i.e.useful information for business).


Ram Bhuvnesh
This Query has 2 replies

This Query has 2 replies

13 August 2007 at 03:30

Capital / revenue receipt

Kindly clear my doubts about following :

1. In a collaboration agreement with builder , an advance is received by the party before the execution under the agreement. If contract is not executed by the builder and advance is forfeited, what will be the treatment of advance received by the party.Will it be a capital receipt- not taxable or revenue receipt taxable in the hands of party? If the contract is given to some other party subsequently , will it change character of the advance received from the earlier builder ?

2.A security deposit is received from the tenant with a condition that landlord will construct a floor in the market place on his building and let it out to him for a period of at least 3 years on a particular monthly rent.On completion of floor, the tenant does not take the possession and security deposit is forfeited and building is let out to some other party after some time . What will the treatment of security deposit forfeited ?

From
Ram Bhuvnesh
Email- rambhuvneshfca@yahoo.co.in


Sachin Jain
This Query has 7 replies

This Query has 7 replies

13 August 2007 at 00:43

Service tax paid on Rent

Will Service Tax paid on Rent be allowed as deduction while calculating the Exemption U/S 10(13A). If yes, is it mandatory to show service tax seperately on the Rent Receipt? Whether the treatment will differ if it is not shown seperately on the Rent Receipt.( please answer from the point of view of Salaried Person)


sanjeet
This Query has 3 replies

This Query has 3 replies

11 August 2007 at 02:43

Fringe benfit tax

Dear sirs,
My query is about FBT.

Electricity Exp. incured on Guest house.
Is above exp include in repair & maintenance on guest house for the purpose of FBT?


RAJ KUMAR AGARWALA
This Query has 2 replies

This Query has 2 replies

10 August 2007 at 07:07

dealing in shares

a company in addition to normal business activities also purchases and sells shares and mf from market and earns profit the company informs that trading of goods and sale of shares both are business activities and total sale should be merged and thereafeter no question of deriving stcg and ltcg on shares to be separately shown whether the contention is correct. the main business of the company is to deal in coal, coke etc


RAJ KUMAR AGARWALA
This Query has 1 replies

This Query has 1 replies

10 August 2007 at 07:07

dealing in shares

a company in addition to normal business activities also purchases and sells shares and mf from market and earns profit the company informs that trading of goods and sale of shares both are business activities and total sale should be merged and thereafeter no question of deriving stcg and ltcg on shares to be separately shown whether the contention is correct


Mahesh Goyal
This Query has 1 replies

This Query has 1 replies

Dear friends,
Pls, guide that can i charge depreciation on truck which we have given on lease with conditions that title will transfer after 10 years at Re 1 Cost.
Last year we had not charged depreciation, but this year we want claim deprecion on trucks. Can we do that?


BRIJ KUMAR GUPTA
This Query has 1 replies

This Query has 1 replies

08 August 2007 at 08:19

BENIFITS TO PARTNERS

SIR/MADAM
I WANT TO KNOW
IF THE PARTNERSHIP FIRM GIVES THE TAX LIABILITY OF PARTNERS AS BENEFITS THEN WHETHER THE PARTNERS WILL BE BENEFITED WHILE CALCULATING TAX OF PARTNERS


Suraj Agrawal
This Query has 5 replies

This Query has 5 replies

08 August 2007 at 07:45

FBT Issues under Act

Dear All,

Whether FBT will be payable on expenditure on internet connection ( say by DATA card) given on Laptops of employees under Clause 115WB (2)(J) of the Income Tax Act?





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