Income Tax QnA [Resolved]

All Resolved Open

Abhi123

This Query has 3 replies

08 August 2007 at 07:02

Society running a school

1. Tax Liability and Tax Slab (Gross Receipts including donation is around Rs. 10 Lacs)

2. Whether Audit is compulsory

3. Whether Filing of return is complusory if net surplus is less than Rs. 1 Lacs

Zameer Shaikh

This Query has 5 replies

08 August 2007 at 05:11

TDS and service tax

i just want to ask whether, while calculating TDS, do we calculate it on amt that includes Service tax or is net of service tax

CA Riddhi Vora

This Query has 8 replies

08 August 2007 at 02:34

TDS on Stipend

Hi,

TDS on stipend should be deducted under section 192 (Salaries) or under section 194J (professional fees)?

Regards,

Riddhi

P.R.VITTAL RAO

This Query has 1 replies

08 August 2007 at 00:20

INCOME TAX - u/s 12a(a)

I am working in a Educational institution registered under 12A(a) of IT act. All the amounts in excess 15% of income are invested as per sec 11 and 12 of IT act and used for the purpose for which the institue is established. I would like to know whether this registration is enough to claim income tax exemption or is there any specific certificate to be obtained for tax exemption. please clarify.

kamal agarwala

This Query has 5 replies

07 August 2007 at 23:58

Trust due date

what is the due date for trust to file a return if gross receipt exceeds 100000 before giving deduction U/s. 11 & 12? and is there is any need to file a return if GR is 22000/-

Sindhu

This Query has 1 replies

07 August 2007 at 12:01

MARGINAL RELIEF!!!!!!!!!!!!!!!!!!!!!!!!!!!!

FOR A WOMEN RESIDENT ASSESSEE UPTO WHAT EXTENT IS THE MARGINAL RELIEF APPLICABLE?

IF SHE HAS A SALARY INCOME FOR WHICH SHE WOULD BE ELIGIBLE FOR MARGINAL RELIEF AND FURTHER BECAUSE OF THE CAPITAL GAINS IF HER INCOME JUST CROSSES THE MARGINAL RELIEF BORDER THEN HOW TO GO ABOUT COMPUTING THE TAX FOR THE SAME ASSESSEE?

Sindhu

This Query has 3 replies

07 August 2007 at 11:56

UNIFORM ALOWANCE

providing fixed amount as Uniform allowance to the employees is better or reimbursement of the uniform expenditure better from the employer point of view for thepurpose of tax benefit?

further is there any way to rule out FBT on the uniform allowance?

sanathkumar

This Query has 7 replies

07 August 2007 at 10:23

TDS on service tax

While making payment U/S 194C(contracts)
Whether TDS to be made inclusive of service tax.
Sec 194C says TDS to be made on either the amt credited or paid which ever is earlier.