Respected Sir,

If one employee had a job in a company for 1 month & 12 days and he is getting 2000 per month as Transport allowance and at that time he got rs. 2775{2000+(2000*12/31)}
then how much amt will be exempted for him u/s 10(14).
800 or 1600 or Proportionately i.e. 1109 {800+(800*12/31)}.

Regards,
Anil Jain

RESPECTED SENIORS, FRIENDS.


IN ONE OF MY CASES AUDIT REPORT AS REQUIRED U/S 44ab IS OPTAINED IN TIME AND THE RELEVANT REPORT IS YET TO BE FURNISHED. THE STATUS OF THE CLIENT IS INDIVIDUAL. CLARIFY WHETHER 271B IS ATTRACTED. KINLDY DONOT TELL JUST OPTAINING THE RPORT BEFORE 30/10 IS SUFFICIENT. AS IN THIS CASE THE RELEVANT RETURN IS YET TO BE SUBMITTED. PLEASE LET ME HAVE YOUR VALUEABLE REPLY

Hi,
If someone has Deposited TDS on Self Assessment Tax challan then what are concequences and remedies

DEAR SIR

ON THE BASIS OF ABOVE CIRCULAR ONE PARTY GIVEN US A CERTIFICATE FOR DEDUCTION OF TAX AT SOURCE ARE NOT APPLICABLE TO FOREIGN SHIPPING COMPANIES OR THEIR AGENT IN RESPECT OF PAYMENTS MADE ON ACCOUNT OF CARRIAGE OF GOODS IN INTERNATIONAL TRAFFIC

IS IT CORRECT ?
WE HAVE TO DEDUCT TDS OR NOT FOR THE FINANCIAL YEAR 2007-2008 PLEASE TELL US

WHAT IS THE STATUS OF THIS CIRCULAR IN FY 07-08 MEANS SOME CHANGES MADE IN THIS CIRCULAR OR NOT

MY MAIL ID IS rajesh_bajaj1234@rediffmail.com

Thanks in advance
Rajesh

If i have quoted AY 2006-7 on challan of TDA deducted for FA 2007-08 what are the consequences and how can we rectify.

Due to change in the valutaion of RFA will the return of income is required to be to be revised ?

I had just read a detail conversation that as per circular to ITO now daily transaction in share market not for dividend just for earning profit will be taxable as business income can any body can tell me where is that detail or send me that circular on kirti_ganatra@yahoomail.com or give detail of this circular by reply

Waiting for replies

Where a partner brings in his land and building into partnership as his capital contribution,which section would be attracted 45(3) or 50C ? Why ?

Mrs X had purchased land before 1.4.81 and constructed building on it(Grnd + 2). Her sons formed a partnership firm in say year 2000 for constructing additional 3 floors by acquiring a TDR from XYZ ltd.Mrs X passed away in the year say 2004 and by will the property passed in favour of her sons.Now they have retained the 1st floor for their residence and the rest have been sold in the year 2006. so my question is:-
a)how do i calculate capital gains tax ?

b)the firm in its B/S shows that it follows Project completion method but have not recognized revenue according to the said method so far and the land and the buld is not trf to firm. so should partners trf asset at book values and then calculate capital gains tax or.....?

Plz help me out with this query of mine ASAP!!!

Assets has been puted into the floor of factory,but no commercial operation is yuet started .Can I claim the depreciation.AO is questioning on Put To use.