A person sold a house and with in the said period he invested in oder to get exemption u/s 54. But he bought a house not in India, but outside India. Can he get exemption? If no.. is that particularly mentioned/stated in the Act, that the newly bought residential house must situated in India?
Also what if the house sold situated outside India and the bought house was in India?

Note: Assuming all the relevant claims have satisfied by the Assessee.

The assessee had made defalult in deducting TDS for payment made to a contractor. Subsequently the co had debited the expense a/c and credited TDS payable a/c with the TDS figure for avoiding disallowance. Whether the co is eligible to claim such TDS payment as their business expense

I want to receive Rs.100000 as gift from my married daughter.Does the term lineal descendant include female child also as per section 2(41). Infact the word any has been used in section 2(41) but is it necessary to examine the provisions as per Hindu law.

Can somebody provide me latest TDS rate for the A.y. 2008-09.

Hi,

i am avinash from thirdbinary an outsourcing firm based out of chennai. i am looking out for CA who have strong expertise in Direct taxation for our client who is one of the big 4.

now on wat basis should i search for guys for this revelant position in Direct taxation which starts from the Exe level till the Mgr level.

and where can i find guys with relevant experiences in this field.

pls help me it is urgent

dear sir,
I have an online website. and i am selling gaming application's on the net.

Its been Six month's since i have started.

When should i pay my taxes.

Is it necessary for me to register a company or should i pay my taxes as individual.

I need a chartered accountant to help me with my taxes.

Thank's in advance for helping me.
Thank's and Regard's
ritesh

Dear Sirs,

I would like to know the procedure for converting a pvt ltd co into partneship with the same shareholding pattern.

There are accumulated reserves in the company which has to be transferred to the shareholders who would be the ultimate partners of the new firm. Is there any way out to avoid Dividend Distribution Tax , as the money is still going to remain in the business.

And further will the transfer of the assets attract capital gains ?

Sir,
I have a brought forward business loss for the Previous Years 2003-04 and 2004-05 totalling Rs.2.82 Lakhs and the returns for both those years were filed within the due dates of filing of returns u/s 139
But for the Previousyear 2005-06 I have not yet filed my retruns and I have a taxable business income of Rs.1.8 Lakhs.

1.Can I set off Rs.1.8 Lakhs income(P.Y.2005-06) against the brought forward loss Rs.2.82 Lakhs (earlier years duly filed)?
2.Can I carry forward(though I have not filed 2005-06 returns till date and file the returns now) the business loss of Rs.1.02 Lakhs (2.82-1.8) as the loss pertains to earlier year losses duly brought forward till 2004-05.
3.I am of the opinion that Section 80 does not restrict the carry forward of earlier year losses and also does not restrict the set off of previous brought forward losses though returns are not filed in due date for current P.Y.
Please help me

If employee incur some expenses for tea & snacks, out of office (not on food like lunch or dinner)

The nature of expenses incurred on tea & snacks are staff welfare, but I want to know, whether this amount is also applicable for FBT or not ? especially talking about the tea & snacks not about the food.

Please tell me in brief that what type of expenses related to staff welfare are covered under FBT ?

Whether interest payable on loan taken from banks for construction of a house on the land owned by wife, can be claimed as deduction under section 24 of I.T.Act by the husband in his personal return? Is it necessary that the land must be owned to claim deduction of interest payable on loan taken for construction of house?