A Assessee has disallowance under section 40a(ia) of the income tax and Rs. 50lacs has been added to the income and demand notice has been issued.how can I take relief from the above? is there any judicial pronouncements providing shelter from this section.Please mention

Hello Professional Colleages

One of my client who runs hospital under charitable trust also recognise by MCI as well state university for medical courses such MD, MS, DGO, Mch i.e. post graduate medical courses.
Those who qualified MBBS and wants to become specliasied doctors then to get admission in Post Graduate Courses and then hospital pay them Stipend fixed by STate Government which comes averagely rs. 8000 to 15000 pm so this amount is taxable in the hands of resident doctors if yes then what liability of trust arises and how to resolve it.
pl. send your comments at the earliest on my email.
thanks

ca ramesh k m

MY WIFE WOULD LIKE TO BUY A NEW CAR ON BUY BACK SYSTEM (9 LAKHS-1 LAKH FOR OLD CAR) ON FULL PAYMENT BASIS WITHOUT AVAILAING VEHICLE LOAN. WE HAVE AN ACCUMULATED BALANCE OF 4 LAKS, BALANCE 4 LAKHS ARE TAKING LOAN FROM HER SISTER THROUGH BANK A/C. IS THERE ANY CHANCE OF IT SCRUTINY. BOTH THE AMOUNTS ARE ACCUMULATED BALANCE LYING IN BANK ACCOUNTS.WHETHER WE HAVE TO KEEP ANY RECORDS FOR LOAN TO BE TAKEN FROM SISTER

Dear Sir,
One of my client had opened a Drug store in a Charitable Hospital with a contract that half of the net profit(after all expenses) will be paid to the Hospital.
There is no fixed minimum amount that will be paid to the Hospital.The amount to be paid will be calculated from the audited balance sheet of the Drug store.
Now the Query is:-
1)T.D.S. to be deducted under which section rent or contract
2)Admissibility of the contract fee paid to Hospital under I.T Act.

Thanking You

in case of a company who is availing tax holiday under section 80ic/ib/ia,is it necessary to make dtl,keeping into consideration that company is in a tax holiday(and there is no requirement to maintain any dtl and i know that there is no cash inflow in this case)with supporting reasons in detail.

is it necessary to pay all direct taxes i.e., TDS, Advance Income Tax, Advance FBT, Self Assessment Tax ... etc through on-line from 01-01-08?

Dear Sir,
Please let me know whether as a Company we have to deduct TDS on the fees we pay to various Forumsfor attending Seminars held by them
Thanks
regards
Swati

A Public Ltd., company registered in 1994 has not submitted IT return till now since no business was commenced - ROC nil annual return has been filed. Is it correct or whether the company has to file with IT.If yes for how many years it has to file?( 6yrs or for full 13 yrs.)

A Public Ltd., company registered in 1994 has not submitted IT return till now since no business was commenced - ROC nil annual return has been filed. Is it correct or whether the company has to file with IT.If yes for how many years it has to file?( 6yrs or for full 13 yrs.)

Hi its me Ahsan Mansoori,

A trader in goods, issue sales invoice along with freight amount included in the same, can the customer deduct TDS on purchase freight paid on such sales by trader,

If yes whether the payer of such freight should be a non individual(i.e)company or Firm.

and for which freight payment should be more than Rs.20,000