Income Tax QnA [Resolved]

All Resolved Open

Mridulla Mittal

This Query has 6 replies

14 November 2007 at 15:24

Deduction under section 80 C

Whether the deduction under section 80 C for life insurance services availed will be available of the gross premium paid or amount net of service tax if the breakup of the premium charged is mentioned in the Life Insurance receipt.

Navita

This Query has 3 replies

14 November 2007 at 12:20

FBT ON EXCISE PAID

if we have purchased an item of sales promotoion and paid excise on that so,whether we have to pay FBT on aggregate value or value exclusive of excise.

Dushyant Chouhan

This Query has 3 replies

14 November 2007 at 12:17

Deffered Tax Credit & Book Profit u/s Section 115JB

Recently ITAT-Jaipur has given a judgement in the case of Maharaja Umed Mills that Deferred Tax Provision should not be added while computing Book Profit u/s 115JB for the purpose of MAT. Whether ITAT is right in holding that decesion?

Please provide your comments and advice.

Mridulla Mittal

This Query has 1 replies

14 November 2007 at 09:51

FBT - Employees based in India

What is trhe definition of employees based in India under FBT ?

Sachin Jain

This Query has 1 replies

14 November 2007 at 04:31

Allowance paid by company

What will be the tax treatment in the hand of salaried employee for allowances paid by company when he was/is outside the country.

Navita

This Query has 3 replies

13 November 2007 at 14:15

FBT on telephone expenses

DO THE SECURITY PAID FOR GETTING TELEPHONE SERVICES TO MTNL FALL UNDER THE PURVEIW OF FBT.

Adv. S Sharma

This Query has 4 replies

13 November 2007 at 10:30

how to find 234B interest calculator

hi all
plz tell me how can i find the interest calculator on this site?
thx

Sachin Jain

This Query has 3 replies

13 November 2007 at 04:05

Tax treatment of FD

Hi,

I have one FD of Rs.50,000.00 for which i have claimed deduction u/s 80c and now i want to gift it to someone in blood relation.

1. Can i do so?
2. What will the tax treatment in my hand and on the hand of the receiver?
3. Will there be any difference in your opinion if donee encash FD only after the fixed period?

M P Arun

This Query has 1 replies

12 November 2007 at 18:32

URGENT: Carry forward of loss-case law

Sir,
Pls provide me the details of the decisions of IT Cases in the following references towards the carry forward of losses of duly filed returns of earlier years though current P.Y. is belatedly filed
1. 91 TTJ 484 (HYD)

2.86 ITD 412 K.ABU BAKER VS ACIT

This information is required very urgently.

Pushkraj Sathe

This Query has 7 replies

12 November 2007 at 15:59

Lease of land

One of our client has given his land on lease of 99 years to a company for a lease rent of Rs. 30 lacs received in advance.Will this transaction be treated as 'Sale' for Capital Gain Tax ? If yes, Why ? If not,then how the rent should be taken into computation of income.Entire Rs. 30 lacs or Rs. 3000000/99=30303 for the FY 2007-08 ?