hi all
I have purchased computer for Rs.50000 in my business. The payment has been made in CASH.Which is a capital expenditure.

Does this amount disallowed ?

sir /madam
if a person is share broker or sub broker and he is dealing in share market .is tax audit is applicable on the basis of profit or sell or purchase transaction. If we take Sell or purchase value for audit then it may be that the limit of 40lakhs will cross in a day . please clear the matter ASAP

sir/madam
if a lady get a compensation by the order of court during the case of divorce then by which it will be taxable in the hand of lady. whether it is taxable or not with reason
thanks

Printing visiting card, name board, for this work TDS is applicable, if they give a bulk order.

What is the exact meaning of lineal ascendent and lineal discendent in respect of gifts received from relatives? pls let me know this quickly..

M/S XYZ is a partnership firm exclusively engaged as Direct Selling Agent (DSA) of vehicle loans of a Bank. The Gross Receipts of the Firm is Rs 60 Lakhs (App) during the FY 2006-07. As Per scrutiny guidelines of CBDT for FY 2007-08, under para 2(xiii), "All cases of professional with gross receipts of Rs 20 Lakhs or more if total income declared is less than 20% of Gross Professional receipts.""
The question is "Is M/S XYZ is a professional firm falling under criteria 2(xiii)of Scrutiny Guidelines or it is not a professional firm?

do a charitable trust running a school having a turnover of 40 laks + , will tax audit be applicable to them ( sec 44AB). the turnover of the trust is 6120000

Hi.. I came before with a case..please read..

Facts...
Mr.X is a father of NRI son..He gave his dad a certain sum, which was invested on urban lands in the name of Mr.X and Mrs. X. Later Mr.X & Mrs.X had sold out those lands as individual plots,by making land marks and some earth works done. A part of the amount received was again invested in vacant lands. (The whole process was done within 12 Months)

My Query is:

What will be the tax implication and what steps should be taken for Tax planning?

1.I have given advance towards expense for more than 20,000

2.I have made advance payment of more than 20,000

does above two cases are disallowed ? explain with provision if possible

What is the procedure for filing the annual TDS return ?
Plz reply in details ?