ss_radhika
This Query has 5 replies

This Query has 5 replies

How to locate multiple PAN allotted to Company


M. SHIVARAJ
This Query has 4 replies

This Query has 4 replies

25 March 2008 at 14:04

CALCULATION

DIFFERENT METHODS OF CALCULATING THE INCOME TAX PAYABLE FOR A SALARIED PERSON WHILE DEDUCTING TDS


G.N.V.D.Kiran
This Query has 4 replies

This Query has 4 replies

Please clarify Life Insurance Premium paid on Dependent Parents is eligible U/s.80-C or Not if Eligible please mention the details


Rakesh
This Query has 6 replies

This Query has 6 replies

25 March 2008 at 11:28

Decution U/s 80C

Can Stamp Duty amount deduction claim on Purchase of House Property.
1. If Purchased during the year
2. If Registered during the year
3.If Newely Hosue purchased


Dharmishta Tank
This Query has 2 replies

This Query has 2 replies

Please clarify! Can a MD of the company receive salary as well as professional fees from the company!If so TDS is to be deducted U/s. 192 and 194J is it!


Subodh
This Query has 3 replies

This Query has 3 replies

25 March 2008 at 10:26

HRA and Stamp fee

Dear All,
If any employee claiming HRA and submitting rent receipt for whole year and if he also puchased home and claiming EMI and PEMI along with stamp duty and regsisteration fees (80C) for the same financial year... My query is this OK and what document we should ask to submit for calculation of Income Tax of the financial year?
Thanks
Subodh


Dharmishta Tank
This Query has 2 replies

This Query has 2 replies

25 March 2008 at 09:34

Applicability of FBT

Please Clarify!A Sales Manager of the company is receiving sales incentives.Does FBT is liable on this sales incentive as it has been specifically exempted FBT on sales incentives given to distributors.but here an employee of the company is receiving sales incentives.


Somebody
This Query has 1 replies

This Query has 1 replies

I saw a Query by Mr Satyen Sharma and its reply by expert Mr Jitender.
What I feel is that basic theme of the Query is unanswered. Obviously, Mr Satyen is under notion that Investments in ELSS U/S. 80C are taxable on maturity and it is this notion which gave rise to the Query. Reply by the Expert does not indicate that this notion is wrong, and hence, the entiry expert's relply is fruitless.
THIS TYPE OF SUPERFLUOUS REPLIES ARE FREQUENT AND INCREASE THE CONFUSION OF THE SEEKERS.
I HUMBLY REQUEST TO THE EXPERTS TO KINDLY GIVE APPROPRIATE REPLY TO THE QUERY POSTED. MEMBERS SEEK HELP AND GUIDANCE FROM EXPERTS - NOT JUDGEMENTS.


CA Satyen Sharma
This Query has 4 replies

This Query has 4 replies

24 March 2008 at 22:52

Investments u/s 80C

Dear All
My query related to investments u/s 80C wherein funds are locked for a 3 yrs period. If for instance I invest in an ELSS Mutual Fund, I get units allotted in my name. After a 3 yr lock in period, it is taxable, if redeemed.
My question is that whether MF is considered as security under the Securities Contract regulation Act, if yes, then it would be a long-term capital gain on securities, which would not be taxable.
Then why is the whole amount subject to tax wherein the principal amount is also involved along with appreciation
Pl. suggest.
C.A.Satyen Sharma


bhumika
This Query has 6 replies

This Query has 6 replies

24 March 2008 at 19:59

Permanent Account Number CARD

while filing an ITR of a company I came to know that it has more than 1 PAN number.Is it possible?How? If yes,than which is the valid number should be used while filing ITR etc. And what is the procedure to cancel the invalid PAN number. I know that I have to surrender one card and inform my IT Deptt. about surrender of one pan no.if i will have more than one PAN then it will cause penalty. But i have one pan with me one in it dept two different number how to track all the no frist






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