CA SHARAD SINHA
This Query has 5 replies

This Query has 5 replies

19 March 2008 at 17:50

TDS ON DEEMED LET OUT

SHOULD THE EMPLOYER CONSIDER INTEREST ON HOUSING LOAN FOR DEDUCTION FROM SALARY INCOME FOR THE PURPOSE OF TDS ON A HOUSE PROPERTY SITUATED AT A PLACE OTHER THAN THE PLACE OF EMPLOYMENT?

IN THE EVENT YES, SHOULD THE DEEMED INCOME FROM HOUSE PROPERTY SHOULD ALSO BE CONSIDERED BY EMPLOYER (WHICH MAY ALSO RESULT IN SURPLUS INCOME FROM HOUSE PROPERTY)

WILL THE ANSWER BE ANY DIFFERENT IN CASE SUCH HOUSE PROPERTY IS OCCUPIED BY PARENT/RELATIVES OF THE ASSESSEE IN HIS NATIVE PLACE/USUAL PLACE OF RESIDENCE?


Chirag B Shah
This Query has 3 replies

This Query has 3 replies

19 March 2008 at 17:50

Capital Gain

In Asst Yr 04-05 i have long Term Capital Gain in Equity Shares after applying 10% without indexation and Long Term Capital Loss in Equity shares at 20% after applying indexation, Now Can L.T.C.L derived after applying indexation can be set-off against the L.T.C.G of without indexation or not - Please quote any case law if any. However in Set-off & Carry Forward Loss no where it is mentioned that L.T.C.L with indexation cannot be set-off against L.T.C.G arrived before indexation. so please reply on the basis of section and not on logic


Chirag B Shah
This Query has 1 replies

This Query has 1 replies

19 March 2008 at 17:43

Capital Gain

In Asst Yr 04-05 i have long Term Capital Gain in Equity Shares after applying 10% without indexation and Long Term Capital Loss in Equity shares at 20% after applying indexation, Now Can L.T.C.L derived after applying indexation can be set-off against the L.T.C.G of without indexation or not - Please quote any case law if any.


Ashish Ranpara
This Query has 2 replies

This Query has 2 replies

19 March 2008 at 17:25

Capital Gain

Dear Sir,

Can a person transfer it's Property not fully but part of property after a long time about to 35 to 40 years is liable to capital gain ?

if there is a four partner of property than How will capital gain calculated?

is there any provision for regarding exemption of such capital gain?

The Property is in the nature of Office Building and Transfer is Selling of This Building

pls. give me advise and my emil id is aranpara_ca@yahoo.co.in

Hope your reply

Thanks


Suresha R
This Query has 3 replies

This Query has 3 replies

19 March 2008 at 16:12

Inocme Tax Sub works

1. I want to know what is cost of following services.
2.What is legal procedure for the following serives
3. I want know to sub work for following headings for example if we take "PAN Card"

a}apply for new pan card
b}Correction in pan card

INCOME TAX : PAN CARD, TAN, TDS, e-TDS,

PT, ADVANCE TAX, INCOME TAX RETURNS –

INDIVIDUALS, FIRMS, HUF'S etc.,


niemesh
This Query has 3 replies

This Query has 3 replies

Dear Members

Please guide me in the following matter

The books of account of assessee named ‘A’ (Individual) were under audit u/s 44AB in ASST YR 2006-07. He was also partner in a firm say ‘B’ and his account in the firm was overdrawn during ASST yr. 2007-08 and ‘A’ paid interest Rs. 1,30,000/- to the firm ‘B’.

So, my query is whether ‘A’ is liable to deduct Tax at source on the interest payment to the firm in which he is also a partner? And if ‘A’ has not deducted tax at source then the interest amount is liable to disallowance as expenses?

Please guide….


Suresh
This Query has 5 replies

This Query has 5 replies

Is Stamp duty and registration charges on purchase of built house is eligible for deduction u/s 80C


Vinod Rai
This Query has 2 replies

This Query has 2 replies

19 March 2008 at 14:56

deferred tax

could anybody tell me about deferred tax in detail i've no knowledge regarding deferred tax.plz help me out.


M. SHIVARAJ
This Query has 1 replies

This Query has 1 replies

We already given an increment to the staff members & those amount is splitted to different component of salaries except lunch allowance of our organisation & we deducted pf & tds for the month of feb & deposited the same to the particular dept. now our staff asking for sodex ho meal pass to reduce the tds amount how it is possible to take back from their salary


CA SATYAM SHRIVASTAVA
This Query has 3 replies

This Query has 3 replies

HI DEAR FRIENDS!

FINANCE MANAGER OF ONE OF MY CLIENT'S GROUP COMPANY HAS COME TO ME TO DISCUSS THE FOLLOWING:-
HE IS A FINANCE MANAGER OF MID SIZED IT COMPANY. HE JOINED IT IN THE MONTH OF DEC 07.
HE HAS OBSERVED THAT SALARY STRUCTURE IS NOT PROPERLY DRAWN THERE. WHAT SHOULD BE THE IDEAL SALARY STRUCTURE FROM TAX PLANNING POINT OF VIEW?...THEY HAVE TWO CATEGORIES OF EMPLOYEES:-
1. JUNIOR CATEGORIES - SALARY BELOW RS 10000/-
2. SENIOR CATEGORIES - SALARY ABOVE RS. 10000 to RS. 60000.

PLEASE ANSWER THIS QUERY...DO YOU HAVE BEST TAX-SAVER SALARY STRUCTURE?






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