Income Tax QnA [Resolved]

All Resolved Open

venkatachala

This Query has 5 replies

20 February 2008 at 11:42

Section 40A

Is Depreciation allowed for a fixed asset which is purchased by paying Rs.25000 in cash

himanshu

This Query has 5 replies

20 February 2008 at 11:00

TDS on payment for repairs

Dear all
While making payment for repairs of motor cars,TDS will be deducted on the gross amount billed or on the maintainance charges.

Kintu

This Query has 2 replies

20 February 2008 at 10:47

About Arricultural income

how to treat the tree cutting compensation received from company on our own land.Whether Capital Gain or AgriculturalIncome

Nagendra Kumar

This Query has 2 replies

20 February 2008 at 10:09

LATE PAYMENT OF TDS

when we pay the interest for late payment of tds to gov.we are elgible to deduct interest as admissible expenditure?.if we can under what section.

rakesh sharma

This Query has 2 replies

20 February 2008 at 08:45

International Transfer Pricing

IS there any threshhold limit of turnover
for furnishing report under section 92E
of income tax act 1961

Sagar

This Query has 6 replies

19 February 2008 at 20:36

capital losses

Can capital losses be set off against business income? is there any new notification which says so?

CA Abhishek Jain

This Query has 3 replies

19 February 2008 at 19:55

Share trading profit or loss

In share trading, can we treat intraday profit or loss as capital gain.

If we treat this as Business income then how can we calculate the turnover for the purpose of tax audit?

Bhavesh Rathor

This Query has 3 replies

19 February 2008 at 18:03

Tax Audit U/s 44AB for AGRICULTURE business

Dear Sir,
i have a doubt about tax audit u/s 44ab if a person engaged only in agriculture activity and his turnover of agriculture business i.e. sales of vagitable/grains which are produce by him exceeds Rs. 40 lacs. is he lible for tax audit u/s sec 44ab of it act 1961? or not?

Mandip Bhattarai

This Query has 5 replies

19 February 2008 at 17:38

TDS treatment

Sir,
can we adjust TDS which was deducted on advance payment last year i.e. before 31st march 2007 with the Bills raised this year.
do we have to deduct TDS again..