D C Sivastava
This Query has 1 replies

This Query has 1 replies

15 February 2008 at 18:10

tds at hiring of vehicle

contract of hiring of light vihicle comes under the perviev of section 194c for the purpose of tds if yes what will be rate.


Goutam Hota
This Query has 6 replies

This Query has 6 replies

15 February 2008 at 16:04

Search & Seizure

Income tax search after death of tax payer, is it possible?
Please suggest with reference to Case Laws.


Murulidhara S
This Query has 1 replies

This Query has 1 replies

15 February 2008 at 14:38

deduction in respect of donations

Dear Sirs

I am confused with section 80(G) regarding deduction in respect of donations. Can you explain in simple words.

Regards


Anil Chavan
This Query has 3 replies

This Query has 3 replies

15 February 2008 at 11:20

Income Tax Sec 80C / 80CCC

Hi Sir / madam

Can I get any deduction u/s 80C or 80CCC, if I invest any amount in LIC, PPF ect. in the name of my sister? she was depends upon me before nov 2007 & I invested before nov 2007. Can I get deduction or Not?

Thanks
Anil


C.A.PAPJI
This Query has 3 replies

This Query has 3 replies

15 February 2008 at 05:32

Additional depreciation for Wind farm

Additional Depeciation is allowed for all Plant & machinery u.s.32. But it is argued that Wind Farms are not eligible for Additional Depreciation because they are not engaged in manufacture of an article or thing.
Kindly enlighten me on this matter with case law if any.


A. Gupta
This Query has 2 replies

This Query has 2 replies

Dear friends,

There is a cooperative house building society which neither has its PAN nor it has been ever filed its income tax return. Now it has received a notice from Income tax department to produce its balance sheet and copy of income tax returns for the last three years.

I need your assistance in regard to the taxability of its income. The society does not have any income except for annual membership or other collection from members. Some times there may be some income in regard to receipts from small hawkers to sell their items in the society or any amount received as compensation for any loss or damage to the property of the society.

I go through Section 80P but I think that section does not applies to house building societies.

Please give your views and tell me whether any exemption or deduction is available or not.

Thanks.


RAJESH
This Query has 2 replies

This Query has 2 replies

14 February 2008 at 19:10

Foreign salary Income

I am working in gulf. My status is NRI.
My salary income is trf. to my father account in india.

It is taxable into my father Income or not.It is taxable in my income. How i show this income under the my income tax return.


Richa
This Query has 1 replies

This Query has 1 replies

14 February 2008 at 16:14

Tax on reimbursements unclaimed

Sir/Madam

Please resolve:
An employee opts for higher reimbursements in his CTC. The Company accordingly calculates and pays Advance FBT o the same. However at the end of the year the employee fails to produce enough bills/supportings to claim the reimbursements. Would the company be required to pay Income Tax on the excess reimbursements ? Or the payment of FBT would suffice? How would it have the effect from Income Tax point of view?


Richa
This Query has 2 replies

This Query has 2 replies

14 February 2008 at 16:13

Tax on reimbursements unclaimed

Sir/Madam

Please resolve:
An employee opts for higher reimbursements in his CTC. The Company accordingly calculates and pays Advance FBT o the same. However at the end of the year the employee fails to produce enough bills/supportings to claim the reimbursements. Would the company be required to pay Income Tax on the excess reimbursements ? Or the payment of FBT would suffice? How would it have the effect from Income Tax point of view?


Mateen
This Query has 1 replies

This Query has 1 replies

14 February 2008 at 14:11

FBT ON MEDICAL EXPENSES

WHAT WILL BE FBT RATE ON MEDICAL EXPENSES TO BE PAID BY COMPANY IS IT 7 %

AND IS LTA APPLICABLE FOR FBT






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