What's the purpose of creating revaluation reserve a/c on merger of two companies.

An individual is the prorietor of 3 concerns all of which need to be audited under section 44AB. Pl confirm as to how many 3CD should be filed. Is one 3CD enough or should it be given separately for each concern? Kindly give reference to case laws, if any

Can I gift any amount to relative to save tax as an exception under Sec-56 ?
If No, why ?

Seems Funny. Can I escape tax saying my income or profit or gain as "EARNING" ? under the head Profits and gains from business or profession ?

I mean to say does the EARNING taxable under income tax ?
If yes, where it is mentioned ?

It is known that Income/profit/gain is taxable but EARNING ?

Mr.X consultant for foreign based firm. receives Rs.90000 every quarter.What are the consequences of TDS ?

Mr.X consultant for foreign based firm. receives Rs.90000 every quarter.What are the consequences of TDS ?

We are a partnership Firm, We are providing Services of Cable T.V Net work, In purchase / pocurement of services, we pay to M S O (Multi System Operator not a Broad Caster ) we are purchase services from them and sell it to retails customers through wire/cable, In this situation whether we have to deduct tax for Bills of MSO who merealy give us signals through Cable/wire and charging Monthly subscription (say 200 per point) Please let us know whether we need to deduct tax and in which categories?

Whether Vat & CST will be included in Sales Turnover for the purpose of Audit u/s 44 AB (i.e Exemption Limit of 4000000)

For getting deduction of Medical Reimbursement up to Rs.15000/- whether bills are required to be presented?

Can both Husband & Wife claim 80GG if the house Rent paid by them is 4000, both have business income and are staying IN SAME RENTED HOUSE