In income tax any ammendment was there, for Hyd is Metro for calculation HRA.

we take 40% instead of 50%

regarding that some confusion is there,

plz clarify me, for a.y.2008-09 any amendment is threre for HRa calculation
40% instead of 50%

plz sir.

One of my client is doing carriage contract of a Department. As per Contract orders, he is responsible (including insurance) for proper transhipment of goods from one station to another. Rate is fixed case to case, some time on weight basis and some time on numbers basis.
Now, in order to execute the contract he enters in to contract with truck owners and use such trucks in carrying goods (Trucks are used only for carriage of goods from and up to the destination as per contract with truck owners). Loading unloading charges are always paid by my assessee.
My question is if my assessee is liable for TDS, under which section he should deduct the same:-
194C (i)
194C(ii)
194I
Decision of Bombay high court in relation to ship may kindly be considered before giving the reply.

Where can i get ITR 7 (return of income for trusts) in excel format.

Dear Sir,

You know that the banks are demanding the returns for last three years at the time of applying for loan.

If the applicant doesn't have any taxable income, can he file the return in such case to fulfill this requirenment?

PLZ RESOLVE MY DOUBT

CAN A SALARIED EMPLOYEE GIVE RENT TO HIS RELATIVES WITH WHOM BLOOD RELATION IS THERE
IT MEANS CAN A SALARIED EMPLOYEE CAN CLAIN DEDUCTION FOR HRA IF HE IS SHOWING RENT PAYMENT TO HIS PARENTS

PLZ SOLVE

THANKS

Dear All,

If any person file individual return form-2(e-return) for the asst. year 2007-08 on 31-07-07 but he have not digital signature and he paid all income tax liability on 20-07-2007.But he submit form V(acknowledgement) with I Tax dept.on 24/10/2007 than Income Tax dept.,would be treat with assesse.

harish

our employee withdraw Epf from company, on that how much amount will be taxable as per Income tax.

what is the exemption limit?

In what section it was available in IT recknor?

plz sir

tds deducted on bill including service tax or excluding service tax.


our clinet ONGC Ltd net bill given after deduction of service tax on that amount we deducted TDs as per contractors


this is correct or not

plz sir

Individual, who is not directly involve in any business earns Interest, Remuneration and Share of Pofit from a Partnership Firm, which is exceeding Rs. 40 Lacs.
As per section 44AB any person carrying on business shall be liable for Tax audit if his total ... gross receipts... in business exceeds Rs. 40 Lacs.
Now, in this case, whether the individual earning such income from firm will be treated as a person carrying on business? Whether he will be liable for Tax audit u/. 44AB.

hi,
can anybody suggest me the entry level handbook of NRI taxation?

It should provide basic issues like What should be the restrictions of investment , Loan to resident, interest, TDS to Non resident etc.

Thanks