1,00,000 lic tds. deducted n gross recipts is 9,50,000 that how to tax calculated n refund

PLEASE TELL ME
1.AUDIT REQUIREMENT
2.CAN I FILE LOSS RETURN IN MARCH 2014.

========================================
MY PARTNERSHIP FIRM INCOME ======= 30000.00

FIRM CONTAIN A PROVISION THAT BOTH PARTNER SHALL BE ENTITLED FOR SALARY OF 10000 PER MONTH AND INTT 12% ON CAPITAL

POSITION IN BOOKS
=========================
RECEIPT 30000.00
lESS PARTNER SALARY 240000.00
lESS:- INTT 50000.00
===============
AS PER BOOKS LOSS 260000.00
===============


AS PER TAX POSITION
=====================
RECEIPT 30000.00
lESS INTT 50000.00
lESS-PARTNER SALARY 150000.00
===========
LESS IN RETURN 170000.00
=============


CONFUSION
==========
1. AM I RIGHT OR WRONG IN ABOVE WORK
2. I HEARD THAT IF I WANT TO FILE LOSS RETURN AS ABOVE THEN AUDIT IS MUST

Sime banks calculate and credit interest in saving account in feb and august. Some banks.....in may and november.

Then how to calcuate the perfect interest amount of savings ac interest for that particular fin.year?

Is taking interest certi from bank , the best way?

If two sons above age of 25 and their father have a joint bank account. Father's salary kept credited in that account till his retirement. Then the elder son has credited some amount in that account out of his inome. The younger son has not credited any amount ever from his own side.
Now , father is retired. He doesnt get pension in that old account. Now while calculating father's total income, the whole of interest amount is to be taken as father's income? Or is it to be divided into three parts? If yes, then on which basis it should be divided?
The elder son is a nonresident. He has also credited amount in this account.

I have recently registered for ipcc as well as cs-executive.. Am I required to take any permission as both are no-where interfering???

[As I would finish-up my ca-articleship, and will complete cs training later on or get exemption so.]

can partner claim less remuneration than that mentioned in deed. e.g. my firm contain a provision that both partner shall be entitled salAry of 10000 per month. whether firm can pay 2000 instead of 10000 or can pay only and only 10000 per month

Please help me know that which Form of return .i.e. either ITR 4 or ITR 4s is to be filed for an assessee with business income & 2-3 house property income & other income.

Also, if such assessee had a Tax audit u/s 44ab in the previous year (2012-2013) then is such assessee necessitated to use digital signature for its ITR return to be filed u/s 44ad, during this current year for current financial year of 2013-2014.

Further, can such assessee get deductions u/s 80C & deduction for interest on housing loan, if she files return u/s 44ad.

Please help me know....

What is the maximum limite for no tax-payment----next What are the slabes of income payment-----nest What are %for tax payment----nest any deduction under,80c--80d is allowed or not? kindly inform me for above on basis of SINIOR CITIZEN & NRI

my partnership income is 30000 before remuneration to partner but my partnership deed contain a provision that both partner shall be entitled for salary of 10000 per month. if I debit salary in profit and loss account 240000 then my partnership firm is in loss . I heard that in this case audit is must . or can I debit salary 2000 per month and show a profit of 6000 . in firm no other expenses.

Dear Members,

Are there any Provisions for Plant or Furniture which are similar to the Concept of "Deemed building" under Explanation-1 to Sec-32 under the IT Act? If not then how will the capital expenditure made by a person on Plant which is taken on rent by him be dealt with under the IT Act?

Regards,
Souvik Ghosh