one of y client has deferred tax asset of rs. 45150/-. i They have not calculated it. They are of the opinion that since this is a small amount it is not required to be created. I want to know whether there is any limit to which AS 22 does not apply. I mean value wise.

A Civil Engineer working in Construction Co. receives the cheque(Amounting Rs. 22,000/month after deducting Professional Tax)from the co.(and sister concerns)against the salary .

However Tax is not deducted. Now the employee has to file return of Income.But he won't receive Form 16(which is quite obvious)from the company nor the company provides monthly sattement giving the break up of salary(basic,conveyance allowance....)

If the Income is calculated based on the salary breakup specified in the appointment letter,is it valid?

If yes, is there any need to submit any proof along with the return?

if i clears Ist group with 50% marks, & in IInd Group, gets more than 60% marks in a single subject with zero marks in another 2 subjects, can i still claim exemption.
e.g.:-
IST Group marks= 150+( passed as per icai's conditions)
IInd Group marks:
taxation - 60+
FM & cost- 0
SM & IT - 0

CAN I STILL GET EXEMPTION IN TAXATION.
Please advise me.
thanks


Nitesh Kumar Sharma
98936-68505
pcc- Nov.09

In my clients books some amount nearly 94Lacs is outstandig from 1999-2000. That was carryforward in Debtors which is o/s from Govt for the project.Last year it received 3 lacs. What treatment should be given to remaining Outstanding amount that amount it will be writeoff from books or it will continue as debtors.My client says it will definitely received but takes some time?and it was a Engineering staff training institute and it also carries Some Research for newly introduced schemes of govt.For that it receives fee!

As per IT Act Profit on sale of asset(when it is in Gross Block untill entire block disposed) is not recognised in books.But in companies such profit is recognised in books under the head profit sale of asset.I was confussed for giving treatment in my books(Engineering Staff college of India)?Plz suggest me!

hi
If a house property is partly used to let out and other part is utilised for business and profession by owner then what would be tax treatment if the whole house treated as business profession then what will be income from let out.explain briefly my another question arise after receiving the answer of this question

2)if the land is taken as lease and made a underground house then can that house trated as residential house becasue we know that in residential house roof is compulsory but the roof in this case is the upper land which is on lease


please explain briefly

thanking u in advance

:)

One of my client is a Ltd. O. My question is in CARO

1)Clause No. (xi) ; Company has taken CC from IDBI . Whether it is to be mentioned in this clause as IDBI is a bank and not financial institution.

whether there is any ristriction under comapnies act 1956 regarding donation to be made to NGO. And if there is restriction please give the section number. Also inform the procedure to calculate the limit of donation if any.

Dear Friend.

Do you know FAMILY TRUST, WHATS BENEFIT THEREOF & WHATS FORMILITIES TO BE COMPLETE.

Please any one knoe this then replay ASAP.

Regards,
CA Radhesham M. Bhutada
9822890980

please brief me a details procedure in a case if assessee residential address change and now he wants to file his income tax return in his new living address ?