Please tell which of my family members can give loan to my wife, exceeding RS. 50,OOO/- And not attracting income tax liability.Can you elaborately explain the definition of "relative" for Income tax purpose.

what should be accounting treatment if goods are purchased with vat/cst and same amount of vat/cst is shown as discount in the same invoice.
For eg...
Basic Price 100
CST 3
Total 103
Less
Discount 3
Net 100
The discount is not in the nature of Cash discount.... We cannot treat this discount as trade discount as well.. as it comes after vat/cst calculation... Please let me know the repurcusion at the time of sale tax assessment.

As per Indian Stamp Act, 1899 Revenue Stamp to be affixed is mandatory in nature u/s 2(23) of the Act, on receipt of above Rs. 5000/-. please let me know the consequences of it, If the law is not followed.

If freight bearer whether consigned or consignee pay service tax directly to GTA. It is violation of rule [(1)(d)(v)]. If is violation of law then please let me know further remedies of it.

Dear friends,

give me suggestion for submit return A.Y 07-08 & 08-09.can i submit this return today's date, return was nil, if any fine to delay of return.

can i submit this return online,those get any problem for me.

thanking you,

Dear Members,





I have filled 26Q for all quarter but NSDL site displayed wrong challan number. becase of wrong entry they didnt book my return so that i am eligible for revise it

but my problem is which challan number i can display in revise return.





Thanks in advance

A SENIOR CITIZEN IS HAVING A DDA FLATS WORTH RS. 50-60 LAKHS AND EARNING HOUSE RENT INCOME OF RS. 6,000 PER MONTH FROM LETTING OUT ONE FLOOR OF IT.

NOW HE WISH TO TRANSFER IT TO HIS DAUGHTER-IN-LAW. WHAT ARE THE WAYS AVAILABLE TO IT SO AS TO TRANSFER HOUSE TO HIS DAUGHTER-IN-LAW WITH LEAST MINIMUM CAPITAL GAIN.

CAN HE TRANSFER IT FOR RS. 2-3 LAKHS IRRESPECTIVE OF SECTION 50C OF INCOME TAX ACT, 1961.

THE PURPOSE BEHIND TRANSFER OF PROPERTY IS TO CURVE TAX LIABILITY.

So for receiving gift in kind is there any specific procedure or i have to make transfer deed.

Thank You.

Q1)a refundable deposit cannot be included in rent received or recievable.The notional interest on refundable deposit can form a part of rent received or recievable when it is received to compensate short payment or non payment of rent can u tell me what is notional interest and pls clarify this with suitable example.

Q2)deduction on interest on borrowed capital is available even if neither the principal nor the interest charge on property i didnt understand what does it mean can u clarify this point

thanks in advance :)

kindly advice & guide me about the following foreign remittance process

1) Documentation required for making foreign remittance
2)what document require for remittance
3) Different type of foreign remittance
4)withholding tax rate on various type of
transaction ie. royalty,technical fees
interest, dividend
5)whethere TDS is chargeble on reimbursement of exp to foreign company
6) rule & regulation of foreign remittance
7) pls explain documentation for FORM A1 &
FORM A2


pls reply with details notes & soft copy of file to refer the process