Income Tax QnA - Page No 24976

All Resolved Open

shweta jain

18 March 2009 at 15:36

tds on rent and furniture

i have made 2 agreements with one person :

one for the rent of a buliding at 9500 p.m.

one for the rent of furniture in that building at 6000 p.m.

my total rent payable exceeds 120000 but individually i m under the said limit.

Do i have to deduct tax while paying rent to the person??

if i had made one agreement for both the building and furniture at the same rate as above then how much tds i wud have to pay??

Akshay

18 March 2009 at 15:29

Long term gain on sale of shares

Can anyone tell me from when which Assessment Year or the circular no.) is the long term gain on sale of shares exempt from tax?

Chintan Vasa

18 March 2009 at 15:22

interest rate on refund

i would like to know what is the rate of interest on refund?
i read its between 5 to 13%
please inform about the exaCT rate n also the notification for it.

smita sharma

18 March 2009 at 15:15

section 24b of I.T. Act

Whether Interest paid on laon taken from parents or grand parents for purchase of House Property is allowed as deduction? Again as per sec24b a certificate is required for claiming the deduction of interest, so in the above case who will provide the certificate?

CA Amol Mahajan

18 March 2009 at 14:46

CAPITAL GAIN

MR X OWNS BLDG COST OF ACQUISITION RS 5 LACS GIFT THIS BLDG TO HIS SON Y BLDG FECTCHING RENT OF RS 30 PER MONTH WHETHER THE CLUBBING PROVISION WILL ATTRACTED

vikas

18 March 2009 at 14:15

accounting enteries for ESOP and Forward contract

can u just help me to know that what is implication of AS 11 and AS 30 and what their impact also breif knowledge of AS 30 and their effect on accounting statement.
also enteries for ESOP

YASH..

18 March 2009 at 14:12

PAN

what is the pan digits stands for?

Sathis

18 March 2009 at 14:12

194 C

In TDS deduction 194 C says "Any person responsible for "PAYING ANY SUM" to any resident. Here "Sum" is stands for total bill amount or (If the service provider is charging service tax) it exclude service tax.

Please clarify.

Sanjay Kumar Agarwal

18 March 2009 at 14:10

HUF

One of my clients both son has formed their respective HUF. Now the client want his HUF File, who would be the members then, can he form a HUF under such circumstances.

regards,
Sanjay

sunny tanwar

18 March 2009 at 13:39

deduction u/c 80DD

In this section 80DD it is written that deduction is allowed for the amount paid for the benefit of Disabled dependent relative. WHo will come under relative ?????