MY DECLARED HOME TOWN IS JALANDHAR. AT PRESENT I M IN RANCHI. MY NEAREST AIRPORT IS AMRITSAR. I M ENTITLED FOR AIR JOURNEY. MY QUERY IS CAN I CLAIM LTC FROM RANCHI TO DELHI THEN TO AMRITSAR BY AIR AND FROM AMRITSAR TO JALANDHAR BY TRAIN. AMRITSAR IS BEYOND JALANDHAR FRO THIS SIDE

Please explain recent amendment in sec 40A(3)with example

Please explain recent amendment in sec 40A(3)with example

there is an agriculture land i.e. it is not a capital asset.A small area of that land is compulsorily acquired by the state govt. for which compensation is given to the assessee. the land is to be used for laying pipeline. To be more specific we can say out of 100 sq.feet 1 sq.feet is acquired by govt.It is important to note that in the Agreement it is very clear that Ownership will remain with the assessee. But he cant use that area (i.e for the purpose of cultivation or anything else)where pipe line is laid.

My query to the experts is:
1. whether compensation would be taxable
if yes then under which head of income.
please answer specifically & if possible with the help of provisions & caselaw.

if not then also explain the reasons.I think the experts didnot get it I strongly emphasised that Agricultural land is not sold ownership remains with the assessee

what is the time limit for making the invoice by the service provider and issuing the same to the customer IN PERVIEW OF SERVICE TAX ????

One of our employee has submitted fees receipt of his son as per folloing:
Tution fees : 5000
computer fees:1000

His son is in 1st STD and computer is part of basic subject. Whether he will get exemtion under section 80C?

Hi All
prof. tax ded. by an employer monthly but forgot to deposit for one month although recovered from emp. salary. what an employer should do?
can he deposit it late( with or without fine)?

Thanx

Can TDS for FY 2008-2009, be claimed in FY 2009-10, if the actual payment recd after 31-3-2009,when assessee is maintaining its books on cash basis and the procedure for claiming the same.

Can anybody explain concept of freight inward & freight outward. How Freight paid on material sent directly to site and not bought to factory will be classified i.e inward or outward freight.

what happened if one of the dirctor dies before getting DIN No.