One of a private limited company shows their main sources of income as Rent (exceeding 1 crore)no other activities is carried on . and the same agrees with their momerandum of association which states acquiring and leasing of building as their primary object . my question is can in this case renting of buildings be taken as their business inocme .?

For what purpose dividend equalisation reserve is created?

Suppose Mr. "A" is working in pvt. company. His mother (age 67)get partial(35%) paralysis attack and admitted to the hospital for treatment under Neurosurgon Doctor. Mr. A get Rs. 15000/- from company towards treatment for the same, But in form 16A they didn't given the benefit of 80DDB and treated as incentive & included in salary & no dedction. Can Mr. A still claim deduction u/s 80 DDB even Form 16A didn't mentioned ? Can only Hospital Exp. will be claimed or exp. on medicine are also allowed ? Upto what limit Mr. A claim deduction u/s 80 DDB. What about medicine exp even after discharge from hospital? If the medicine remain continue more than 1 year then what? What is procedure to claim deduction u/s 80DDB ? Did any Certificate required from Dr. of govt hospital ? Note :

Hiiiii,Can Anyon tell me .How can i calculate Depreciation by Income Tax Maethod on Monthly Bases, & how depreciation is been provided after 180 days in income tax act.

Thanks if any one can help me out.

Can private ltd company have debit balacne of directors in their books of accounts

What is the meaning of carrying amount?

For what purpose Development rebate reserve is created?

Can you please provide me some sample leeters written to ITO on various subjects like TDS , providing information of third party,etc.My mail id is casanjaysharma@yahoo.com

If a service provider is charging for reimbursement of it's travelling expenses in the same bill in which he is charging for his services, then are they required to charge service tax on reimbursement of travelling expense also ??
If that party raises separate bill for reimbursement of travelling expenses will the situation differ and would it be liable for TDS on only travelling expense reimbursement bill??

Can a wife deposit 70K in husband's PPF A/c and claim 80C exemption. In the same year husband has deposited 70K in minor son's A/c and is claiming 80C exemption in his file.

Husband/s PPF A/c and minor son's PPF A/c is opened in different branches.

Minor son's income is being clubbed with father i.e. husband