if i have a salary income of Rs.80,000/- and short term capital gain is Rs.70,000/- (STT paid)

should i pay tax on Rs.70,000/- @ 10%

Should I pay tax on Rs.40,000/- @ 10% (i.e. 70,000+80,000-110000 exemption limit)

Should i reduce STT from my capital gain income

What benefit can i gain from STT paid

this is with refrence to section 269SS and T

if i had taken a loan of 4.5 lacs and repay the party 5 lacs then whether i will be showing repayment as 4.5 lacs or 5 lacs.

if i had accepted security deposit for different reasons from the same party then whether i will be clubbing the amount or show it seperately(i have made the individual acconts seperate)

I have one query that I have a rent agreement with company A."A" deducts tds on my rental income.But is giving me tds certificate only for 10 months though he has deducted for 12 months.Now my question is how do i treat this in my return whether 10 or 12 months.

A is saying me that he will provide the certificate for 14 months in next financial year.

Please tell what are the consequences for me & even for A.what are the penalties which he will be imposed.

How will I prove myself infront of Income Tax Officer.

Thanks & Regards,

Shobhit Singhee

I have one query that I have a rent agreement with company A."A" deducts tds on my rental income.But is giving me tds certificate only for 10 months though he has deducted for 12 months.Now my question is how do i treat this in my return whether 10 or 12 months.

A is saying me that he will provide the certificate for 14 months in next financial year.

Please tell what are the consequences for me & even for A.what are the penalties which he will be imposed.

How will I prove myself infront of Income Tax Officer.

Thanks & Regards,

Shobhit Singhee

Is prior period expenditure allowable in next year ? I have heard about recent judgment on this issue. Can u give me any copy of the judgment of link from where I can get this judgment ?

Hello Sir, Can anyone tell me what are the rates for the current year in Banking Company Accounts regarding of Provision for the following :-

1.) Standard Assets

2.) Sub Standard Assets

3.) Doubtful Assets

Upto 1 year

1 to 3 year

More than 3 years

With thanks & regards

Baldev Chauhan

Hello Sir, Can anyone tell me what are the rates for the current year in Banking Company Accounts regarding of Provision for the following :-

1.) Standard Assets

2.) Sub Standard Assets

3.) Doubtful Assets

Upto 1 year

1 to 3 year

More than 3 years

With thanks & regards

Baldev Chauhan

TRUCKS ARE HIRED FOR TRANSPORTATION OF GOODS FRON TRUCK STAND.FROM TIME TO TIME

THE PAYMENT TO SINGLE PARTY EXCEEDS RS 50000/- IN A YEAR. IS TDS DEDUCTIBLE EVEN IF THERE IS NO CONTRACT.

REGARDS

Dear Sir,

I am confused that I am working in Trading co. They have to pay commission to person but this amount is more than the amount applicable for TDS. but they have just started business.when can we apply for TAN.is it necessary to apply for TAN in this year.I feel that when our turnover is cross the limit of 40 lakh then we can apply for TAN in the next year. Is it true?
Pls send me your openion immidiately

We regularly hire trucks from truck stand for despatch of consignment.

There is no formal contract with any of the truck /tempo owner.

They are called from stand as & when required.nervethless payment to single party during the year to a party exceeds Rs. 50000/-. will this attract the tds given the nature of transactions.

Please reply