income tax applicable or not on profit on sale of car use in profession

I want to know whether it has been compulsory to E File to Individual whose accounts are audited u/s. 44 AB. Please tell me Notification No. and date notified in this regard.

Hi!

plz explain by example to deferred tax liability or assets.

thanks
Mohit

IN THE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2008, WE HAD MADE A PROVISION FOR BONUS UNDER PAYMENT OF BONUS ACT. THIS PAYMENT WAS NOT DISBURSED AT THE TIME OF SUBMITTING OUR RETURN WITH THE INCOME TAX DEPARTMENT.

THIS AMOUNT WAS THEREFORE,DISALLOWED BY OUR AUDITOR UNDER SECTION 43 B.

MY QUERY IS WHETHER IN THE LIGHT OF BONUS ACT WHICH STIPULATES THAT BONUS SHOULD PAID WITHIN EIGHT MONTHS OF THE END OF THE FINANCIAL YEAR (IE.BY 30.11.2008) IS THERE NOT A CASE FOR ADDRESSING THIS ANOMOLY?

coupon reimbursement to mechanics & dealers is liable under FBT or not?

This coupon under various denominations with aim of increasing product sales.

Support your answer with documentary evidence.

thanks
Amit

Hi!

i want to know about the sale against E-I, E-II. Plz tell me in detail.

thanks

Hi! All of U

i want to know that what is time limit to file the revise return under VAT-Delhi.Can i file the revise return for F.Y. 2006-2007 in the m/o Oct,08.Assessment for A.Y. 2006-07 is pending.

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Can any one suggest me that which company is best for buying the Digital Camera..

Also tell me how much pixels is required (for personal use)

Rohit

Hi Experts..

TDS rate includes basic IT rate plus(SC+EC)..

But Surcharge will be applicable only when the ? exceeds Rs. 10Lacs(individual/HUF) or 100Lacs(Com./Firm) as the case may be...

Now what is to be considered for above Rs. 10 Lacs or R. 100Lacs. Whether it is the amount of transaction made with that party during the F.Y. or it is the income of the party during that F.Y.?

Please help me..

Thanks
Rohit

I AM DOING FIRST TIME TAX AUDIT OF COMPUTER SOFTWARE SERVICING COMPANY FOR A.Y.2008-09. I HAVE STATEMENT OF PARTICULARS REQUIRED TO FURNISHED U/S 44AB OF INCOME TAX ACT, 1961. & NOW I HAVE TO FILL UP THIS FORM FOR A.Y. 2008-09. SO I WANT DETAIL INFORMATION ABOUT TAX AUDIT WITH SECTION IT CONTAINS AND ABOUT APPLICABILITY OF THAT SECTION FOR eg. CLAUSE OF 15 - AMT ADMISSIBLE U/S33AB,33ABA,33AC,35,35CCA ECT.
CLAUSE 17 - AMT INADMISIBLE U/S 40(a),40(b),
40 (BA), 40A(3), 40 A(9), 36(1)(iii)ETC., CLAUSE 9,10,ETC.IT MEANS I WANT DETAILS LIST OF THAT AMT ADMISSIBEL/ INADMISSIBLE WHAT EVER ASKED BY THAT PARTICULAR SECTION & OTHER DETAILS FOR ALL OTHER SECTION CONTAIN IN FORM NO. 3CD RULE 6G(2) U/S44AB IN SIMPLE WORDS WHICH CAN CLEAR ME "TAX AUDIT".