A salaried employee having Gross salary 132000/-, but after deducting allowance u/s 10 and investment u/s 80 taxable salary remain only 98000/- but also having agri income of Rs.100000. In such a case how to compute taxable income ?

sir What is the difference between Revenue and income

Sponsorhip Fees paid for an event which is supported by the state / Central Governemnt will be liable for FBT.
(For e.g Suppose i an IT Company and paid Sponsorhip fees for organising event regarding IT which is supported by central/state Govt of India.)

My friend is resident of Nepal and if he wish to register for Chartered Accountancy course in Nepal and want to pursue exam in Mumbai center , Can he eligible to do so??????

Dear Sir/Sirs,

Will u please guide me how to file my Income Tax Returns online with all enclosures viz.,capital accounts,balance-sheet,Profit and Loss Accounts,computation of taxable income,TDS Certificates,LIC/PPF/MEDICLAIM premium payment receipts.

With regards
Kashyap Vyas

a govt company aquired land on lease on nominal amount with certain amount of rent which is to paid annualy.rent so paid will be capitalised or otherwise.

The primary purpose of the firm is to pay dividend for the share holders. Therefore, irrespective of the firm’s need and desires of share holders, a firm should follow a policy of very high dividend payout – Comment

RESPECTED SIR/ MADAM,
I AM A STUDENT OF C.A. FINAL MY FIRST ATTEMPT WILL BE FALLS IN MAY-2010,UNDER C.A.FINAL NEW SYALLABUS:
AT PRESENT I HAVE DOING MY ARTICLESHIP AS WELL AS TAKE CLASSES OF MAFA SUBJECT I TAKE THE FOLLOWING MATERIAL FOR ITS PREPARATION:
1.STUDY MATERIAL 2.ASHISH KALRA NOTES 3. RELIANCE COMPILER+INSTITUTE COMPILER IS IT SUFFICIENT FOR CLEARING EXAMS OF MAFA SUBJECT.
PLZ GUIDE ME
UMASHANKAR VAISHNAV(GWALIOR CITY)
C.A.-FINAL

Facts : Currently i m having Rs. 30000/- STCG, which is taxable @ 10%. Therefore tax amt of Rs. 3000/- + cess is payable.
I want to avoid this by booking STCL on current securities (CS) held by making Intra-day sale of CS. I will be purchasing these CS (same no. & combination of scrips) again on Intra-day basis.

Query : Is this Intra-day sale & purchase will be treated as a Separate transactions for tax purposes OR this will be ignored as "No Delivery" is involved in Sale and Purchase.

Please provide some case law or circular, if any in support of this.

Sir,


Please guide with sec.for deduction to a salaried person for expenditure on his son for TETROLOGY OF FALLOT SPECTLE HEART DECEASE.

Thanks & Regards,


NITIN KUMAR VIJAY
9218567870