Please reply to my question - Urgent...

Q1) The advancement of any other object of general public utility shall not be a charitable purpose, if it involves the carrying on of any activity in the nature of trade, commerce or business. What will be the effect of recent amendment in definition of “Charitable purpose” in the budget?

Q2) If any charitable trust is printing and selling the religious & other books @ nominal profit margin of say 5% to cover any future loss, will this profit be treated as business income ?

Q3) Any Charitable trust say “Mahila Gruh Udyog” making and selling farsan and papad and earning profit for welfare of ladies of weaker section of the society. Will this be treated as business and profession.

Q4) Any person is donating cash in “Cash box” kept @ Panjrapol, which is charitable trust for welfare of animals, is this called Anonymous donations ?

Q5) Any religious trust in making surplus on Yatra Pravas or sale of sweets and farsan, will it be called business and profession?

Q6) How to segregate income of trust from donation and business income if separate books of accounts in not maintained.

Q7) If surplus arising out of sale of farsan,sweets,books and used for charitable purpose ( as per object of the trust) , will this surplus taxable?

Q8) Charitable institution like Panjrapol selling cow milk and using that amount for maintenance of cows and other animals, will income from sale of milk will be taxable?

my house is jointly owned by my mother and we two brothers. we have taken a house loan and paid Rs. 166000 as interest. can i and my brother both can claim deduction of Rs.83000 as total deduction limit is Rs. 150000.

My total income is below basic exemption limit. And my total income also comprises of short term capital gain of Rs. 10000 so shall i be liable to pay short term capital gain tax on Rs. 10000.

One of my client deal in construction business as excavation work & hiring work.
Should client raise invoice including service tax? & what rate? His status is sub-contractor in this business and he is tax audit client.

one of my client dealing in interior design. Company mfg furniture in mumbai & then fixing & providing ( incl labour charges for fixing)in out of maharashtra at client place. when same doing in maharashtra then he charge the vat 8% under WCT. and what will be the vat tax rate for out of Maharashtra sale? now they charge CST @12.5%, is this right.
pls guide early.

The assessee pays LIC of Rs 100000/-per year for last three years.The premium paid was not disclosed in the books of account.Now the assessee realises the fact and wants to disclose the upcoming premium payments in the books.What are the remedies available and the consequences of the last three years premium already paid but not disclosed in the books.

As per FM's clarification TDS will be deducted at the time of Payme made by Client to Advertising Agency.But whether TDS will be deducted at the time of payment made by Advertising agency to Media. If yes at what rate and under which section.

sir query is that,
some person is working in erp implementation team in india, thus for assignment they have to go outside india also,thatswhy they earned some salary income from germany on which they deduct tax in germany and at the time of issuing the Form 16 company didn't show thats germany income.

so wt should i do for this germany income, whether we have double tax treaty with germany or not?

In the head INCOME FROM HOUSE PROPERTY it is mentioned that a person should be the owner of the building in order to treat the rent received under this head and it is further mentioned that ownership includes lease hold rights.
Now a person holding lease hold right pays rs8,000p.m to the actual owner and gives this property to another fellow and receives rent of rs 10,000p.m ,can he show this amount of rs10,000 under this head,and if he can do that where will he show this 8,000 as deduction

i have cleared pe-ii in nov. 2007 exam and i also have joined my articleship. now i want to do LLB from delhi university. can i also do it regularly and if not can i do through distance learning process. can there any procedure to seek permission from ca institute and du. plz tell