As per sec 28(v)of the Income Tax Act, 1961 partner's salary should be taxable as a business income(under the head incomes from business or profession)while filing the individual return of the partner. why cant it be taxed under the head incomes from other sources? wat is the logic behind that? in either, ultimately cases the salary will be taxed. so i want to know the logic behind that.

hi sir,
i have a client of salary he has withdraw the salary of rs, 65000 p.m. how can i make the tax planning for that person please make the tax suggestion to the extent of lower tax liability

What do you mean by Flat Rate in the system of providing loan by Banks ? Explain the procedure of granting loan by banks, what are the terms and conditions, requirements, 'terms' such as Margin, collateral security, flat rate, etc. used in the procedure in a simple manner.

What is Global Depository Receipts(GDRs)as well as Indian Depository Receipts ? Please explain in simple and easy manner.

Can the benefit of exapalnation to rule 6 in excise law in respect of deemed consideration be availed by the assessee under sales tax law?

Dear Freinds,

Kindly let me know the applicability of Servise tax on Job Charges.

My Company is Forging manufacturer (Iron & Steel)and carry out job work on material provided by the parties.

During Excise Audit of FY 2006-07, Auditors are asking to charge Service Tax on Job Charges.

Kindly Solve the Problem at the earliest

An individual (not liable for Tax Audit) paid total tax as Self assessment tax before the due date of filing his return for AY 06-07 that is before 31 July 06.He filed his return for AY 06-07 in the month of December 2006.The AO levied Interest U/s 234A for late filing by applying rate of interest on the tax paid before 31 July for the delay in filing the return.The Assessee contends that the interest should be Zero as tax payable was 0 and 0 multiplied by any rate of interest will be Zero.Who is correct?Why?

The Section 234A does not give credit of SA Tax in such a situation.What about natural Justice? Is natural justice demand by assessees tenable in tax laws?if yes ,why? If not,Why?

Dear Friends,

I am in need of details of the follwing High Court case:

Details of Case: CIT v Panama Chemical Works (2000) 245 ITR 684 (M.P.)

The case is regarding submission of Form No. 10CCB during the Assessment Proceedings.

Pls send me ASAP.
Thnks.

Dear Experts

Section 194C excludes TDS on hire charges, i want to know whether 194I is applicable for hire charges for Plant & Machinery...............


Pls reply soon

WILL ANYONE SEND ME A COPY OF PE-2 MERIT LIST MAY-2007 ATTEMPT OR ANYONE KNOWS ABOUT THE CLOSING MARKS OF MERIT LIST FOR 50th RANK