we award a main contractor on turn key basis and main contractor award some work out of this to other contractor in haryana, please advise there is need to deduct the wct of sub contractor through the main contractor, what is the rate of wct, and notification pertain to this

Dear All,

plz give me the full data of WORK Contracts
Tax applicability details.


Thanks

A company given Plot for to B company And B will give 27% of revenues amount to A. is It Royalty or Sale we consider . what is tax treatment give on payment amount ? TDS applicable under section ?

When we make a provision for employee benefit of Rs.20.00 Lacs in balance sheet but before filing income tax return actual figure comes out to be Rs. 24.00 lacs. then what amount we should take as deduction from our profit. and how we take effect of it in our books of account

sir
pls provide me a link to download a proforma of the recently amended (Balance Sheet And Profit and loss Account) scheduled 6 of the Companies act with schedules of all the items of B/S and P&l a/c .like the one presented by companies like infosys and others .

Thanking u in advance.

IS THERE ANY PROVISION FOR CALCULATION OF LONG TERM CAPITAL GAIN(OTHER THAN SHARES)HAVING TAX @20% WITH INDEXATION AND @10% WITHOUT INDEXATION.

Dear Expert,
Can u pls tell me from where I can Get the fair Market Value Of Gold And Silver As on 1/4/1981 for computation of Capital Gains?????????

A private ltd. co.has alloted shares in the name of partnership firm.
form 2 filed and approved by ROC.

how to rectify this mistake?

Hii..
can i knw ca final results of last 4 attempts like the result given in link below

http://220.227.161.86/23391annexB_190711.pdf

=>in the analysis, if a person wrote both groups & passed in 1st group only, will he come under both /1stgroup only..?

=> can i knw the result centrewise / atleast citywise ?

As per Income Tax law profit on sale of agriculture land as defined by the IT Law in the specified area/location is totally tax free.

My question is where to show this Income in the Latest ITR IV form?

First option is we show this amount under the ITEM 4 of Schedule "EI" i.e. " Net Agriculture Income (other then ...)"

Under this situation the Tax calculated by the EXCEL-ITR form is slightly different, it calculates the tax payable on the entire income including the taxable income and the agricultural income then it reduces the tax payable on the agricultural income amount. In this calculation the tax on the balance income which is taxable, increases as the tax calculation is on highest slab. So effectively we end up paying more tax because of agricultural income.





Second option is we can show this amount under the ITEM 6 of schedule "EI i.e. "others, including exempt income from minor child"

under this situation it may create unnecessary attention of the officer that from where the Income arise, even though we are very clear on law. instead if we can clearly specify the detail of income then there is no attention required by the officer.



So which option is the better and genuine option?