Anonymous
28 September 2010 at 17:59

wct

WHETHER wORK CONTRACT TAX CAN BE CLAIM AS EXPENSES IN BUISNESS OR CAN BE CLAIM AS REFUND IN VAT RETURN BCOZ THE ASSESSEE IN BUISNESS OF CONTRACT WHERE THERE IS NO VAT ON SALES AND HE HAS VAT INPUT ALSO.

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sreenath
28 September 2010 at 13:03

Profit on Sale of Vehicle

Dear Sir

Our Company is Sold a car As per Companies Act It is Showing A Profit of 167500 we are Charged to P& L Account. Now My Question is The same Profit is Deductible Or Not for in the Computation Of Tax Please Guide Very Urgent

Thanks & Regards

Sreenatha Reddy

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Anonymous
28 September 2010 at 12:58

44ab

a doctor have a salary income of 6 lakhs and professional income of 7 lakhs ,whether he has to do tax audit.

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Anonymous
28 September 2010 at 10:13

TDS On Leased Line

Please tell me what is the TDS rate applicable on Internet Leased Line.

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sree
27 September 2010 at 22:59

12A

can an educatinal society apply for 12A if so which form is to apply and how?

One of my fried educational society earned a gross receipt of 29 lakhs can we claim exemption u/s 10(23c)iii ad?

If an Educational Society paid a tax of 100,000/- in PY can the society eligible for apply of 12A?

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C.A. LINESH PATIL
27 September 2010 at 22:13

Appeal

1.can CIT revise an order under section 264 one matter of which is subject matter of appeal with tribunal.

2.can at a time assessee can go for appeal to tribunal and revision under section 264 on different matter.

say two expenses A & B disallowed by AO then-
1.can Assessee file an appeal to tribunal for exp A.

2.can he make application to CIT for revision of order for expenses B under section 264.
plz reply soon

Thanks in advance

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Anonymous
27 September 2010 at 18:35

tds on broker of transport

FOR A.Y.2008-09
one of our client is broker of transport of goods .he is getting rent amt from the X co after deduction TDS, the same amt is paid to the person from whom we hired the truck.and we receives brokerage form him .

whether our client is required to deduct TDS on payment?? ....

pls advice me

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Chitra Nair
27 September 2010 at 17:41

NIC Codes

Can anyone provide me with the NIC codes for Business activity and NIC codes for the District? (This is required for filing the FC-GPR report with the RBI)

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Anonymous
27 September 2010 at 12:23

Tax on share trading business

Hi, one of my clients is a small time share trader. He conducts his business out of his home. He has earned some profit out of the business during the financial year 2010-11.

What will be the income tax rate on business income through shares trading?

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RAJ VERMA
27 September 2010 at 06:33

GROSS AMOUNT VS BASIC AMOUNT

I AM WORKING IN FIRM WHICH DO THE BUSINESS OF MECHANICAL CONSTRUCTION WORK IN REFINERY. I WANT TO KNOW THAT WHAT WILL BE THE SALE AMOUNT IN TRADING ACCOUNT BASIC VALUE BEFORE SERVICE TAX OR THE AMOUNT (GROSS AMOUNT INCLUDING SERVICE TAX) ON WHICH CONTRACTEE DEDUCT THE TDS.PLEASE CLARIFY THE MATTER IN RELATION TO CONTRACT.

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