If i receive a Insurance claim arising from my car insurance policy then what will be the treatment as per Income Tax.???? Whether it is taxable??how will it be treated?

Sir,

I have received Intimation U/S 200A of the Income Tax Act,1961, Notice of Rs.1200=00 has been payable.

Rs.1200-00 shown in Serial No.5-in Type of Default - Late Filing fee u/s 234E.

I want to pay this amount through Challan No.ITNS 281. which details of payment I must write this amount, like, Income Tax, Surcharge, Education Cess, Interest, Penalty.

Thanks,

Pravin.

WE ARE DEDUCTING APPLICABLE TDS ON SALARY IN EQUAL MONTHLY INSTALMENTS FROM SALARY OF EMPLOYEES.
NOW INSTEAD OF DEDUCTING FROM MONTHLY SALARY CAN WE ADJUST MONTHLY TDS AGAINST ANNUAL BENEFITS DUE BUT NOT RECEIVED FROM COMPANY BY PASSING ACCOUNT JOURNAL VOUCHER. Is there any adverse complication for doing this ?

urgent please

for F.Y 2012-13

In a private limited Company.there is fixed assets as...below
depreciation was being made since 2009

Mobile of Rs.1442/-on 31.03.2013
Air Condition of Rs.7480/- on 31.03.2013

No depreciation has been made on 31.03.2013

Now I want to dispose theses assets..please tell me what effect to show in balance shee and how..regards

A Doctor maintaining his accounts in cash basis. He purchased some medicines for his patients and he paid portion of the purchase bills only. Can he take full value of the purchase bills (including unpaid bills)to purchase or not.

Which Conditin balances W/off or W/back,plase define prosiger

If the qts. says if a share of rs. 100 is converted into a share of rs. 25 during the process of reconstructon , is dis a case of subdivision of shares or reduction in face value ?

what is the proper designation should be given to an employee who is company secretary inter pass and working as a compliance officer in a listed company having paid up capital of 3cr.

I WANT TO KNOW WHICH SET OFF IS AS PER RULE & CAN POSSIBLE TO DO..?

QUE. - FIND SET OF FOR AY 2012-13, -- iNDIVIDUAL HAVE SPECULATION LOSS C/F FOR AY 2011-12.RS.600000/-

INCOME OF AY 2012-13 IS INTEREST RS.3300000/- , SPECULATION INCOME RS.700000/-, BUSINESS LOSS INCULDING (INTEREST PAID OF RS.2900000/-) RS. 3100000/-

WHICH ANSWER IS CORRECT

OPTION 1 - SPECULATION INCOME 700000 - SETOFF LOSS OF AY 2011-12 RS.600000/- = NET 1000000/-

& INTEREST INCOME 3300000/-- CURRENT YEAR BUSINESS LOSS SETOFF rS.3100000/- = NET 200000/-

OPTION -2, SPECULATION PROFIT 700000 - CURRENT YEAR BUSINESS LOSS SETOFF UP TO rS.700000 = NET niL

& INTEREST INCOME 3300000/-- CURRENT YEAR BUSINESS LOSS SETOFF rS.2400000(31-7)/-= NET 900000/- & LOSS OF SPECULATION OF AY 2011-12 600000/- TO BE C/F



OPTION -3, INTEREST INCOME RS. 3300000- INTERST EXPS. RS.2900000= NET INTEREST 400000

BUSINESS LOSS 3100000- INTEREST EXS.2900000= 200000 NET BUSINESS LOSS

INTEREST 400000 = NET INTEREST INCOME 400000

SPECULATION PROFIT RS.700000/- - CY. BUSINESS LOSS SET OFF 200000- PY SPECULATION LOSS RS. UP TO 500000= NET NIL & LOSS OF SPECULATION AY 2011-12 CF RS.100000.

I WANT TO KNOW THAT FROM WHICH DATE " COMMODITY TRANSACTION " IS CONSIDER AS BUSINESS TRANSACTION ????????????



ALSO WANT TO KNOW THAT " COMMODITY TRANSACTION TAX " IS CONSIDER AS BUSINESS EXPENCES AND ALLOWED TO BE AS BUSINESS EXPENCES FROM WHICH DATE ??