Situation:
In a partnership firm, One partner was vacate the place and after sometime two new partner joined the firm.
in income tax return which partner's name should be written???

Suppose an assesse has a salary income of 5L.
He provided medical policy investment eligible u/s 80D of Rs.1L. He has not declared income under Other sources of 3L and investment eligible u/s 80C for Rs.50,000 to his employer. Now his employer deducted TDS on tax on 5L-1L=4L. But he files his Return showing taxable income as 5L-1L+3L-50,000=6.5L. Now how will interest u/s 234b,c effect me and on what amount. Pls show the calculations.

sir, whether cash cash credit limit more than drawining power or viceversa happened , ia m lit bit confused about this. actually some person sais that cc limit always more than drawining power & some person said that cash credit milit never exceed drawing power . i am so confused about this. so sir plz guide about this a completed information ..

my gmail id is :himprince.280@gmail.com

We are a company in Bangalore, which is into creation of IP in the field of software technology. One of our IPs has come to a stage where we are in talks with companies in India for the sale of the IP.

What I would like to know is :

What are the taxes that are applicable if we sell our IP?
Are we liable for service tax?
Are we liable for sales tax, and if so, at what percentage?

I would appreciate an early reply to my query.

Dear all,

Pls suggest me which books to refer for online exam of NTPC ET-2013...
for Aptitude test
for finance test

Dear Sir/Madam,

If LIC agent commission received more than 5.00 lac. How to calculate their income u/s 57.

I am b.com final year student and I have given the final exam. If I take provisional registration to ipcc now, may I attend may 2014 exam?
At first how much amount of demand draft needed for provisional registration?
what are the other documents needed for this registration?

Please help me

thanking you

Sir,

on bill of modelling charges, tds is to be deducted on contract or on professional charges.

models were hired from a modelling agency for a photo shoot

We have been paying office rent of Rs.25000 every month from April without deducting TDS.
we pass accrual entry on month end. however payment is made in the next month beginning.

in case i want to deduct and remit TDS from June, what will be the interest to be paid for April and May month TDS??

Kindly Help.

Dear Experts,

My query is regarding erroneous understating of closing stock in FY 2009-10. The assessee got his BOA audited u/s 44AB, but neither the CA nor the assessee could find that error in which his closing stock was taken short by Rs.190,000. His that year's stock statement shows the following figures:

His op St was 260000
Purchases 135000
Sales 75000
Cl st shown 130000 (it shud hv been 320000)

Now during his assessment in sales tax dept. this error has come out, and he wants to know what can be done?? We cannot revise his income tax return, nor we can show different figures in income tax dept and sales tax dept.


Plz advise what shud we do to avoid adverse consequences???