what is the gross annual value?

municipal value = 36000
fair rental value = 40000
standard rent = 50000
actual rent = 48000


ans given in book is 48000....why so?

we consider (i) expected rent (ii) actual rent......whichever is higher..

in the above case expected rent should be 50000 because its more than mv and frv and is also higher than actual rent i.e 48000....plese clear my doubt..

thanks
regards
Mansi

I am a Salary Person having income 15 Lakh PA and I have ask my friend to file my ITR he filed the ITR after than i came to know that there was some refund to be claimed , he revised my ITR but by mistake he claimed "Loss on Long term capital gain instead "Loss on house property" Intt. on Home Loan , and I have received Refund from IT Deptt.

Now is there any way that I can send this cheque of Refund back to IT Dept.? I really do not want this undue advantage, and never hide my income from IT Dept.

Dear Experts,
Please clarify the Academic allowance paid to employee is a exempted allowance? the academic allowance should used for research and training of the employee?

i filled form 18,1,32 for incorportion of company but form 18,1 is required for resubmission on the basis of

(ROC)we may call Declaration/Affidavits from Subscribers/first directors first at the time of incorporation and from directors, to the effect that company/directors shall not accept deposits unless it complies with the applicable provisions of Companies Act, 1856, RBI Act, 1934 and SEBI Act, 1992.
pls clear me what declartion ROC want and what is it format ?

I've a confusion about at which point the TDS credit becomes available for claim in the ITR for taxpayer.

Situation:

Date of credit of income liable to TDS in the books of deductor : 31-Mar-12

Date of Filing of ITR by Taxpayer: 15-Apr-12

Date of deposit of TDS by the deductor: 30-Apr-2012

In th above situation the taxpayer will not have a Form 16A with him because the TDS has not been deposited by the deductor.
So, when filing the return of income at the said date, how will the taxpayer claim the credit of TDS for the concerning assessment year?

I am also confused about the time when the data of TDS credit or deduction gets updated in the TRACES so as to be reflected in Form 26AS?

Dear Sir

We want to import HMC exclusively for handling Port Cargo.What will be Custom Duty ?

Is there any concession in duty if the imported machinery use exclusively handling for Foreign Cargo ?

Regards

A Datta

Hi,



I need indirect tax book written by mohameed rafi in pdf format. can any one please send me the path. And anyone Please tel me what and all the important chapter in financial accounts

urgent

sir i am goint to file ITR for a NRI living in dubai...earning salary of 12 lacs per annum...paying rent 40000 per month..

how can i reflect those things in ITR..

and which ITR is applicable...and if any thing different from those of residend please tell me...

thank you..

my query is simple: Mr. x is appt by parent co as a employee and further mr. x was appointed as CS of one of subsidiary co. of parent company. Is it legal and valid in law. As one person is employed with other company and appointed as CS of other company.

request your expert opinion.

sir,
Is it necessary to deduct TDS on Transportation of goods.If so pl. say the limit and the Sec.no.

For every bill payment will by the limit upto 30 thousands and per annum the total amt will be near about 10 lakhs