hi..my client is a teacher..and has a salary of 3.20 lcs for FY 2008-09 & she has also authore few books witha publishing house and every year she gets aroyaltry pytr of about 2.50 lacs. she also gets Rs 10000 p.m as car lease/ hire charges from her husband as the car is in her name.
my querry..
a) how to account the royalty pyts ( from form 16A) , can we show expenses & claim exemption.if yes..what type of expenses & to whhat extent..??
b) What about the income from car lease ..what are the expenses that can be claimed so that her overall income can be reduced to save tax.

which ITR form will she have to fill for her returns.

kinldly suggest.!!!

thanx in advance...

As per budget, it is said that if a immovable asset (share) is transferred to some one without consideration or less consideration in comparision of fair market value is taxable over 50000/- as gift. my question is how fair market value will be calculated.

Can Cash discount & trade discount both be taken to reduce the sales value?

If cash discount is shown as an indirect expense in the books, can it be taken to reduce the sales value?

If cash discount which is recorded after recording sales for the month, can it be taken to reduce the sales value?

any one will tell me the procedure the formation of public and private company in detail and send me memorandum and article

in a private company what will be maximum and minimum director

please answer my question
thanks

Pls tell us supporting document of registration i.e ID Proof and Address proof?
are bank statement valid for address proof

I have two residential properties (one in my name and one in wife's)in Pune and one in Mumbai (wife's name). We live and have work places in Pune. I am showing property in my name in Pune as self-occupied. What are the options available to my wife? Can I and wife show seperate properties in Pune as self-occupied? Can my wife show property in Mumbai as self-occupied?
Will it make any difference to show property in Mumbai Vs in Pune as deemed let-out property?

Dear Sir,
My Name is Meet.I'm working in Private Limited company.So,Sir I wants to know how to maintain F&O Accounting in Tally.I Do each and every transaction entered or only Profit & Loss Transaction.

My cleints is a partnership firms who have established their business in the state of Himachal Pradesh after a certain date and full fill all the condition as mentioned in Scetion 80 IC of Income Tax Act and eligible for a deduction of 100% up to first 5 year and after that 25% for next 5 year.

Now our question is that if an existing unit which has already taken a benefit of 100% deduction in first five years, make substantial expansion in its sixth year of operation then will it be eligible for deduction of 100% for next five year?.

when r d results of final ca may 2009 gonna b declared

Can the auditor directly take expert opinion on matters where he needs expert inputs, in connection with issuing a report or certificate? Or, is it compulsory to route it through the client always?