Gapital gain 363000
Less: Expenses 36710
-------
326290
Less: Deduction 80-c 36860
-------
289430
income tax thereon 13943
edu 418
--------
tax payable 14361

above statement correct? any way reduce tax?

PLEASE PROVIDE INPUT WHETHER LIABLE TO FILE WEALTH TAX RETURN

PROPRIETORS CAPITAL 25.00 LAKHS

OUT OF WHICH RS 4 LAKHS IN SB ACCOUNTS, RS. 3 LAKHS INVESTMENT IN CAR, 1 LAKH IN MUTUAL FUND, CASH IN HAND 1 LAKH, AND 16 LAKHS LOANS AND ADVANCES ON INTEREST.

PLEASE ADVICE IS MY FRIEND LIABLE TO PAY WEALTH TAX OR FILE RETURN

I have filed TDS returns on varous softwares like Spectrum and Webtel. But please let me know the relevance of file validation utility with extension of .fvu file that is available on TIN NSDL site. Please let me know the entire usefulness of .fvu files.

do have to pay fbt of Q2 ??

PLEASE KINDLY LET ME KNOW WHAT TYPE OF EXPENSES ARE INCLUDED IN HOSPITALITY EXPENSES LIKE TEA ETC

One of our employee, who has taken loan to construct his home in Kerala, is asking to give deduction under Section 10D (Rent paid under HRA residence in Delhi) & on the other hand is asking for deduction under Income from House Property to compute Income Tax Liability. Can we consider both?

Hello All,

Thank you for your help in advance.

I have started a small business on September 6th 2007. I have two sweet shops and four curry points in Hyderabad. To my surprise my turnover has reached 60-70 lacs/year in less than two years. Apart from manually keeping track of my cash flows, I haven't yet hired an accountant or a book keeper. I have also not prepared any financial statements for my business till today. I know its pretty late and should get done with creating financial statements for my business as soon as possible. My questions are,

1)I know nothing about the financial documents that are required to be maintained by small businesses in the food industry. How do I go about starting with this accounting stuff for my business? What am I required to do stepwise?

2) Should I myself enroll in an accounting course and maintain my own accounts? If yes, which is the best course and institute in Hyderabad? I am a B.Sc(comp) graduate and have no accounting knowledge.

3) How to make sure I hire a reliable accountant who will actually do his job and not just fake that he is doing it? Should I go to a CA for preparing my year end statements??

Hello All,

Thank you in advance for your help.

I have started a small business on September 6th 2007. I have two sweet shops and four curry points in Hyderabad. To my surprise my turnover has reached 60-70 lacs/year in less than two years. Apart from manually keeping track of my cash flows, I haven't yet hired an accountant or a book keeper. I have also not prepared any financial statements for my business till today. I know its pretty late and should get done with creating financial statements for my business as soon as possible. My questions are,

1)I know nothing about the financial documents that are required to be maintained by small businesses in the food industry. How do I go about starting with this accounting stuff for my business? What am I required to do stepwise?

2) Should I myself enroll in an accounting course and maintain my own accounts? If yes, which is the best course and institute in Hyderabad? I am a B.Sc(comp) graduate and have no accounting knowledge.

3) How to make sure I hire a reliable accountant who will actually do his job and not just fake that he is doing it? Should I go to a CA for preparing my year end statements??

dear sir
i have terminated on 06-03-09 (actual date), and i have sent form no 103 shawing that i have teminated on 26-03-09 by using white liuid on termination date colomn.
insitute sent letter to both , me and my CA asking exact date of termination on 15-06-09.but i can not respond.
my ca gave reply to institute that termination date 06-03-09 (actual termination date.) but i falsly increased by 20 days .this happen by me to avoid the gap in period
what should do in this case i m in cofusion
what appropriate reply should be given

Dear All Expert,

I have a querries regarding TDS applicability, my question is a Caterer providing staff lunch to our Companay employee. He crossed the value of Rs.50000.00 in a F.year. Company have bear the 50 % of Cost of Lunch 50 % is deduct from staff salary. In this TDS is applicable or not U/S 194C.

PLS. REPLY URGENTLY.

Regards
Bishnu Deo Sharma
bishnu_jsr@rediffmail.com