hi experts

one of my freind earned LIC Commission of Rs 14,00,000/- and tds Deducted by LIC is 1,52,840/-. While filling of income tax returs which head i have to taken into account, iTS Income from business/professional or income from other sources, What is the percentage of income to declare to depatment, he is also have income from let out property. Which ITR We have to going to file to dept. pls advice me. There is confusion in theat shall i file ITR 4 OR ITR 2. What are the business expenses i have to show in profit and loos a/c if i show it as a business income pls advice me its v urgent

Sir,
I have a query in regard to signing of tax audit reports. My query is "Can a partner of auditor firm sign on behalf of another partner? If yes, then will it not affect his limit to sign 45 tax audit reports as in Income tax return his name will be stated as auditor."

in coming in what will be happen in stock market weather it is go up or coming down

in coming in what will be happen in
commidity market

in coming in what will be happen in stock market weather it is go up or coming down

in coming in what will be happen in commidity market
some clues are (daily in rain , increasing in oil prices)

Pls clear your views

one of our client who prints the medical reports of patients of one multi speciality hospital on their behalf and laminates the printed medical report and despatches that report directly to patients and charges the hospital for this service provided. Hospital is not supplying any material to our client for printing and client himself is purchasing materials reQuired for printing. My client doubt is whether he has to charge service tax or vat in the bill charged on hospital.

Please reply soon... very urgent......really urgent....

I have a basic doubt regarding Straight Line Method of Depreciation. In SLM method the value of depreciation is arrived by (Cost-Scrap Value / Useful life)
then why there is Rate of Depreciation is defined for SLM metod (As per Companies ACT) That too for Shift wise.

Is on any occassion, SLM is calculated by specified Rate (%)

Kindly suggest me in this regard

Plese give me full details about Minimum Alternate TAx.

01.Whether Income Tax act have any objection on reimbursements of Multiple Telephone Nos. & Prepaid Telephone Bills?

02. Send me the related Income Tax Downloaded Documents with Notification /Section No.

Dear experts

We wish to send raw material to our jobworker for process.We have availed cenvat for RM for the same.What is the procedure to sent r.m for jobwork?
In which circumtances permission or precribied challan required for disp. of material to job worker?

In future if we wish to send some r.m directly from supllier to job worker and some r.m from our factory which procuedure we have to follow?

Please help &give proper guidline for documentation and procedure.

Thanks
Sandeep

Experts Pls Pls reply me :-

In Form No. 17 its compulsory to fillup deductee PAN. What happen if the deductee has got income less than taxable limit & doesnt have PAN.
(ex :- Mr.X having annual income only Rs. 40000/-. Also Mr. X got professional charges(only one year)Rs. 50000/- from the XYZ Ltd co. The company must deduct TDS from X, X does not having PAN. But X can take certificate (NIL deduction) from IT dept. for Applying same PAN is reqired. Pls suggest me without Deductee PAN or without Tax Deduction, XYZ co. can make the Professional charges Payment to Mr.X)

Thank you