If a person gets some gift, whether in cash or in kind, just because he's enrolled in their mailing list, what'll be taxability of transaction for him? He's selected for the gift by chance of luck and no participation or payment from his side?

can it be regarded as casual income and taxed under Income from other sources? Will TDS be deducted?

LIC policy on life of assessee - 80C deduction is allowed only on payment of premium. For P.Yr - 08 - 09 last premium, say 4th quarter (jan 09)is paid only after mar 31st 2009. can he claim deduction for A Yr 09 - 10, as it is stated in the section that the amount need not be paid out of income chargeable to tax?
In brief : To claim deduction for A Yr 09 - 10 should the payment of premium (Pertaining to premium due on Jan 09) be before Mar 31st 2009?

could anybody tell me why there is no levy of education cess on wealth tax act.

Wht is the last date of tds return deducted in the month of march up to 30/03 and date for expenses booked on 31.03.2009

Also kindly let me know the last date of tds return on salary..

Regards,

Manish

Dear Sir,

IF someone is paying tution fees for the Full time education of his wife, Whether deduction u/s 80C will be available to him or not. please suggest

Regards
Dileep

Dear Sir,

IF someone is paying tution fees for the Full time education of his wife, Whether deduction u/s 80C will be available to him or not. please suggest

Regards
Dileep

Mediclaim for individual and her spourse can be claimed a maximum of Rs.15,000/-
For parents Rs.15,000/-
and Senior Citizen Rs.20,000/-

If an individual takes mediclaim for himself, spourse and his parents which comes to around Rs.35,000/- what is the maximum amount which can be calimed, is it Rs.15,000/- or Rs.30,000/-

Unrecorded sales found during search. Now A.O. can add only G.P. margin on unrecorded sales to profit or add full unrecoded sales to income.
please give some caselaws which add only G.P. margin on unrecorded sales to profit.

how do we allocate factory over heads to the product?

Respected Sir,
Whether Municipal Tax paid in advance can be claimed as a deduction from Gross Annual Value for a let out property?
In such a case, if Municipal tax paid exceeds Gross annual value, whether entire amount paid as municipal tax can be claimed as a deduction?