Venugopala Rao Sapireddy
28 February 2009 at 14:16

deduction u/s 80gg

one of my friend invested in 3 partnership firms, on that investment he get interest and as well as profit share. he is assessy under huf. shell he get deduction u/s 80 gg is in respect of rent paid . And what is the tax rate on taxable income slab rate like
110000 - nil
110000 - 150000 - 10%
150000 - 300000 - 20%
300000 - above - 30%
(or )
directly flat rate 30%.
my friend's auditor calculated tax directly 30% on taxable income. and also not deducted u/s 80gg dedyctuibs is in respect of rent paid


sumit
28 February 2009 at 13:51

Return-file

in case of company if return is not filed before 30.09, is it necesary to submit tax audit report before return filing date and what documents is to be attached when filing the return


sumit
28 February 2009 at 13:44

Tax Audit

As per sec 44AB, if t/o exceeds 40,00,000 then tax audit will be applicable. now suppose in any previous year,tax audit becomes applicable to the company and in a succeding year T/O is 25,00,000 i.e lee than 40,00,000 thenint that case will tax audit will be applicable for that year?


manish
28 February 2009 at 13:35

leave calculation

wheather sundays to be included in leave taken?
suppose my total leave is 140 days(say for exam purpose) and it includes 15 sundays(weekly holiday) what will be my total leave 140 or 125(140-15)?
i reffered TRAINING GUIDE wherein ANNEXURE II says "leave (excludes weekly holiday).

pls send me right interpretation. send me any written material to show in office.


Rajeev
28 February 2009 at 13:21

appointment of first auditor

Whether there is any time limit for the appointment of first auditor before the 1st AGM of the Pvt Ltd or Public Ltd Co.


Dhaval Halvadiya
28 February 2009 at 13:20

Tally 9

sir, can i get information about Security system to Develope internal control system of accounting staff?


CA Manikandan.A.V
28 February 2009 at 12:58

Can ICWAI/CA/CS use Green Ink

Can ICWAI/CA/CS use Green Ink for signing their reports.


Manoj Sharma
28 February 2009 at 12:27

Input Credit

Can we claim input tax of a rented accommodation of the same premises of which we are paying service tax on rent as half of the portion is subleted to somebody else by us and we are charging servie tax from him plus we are also paying service tax of another building rented to another person?


elamathi
28 February 2009 at 12:26

service tax

Hi.please clarify...
In a company there is both export and domestic sales.Where as the turnover limit for service tax is Rs10,00,000.
Hence for purpose of computing the said limit whether the export sales is also included?
(Total sales = Rs.1500,000(includes export sales of Rs.700,000)in this case which is the turnover to be considered?)


Manoj Sharma
28 February 2009 at 12:25

Input Credit

Can we claim input tax of a rented accommodation of the same premises of which we are paying service tax on rent as half of the portion is subleted to somebody else by us and we are charging servie tax from him plus we are also paying service tax of another building rented to another person?






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