Shall take service tax amount of Telephone Bills as input and in which category of service?
when minor has to file return separately ?
A married individual has professional income alone. with that income can he form a HUF? he doesn't have any fixed asset in his name.
Whether service tax will be applicable in case renting of immovable property by a charitable institution?
what is meant arm lenght transaction? answer this question pleassssssssssssse
Sir/Madam
My Previous Query was , Does the Maximum Limit Under Section 80D is Rs 20000/Rs 35000 or it is more than that for A.Y 2009-2010.
To Be more Clear i am giving following illustration.
Mr. X Invested Following in Medi claim Insurance.
Himself - 17000/-Rs
Dependant Wife-15000/-Rs.
Father Dependant(Senior Citizen)- 22000/-
Does Mr. X can Claim Rs 35000/-(i.e 15000/-rs on his policy and his wife's policy + Rs.20000/-on his father policy) or He can Claim Rs. 50,000/-or the maximum limit is 20000/-. for the assesment year 2009-2010.
I got a chance where i visited a car rental company it is basically a radio taxi services.
What they do is that they give there cabs on rent and then they debit them with such rent again they give them some duty for which they give them credit in there account.
When the duty exceed rs 50000 they deduct T.D.S. treating them to be subcontractor.
but they only deduct tds on net of of amount . eg if rent is 50,0000 and credit duty is 150,000 them they only deduct T.D.S. on rest 100, 000 . how should i explain them to satisfy what is the exact amount for them to deduct the T.D.S.
Plz REPLY
SACHIN MURARKA
9990417877
Sir/Madam
My Previous Query was , Does the Maximum Limit Under Section 80D is Rs 20000 or it is more than that.
To Be more Clear i am giving following illustration.
Mr. X Invested Following in Medi claim Insurance.
Himself - 17000/-Rs
Dependant Wife-15000/-Rs.
Father Dependant(Senior Citizen)- 22000/-
Does Mr. X can Claim Rs 35000/-(i.e 15000/-rs on his policy and his wife's policy + Rs.20000/-on his father policy) or He can Claim Rs. 50,000/-or the maximum limit is 20000/-. for the assesment year 2009-2010.
When we are sure that 10% deemed income is greater than Gross total Income irrespective of Unabsorbed depreciation is deducted from GTI OR not..
eg..
TAX
GTI 1,00,000 - 30% - 30000
DEEMED INCOME 3,50,000 - 10% - 35000
WE STILL have unabsorbed dep for 1,00,000..
my question is,
1. now should we deduct unabsorbed dep from gti and pay tax u/s 115jb or
2.we may keep unaborbed dep as carried forward benefit itself and pay tax u/s 115jb.
since we are going to pay tax anyway as per 115 jb can we adopt the 2nd case since it ll give benefit to us in future by carry forwarding
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