I am a salaried employee. I have purchased a new laptop this year. I want to know whether i can get any kind of tax benefit from it.

I have written my exams in November 2008. Can u let me know regarding the date of declaration of results?

dear all,

What is the tax benefit will I get from donating to Prime minister Bihar flood relief fund? Is it 100% or 50%? Pls reply soon.

Whether Interest on income tax (234 B & C) should be included in provision for income tax in P&L a/c?
Is there ICAI Clarification?
Please make reference, if any?

I am paying service through E-Payment. but i did not get challan due to problem in my Internet connection. the amount debited to my bank account. Now, how to get the challan details? please answer if any one know.

Good Morning to all of you,

I Would like to Know Whether any site is available for the List of FII 's in india

Its urgent to know one Company is an FII or not

ThanQ

One supplier has issued a bill to us for the works contract. they have issued it on 26.03.2008. we also have booked the bill on the same date. we forgot to deduct tds & pay to the Govt.

now we want to change the entry from 26.03.2008 to 31.03.2008, because after changing the entry we will have to pay less interest than the above because the due date of payment will change from 07.04.2008 to 31.05.2008.

Can we do as above? Please reply

Our company got a bill from a party for Design of our new plant. The party has charged service tax on his bill. we have capitalised the value of this bill with the cost of plant.
Should we deduct TDS on the same?

I know that if we claim this amount as expense that it is sure that we have to sdeduct TDS u/s 194J, but in the above case we are capitalising the expense so i am confused.

please reply.........

Is Cash is regarded as 'Capital Asset' as per Section 2(14) of the Income Tax Act.....
If Yes then what are the taxing affacts under the income tax act and other Provisions of various acts.......




In My Opinion it is regarded as Capital Asset as it is not excluded from the defination of capital asset u/s 2(14).............

Sir can you please explain me the meaning of minimum alternate tax?