We r a propreitorship firm it seem to us that our tax lability will across the limit of Rs. 5000 /- then how we have to paid our Tax.I am not confirm pretty much about the three installment which we have to paid . So Please throw some light on it.

rule or circular saying the above?

please explain in detail about Form 'F'

and what is the tax liability

which documents to produce for getting Form 'C'

thanking you
Balu

We are drug mfrs in ap. we are having R & D in factory. we want to claim R & D expenses u/s 35ab. pl. help to claim the deduction the whole procedure.

Dear sir

We have a propritor concern.We are depositing TDS regularly and mentioning our old office address on challan as we are now shifted to other place in the same city.wheter we have to put our new office address on challan or not as we have no working in our old office..if yes then we have to inform taxation authority regarding address or not??
The category of deductor is individual..

Dear Sir/Madam,

Whether FOB Value for the purpose of calculating DEPB Value includes packing cost of materials shown seperately in the invoice

pls. reply it immediately.... prakarthi@gmail.com

prasanth v nair

A Land of 5000 Sq ft is given a Developer & Builder in 2004-05 for Development and the consideration for the said land was a Flat of 1000Sq ft and a Shop of 300 Sq ft in the same Premises of Land under development.
Value of Both is Considered in the Agreement Flat 1000 Sq Ft 1250 1250000,Shop 300 Sq Ft@4000 1200000/-
Total Consideration 2450000/-

Possession of both Flat & Shop is received in 2007-08
Question
1) Whether Transaction is Subject to Capital gain or Business Income?
2) If Capital Gain in which year the Income is Chargeable to Tax whether 2004-05 or 2007-08?
3) Sale Consideration As per Agreement in year 2004-05 is Rs. 24.5Lakh but the value for the same in 2007-08 is 29.Lakh Which Sale Value to be considered?

Hi friends,

I am appearing for CA Final May 2009 exams, can anyone help me out with Recent Amendments & case laws applicable for May 2009 exams?

Regards,
Amit

One of my client wants to file his Return of Income for the A.Y. 07-08. During the relevant P.Y. 06-07, he earned Salary Income and Income from Other Sources from April 06 to September 06. From October onwards, he started a proprietary business. Prior to A.Y. 07-08, he has never filed his return of income (this will be his 1st return). As no return is filed before this, how do I show the source of the initial Capital introduced by the proprietor ?? If I show Salary income as well as Business income in the return, will it suffice the cause to prove the source of capital introduced by the proprietor ??

One of my client wants to file his Return of Income for the A.Y. 07-08. During the relevant P.Y. 06-07, he earned Salary Income and Income from Other Sources from April 06 to September 06. From October onwards, he started a proprietary business. Prior to A.Y. 07-08, he has never filed his return of income (this will be his 1st return). As no return is filed before this, how do I show the source of the initial Capital introduced by the proprietor ??