asha fernandes

can co-operatives societies like "souharda"as they are called who are mainly engaged in providing credit facilities to its members can claim sec 80P under the income tax act from A.Y.2007-08.( as far as a plain reading of the act goes it looks like we cant . but i have come across a lawyers elaborate explaination saying it can be claimed)


Tima
18 July 2008 at 10:51

local authorities

hello, in the income tax act in terms of person there is a mention of "Local Authorities" . does it mean only municipal corporations or does it include other institutions?


asha fernandes
18 July 2008 at 10:46

sec 10B of the income tax act

one of the conditions of sec 10B is repartriation of sale proceeds to india in 6 months. but in case of a indian subsidiary(software developers) who transfers all the software developed to its foreign parent company who in turn sells it to outsiders, there wont be any repartriation of sale proceeds. in this case will sec 10B apply here.
the subsidiary company gets money from parent company towards expenditure
secondly is it correct to book income by applying transfer price methods


SIMA
18 July 2008 at 10:29

TDS DEDUCTED AT SOURCE

HI VINIT,

BUT MY QUESTION WAS SINCE THE PROFESSIONAL IS RENDERIN PROFESSIONAL SERVICES BUT THE WORK WHICH I GAVE WAS ON CONTRACT JOB.
THEN IF IT WILL NOT 194J BECAUSE AMOUNT GIVEN TO HIM MIGHT BE FALL UNDER PROFESSIONAL SERVICES RENDERED


SIMA


siva kumar
18 July 2008 at 10:26

Due Date of filing return

A Firm consist of 2 partner. one is working partner & another is sleeping partner. The firm turnover is 50Lakhs.

The due date of working partner of firm to file a return is due date of firm ie.30th sep

what about due date of sleeping partner of firm to file a return. Whether it is due date of firm or individual? give the supporting also.


Harpreet
18 July 2008 at 10:00

investments

sir, but where i will get good returns. i belong to middle class. so pls suggest me where i can invest my money.


narender pal

if i issued a work order to a contractor labour+material both cost & i also pay him 5% Vat , 4.125% S.Tax extra on Contract amount can u suggest me what tax i have to deduct T.D.S or W.C.T what & what %


narender pal

if i issued a work order to a contractor labour+material both cost & i also pay him 5% Vat , 4.125% S.Tax extra on Contract amount can u suggest me what tax i have to deduct T.D.S or W.C.T what & what %


Bhaskar
18 July 2008 at 09:58

courses to do after CA

what are the best options to study after completing CA


jitendra

Hi,
I am preparing for Corporate Law- SEBI DIP Guidelines. I found it little difficult to get hold of all DIP guidelines.Even if the it comes for maximum 16 marks, I am desirous to get hold on the subject.Is there aany way to cover all guiddelines in shortest time? are there any important guidelines on which can be concentrate upon? Kindly advise.






CCI Pro



Answer Query

Follow