Husband's(H) gross income is much higher than wife's gross income. Wife(W) gives her professionally earned money to Husband (H). H opens FD with bank & invests remaining part of that money in stock markets on his name. Bank deducted TDS with H PAN and all transancation done in stock market are with H PAN.

Is there anyway that the income from FD and stock market investments can be reasoned as belonging to W for income tax purpose? Please note that H's individual gross income is higher than W's individual gross income.

For calculation of Deferred tax relating to timing difference arising out of fixed assets, do we take the difference between WDV as per books and WDV as per Income tax; or do we take the difference between depreciation as per books and depreciation as per Income tax act.

can anybody confirm that whether surcharge is leviable if the Payment or INCOME of party does not cross the respective limits of 1 crore and 10 lacs.thanks in advance

if partners decide to charge interest on drawings and give interest on capital in partnership deed but no rate is decided, what rate should be taken?

Why it is said that ca exam is difficult to clear? is the marking tough or the student should have deep knowledge of the subject?

during jan 2007 we have remitted some lakhs towards purchase of software from US. payment was made through bank via TT, after completing all formalities. later we were permitted to down load the entire software through internet. we have not remitted customs duty as usually we are paying at the time of clearing the goods. here there is no clearing process.then what about the customs duty on this purchase.and how to remit, if avoided what will be the consequences.

if LIC Premuim paid by husband,wife can claim under sec 80C

Dear Friends,

Please clarify the following

The assessee is a manufactuing co and not a service provider. The co has liable to pay the service tax on (freight) carriage outward.
1.Is it the co can set off its service tax credits taken for paying the service tax on carriage outward?

2. For the service tax liability (i.e service tax on carriage outward) can it set off against the cenvat on excise on inputs.

Thanks &Regards
P.Saravanan

WE HAVE PAID EXCESS SERVICE TAX TO THE GOVT THAN WE COLLECTED IN THE FINANCIAL YEAR 2006-07.
MY QUERY IS THAT, CAN WE ADJUST THAT EXCESS PAID AMOUNT IN FINANCIAL YEAR 2007-08.

IF IT IS POSSIBLE, KINDLY GIVE THE PROCEDURE TO BE DONE FOR ADJUSTING THE EXCESS PAYMENT.

KINDLY PROVIDE THE RELAVANT RULES OR NOTIFICATION.

REGARDS
DJD

Can someone please give me a list of BSR codes for banks in Bangalore