1. Is there any disallowance of expenses if provision is not made ?

2. Is it complusory to create provision ?

3. Can provision be created for purchases ?

4. why prior period expenses are disallowed ?

5. what if I paid the expense of march in april ?

Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.

About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.

The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.

But I can not submit any proof of income to the bank for the payment of EMI.

The bank will provide the loan or not ?

which bank providing / not providing the above facility.

S.K.

1.Company Incurred Loss During the year 0.50 Lac
2. Brought Forward Loss Rs.15.00 Lacs
3. Depreciation Not Charged by the company
4. Company sales its factory premises of Rs.48.00 Lacs there is no assets block after sale proceeds
5. Regular files in time return
6. Cost price of factory premises Rs.25.00 Lacs
7. Book Value of Factory Premises Rs.12.00 lacs

can capital gain set off against B.F Business Loss

and how can be minimize the tax liability?

How a person could get certified copy of ITR-6 filled electronically using Degital Certificate.

Could any body clarify on the difference between an AOP,BOI & a Firm?

I have taken house on rent for my family and me in delhi and my workplace is in ludhiana. can i calim HRA exemption for rent rect. of delhi. or both please clarify

Dear Sir,

I need to file a return of a company in
ITR 6 for the FY 06-07.

But there's only an FBT return in my submission so do i need 2 fill the Balance sheet and P&L figures in ITR-6.

Please reply ASAP

Kind Regards

Nitin Jogad

Hello frnz...
My query is related with Sec 44AB i.e tax Audit.

I want to know that if the assessee has gross receipts of more than Rs. 40 lacs from the agriculture dealing; whether he will be liable for tax audit or not?


As agriculture income is exempted from tax.

what is the concept of carbon credit

CAN U PLZ GUIDE ME, IS TDS SHOULD BE DEDUCTED ON ENTIRE BILL INCLUDING SERVICE TAX.IF IT IS POSSIBEL THEN SUPPORT UR REPLY WITH ANY CIRCULAR\NOTIFICATION