Dear Sir,
My father want to form a trust for his property and he want that he himself alongwith his sons will be trustee of the trust The object of Trust would be earning out of that property and expenditure on account of social oblgation of family as well as cheritable purpose. Please advice me and what will be tax treatment wheather it will be taxed as aop/boi or as individual/huf.

Regards,
Sandeep Aggarwal

Hi,
I would like to know wat is the Notified interest rate on Recognised Provident Fund balance? is it 9.5% or due to some Notification is it 8.5%? Taxmann (Singhania) says its 9.5%. Plz clarify! Interest credited in excess of wat % is exempt? Also,plz give me some site address or proof where i cn find this rate for my reference.

Dear Sir,

As one my relative is a rickshaw driver, he want to file his income tax return to get the housing loan. Whether is it right to consider his income under business head ?

If yes , then whether he is also require to file Balance sheet,P & L A/c along with return? Whether he can file return for last 3 years now?

I have taken a housing loan from bank of India for 20 years at 10.5% interest rate. Now I want to take a loan from my father and repay my loan to Bank of India. Can I pay interest to my father @15% and claim loss from house property.

my query is if Security Transaction Tax(STT) is paid by the assessee on trading of equity shares, whether Short Term /Long Term capital gain will be attracted?

kindly explain the same with brief provisions under the IT Act, STT Rules.

I HAVE TO FILE INCOME TAX RETURN OF A PATSANSTHA. I WANT TO KNOW WHETHER WHILE CALCULATING INCOME OF SOCIETY INCOME IS REQUIRED TO BE ADJUSTED FOR ACTUAL PROFIT i.e PROFIT AS CALCULATED BY THE SOCIETY IS REQUIRED TO BE ADJUSTED FOR ACTUAL NPA AS PER THE REQUIREMENTS OF LAW

How can i split the text containt of the cell into multiple rows, please help me?

On completion of assessment of partnership firm an addition of Rs. 150000 has been made. Can the partners claim higher remuneration as per the enhanced book profit after assessment. What is the procedure for that and whether the assessmentof partners will be reopened or it can be done u/s 154

Dear All,

If any person file individual return form-2(e-return) for the asst. year 2007-08 on 31-07-07 but he have not digital signature and he paid all income tax liability on 20-07-2007.But he file form V(acknowledgement) with I Tax dept.on 24/10/2007 than Income Tax dept.,would be treat with assesse.

harish

HIIIIIIII
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