Income Tax QnA - Page No 26774

All Resolved Open

Abhi123

18 August 2007 at 04:17

Share of Profit which is exempt u/s 10 (2A)

Above section say that in th case of partner of a firm, his share in the total income of the firm shall be exempt from tax.

1. Whether total income of firm means income before tax or after making the provision of tax.

Total income of firm X partner's share in profit/ Total profit of the firm

It is no where stated abt the definition of total income for this purpose

2. if above is after tax, how will we provide for tax If we are maintaning books of accounts on cash basis

CA. Hemanth Kumar.

18 August 2007 at 03:31

Time limit u/s 200(1):

advice me ..what is the time limit allowed u/s 200(1)to remitt the tax deducted at source to the government during the current previous year...???

shyam

18 August 2007 at 03:16

Finalization of Balance Sheet

Dear Freind,
Presently I am working as a accountant.
but I can not finalazation balace sheet.I want to learn that how can i finalazation of balance sheet.i want to know all point which is necessary for finalization of balance sheet
my id shyamsharmajpr@yahoo.co.in
shyamsharmajpr@gmail.com
Thanks

apurva

18 August 2007 at 02:03

Vat credit of packing material

Can I take vat credit of packing material purchased against vat paid for trading activity?

rahul

18 August 2007 at 00:26

treatment of pre incorporation exp

A private Co. incurred some exp. before its incorporation.which includes expenses incurred for purchase of materialetc. what accounting treatment & balancesheet disclouser should me made.....

Abhi123

18 August 2007 at 00:06

Person in Army

Whether the armed personnel is required to file ITR

kamakshi bhutani

17 August 2007 at 23:33

IncomeTax refund

if a person does not claim his refund in his return...but form 16 has been attached with return....which shows refund of rs.2000
would he get his refund of Rs.2000??