Corporate Law queries [36062]

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harshit

25 March 2009 at 14:38

querry

meaning of 'associate'?

rachit jain

25 March 2009 at 14:38

amendment in section 40A(3)

Please explain recent amendment in sec 40A(3)with example

hitesh kumar

25 March 2009 at 14:37

there is an agriculture land i.e. it is not a capital asset.A small area of that land is compulsorily acquired by the state govt. for which compensation is given to the assessee. the land is to be used for laying pipeline. To be more specific we can say out of 100 sq.feet 1 sq.feet is acquired by govt.It is important to note that in the Agreement it is very clear that Ownership will remain with the assessee. But he cant use that area (i.e for the purpose of cultivation or anything else)where pipe line is laid.

My query to the experts is:
1. whether compensation would be taxable
if yes then under which head of income.
please answer specifically & if possible with the help of provisions & caselaw.

if not then also explain the reasons.I think the experts didnot get it I strongly emphasised that Agricultural land is not sold ownership remains with the assessee

rachit jain

25 March 2009 at 14:37

amendment in section 40A(3)

Please explain recent amendment in sec 40A(3)with example

rachit jain

25 March 2009 at 14:32

time limit for making a invoice

what is the time limit for making the invoice by the service provider and issuing the same to the customer IN PERVIEW OF SERVICE TAX ????

RAJU MAGAM

25 March 2009 at 14:28

duduction under 80C

One of our employee has submitted fees receipt of his son as per folloing:
Tution fees : 5000
computer fees:1000

His son is in 1st STD and computer is part of basic subject. Whether he will get exemtion under section 80C?

inderjeet

25 March 2009 at 14:20

professional tax

Hi All
prof. tax ded. by an employer monthly but forgot to deposit for one month although recovered from emp. salary. what an employer should do?
can he deposit it late( with or without fine)?

Thanx

CA. Vinod

25 March 2009 at 14:18

TDS

Can TDS for FY 2008-2009, be claimed in FY 2009-10, if the actual payment recd after 31-3-2009,when assessee is maintaining its books on cash basis and the procedure for claiming the same.