Anonymous
02 February 2010 at 10:25
Dear Sir,
The company received share application money in cash from the company employers during the year and company authorised capital was less than receivable application money.so company deside to return back the application money to the employees in the next year.But income tax as giving assesment order for that this a cash credit in the grab of share application and added back to income.so sir we had filled this case in C.I.T appeal for that i need some help form you so that i can perpare the case to fight in C.I.T appeal.
Further sir at the time of assessment all the employees were persent in fromt of officer.
Anonymous
01 February 2010 at 14:15
I have purchased a flat in 1989 for a consideration of Rs.2 Lac. i am selling the same house for Rs.20 lacs in Jan 2010. With the indexation what will be my tax liability. I am 80 years old and presently has no income or it is better to give gift to my son
Rajesh Kumar jakka
01 February 2010 at 11:10
Dear Expert,
Are Sudexho meal coupons taxable under Income Tax Act? if it so, what is the limit per day and per month?
INCOME TAX JAMMA KIS MONTH MONTH KIYA JATA HI BUSINESS KA OR INDIVIDUAL PERSONAL KA.
WHAT IS INCOME TAX & USE IN BUSINESS,INDIVIDUAL LIFE
charudureja
31 January 2010 at 13:57
we 5 brothers have sold our ancestral housee of 10 marla at chandigarh n each got 13.70 as share. now please tell me how to calculate the capital gain amount on 13.70lakh and where can i find it.the house was bought in 1967 and sale completed in jan 2010
thanks
sandeep chavan
31 January 2010 at 13:06
We are exporter and need to pay commission to our overseas agent who is foreigner. Are we liable to deduct the TDS on commission payable to our foreigner agent. If yes at what rate and under what section?
Regds
Anonymous
30 January 2010 at 16:46
My first question is in case of a lease deed, as per law who shall pay the TDS (lessor OR leasee )?
Clarification : We have executed an agreement where the rent of the building is 15,500 which is for a period of 3 years. The lessor is not ready to pay the tds. What is the option to the lessee ? Will the tds amount will be refunded showing the tds certificate ?
I would appreciate any help on my above queries.
Thanks In advance
long term capital gain
if i say the house purchased on 2001 for rs 525000 sold on 2008 and before selling invested rs 200000 for repair and maintaince and than sold for rs 12 lac . will i get deduction on rs 200000 is my cost will come 725000 lac