whether ausit of trust is reqd under any other law other than IT act (sec 139(4A)
K
assessee (Mr A) has 5 business i.e. sorce of income
1. manufacturing cigrattes--35 lac
2. manufacturing toys---15 lac
3. retailer------40 lac
4. profession----38 lac
5. services (supporting)--4 lac
for calculating limit of 40 lacs whether all should be clubbed or only business of same nature should be clubbed & 3 audit reports should be prepared (1 for 2 manufacturing bs+1 for retail+1 for professon+servics)+(1 computation for all)?????????????????
due date of filing return of working partner of tax audit firm--30/9 but if it is a sleeping partner whether date wil be 31/7 or 30/9.
wht is due date for filing return of any director (MD,executive directer etc) of co
since director is not mentioned in ""30/9 para""
139(1A) & 139(1B) operational today also?difference when we say int is compensatory in nature(234A(1)) & int is penal in nature (234B(1))?
if a political party is not registered under representatives of people act 1951 whether it can claim exexmption u/s13 A?
the persons other than those specified in sec 2(31) shall be assessable at individual slab rateseg trust political party whether registered or not
2(ea)(iv)yachts,boats and aircrafts (other than those used by the assessee for commercial purposes)
whether commercial purpose would mean only stock in trade+business use++if such asset is used by directors/MD of companies to discuss business deals?
my ? wht wil be assets & what will not be assets?
pls answer urgently..thanks in advance
whether land & bdg both are assessed separately in wealth tax
Rajesh Kumar jakka
21 December 2009 at 16:02
Dear Expert,
we deducted tds as per sect 194c instead of 194 I on equipment hire charges and we paid accordingly.
but now ITO objected that and he is asking us to pay the differential duty amount.
but my service provide has already filed his return and paid the tax on his sales of services.
if i pay the differential tax, it would amounts to double tax (my diff. payment and the tax already paid by my service provider)
hence in this case what procedure i have to follow;
please kindly let me know in this regard.
bonus stripping
just like bonus+right share stripping whether there is any right share stripping?