vishal v. khade
17 September 2009 at 11:45
can you pls provide case laws decided
on the question that
whether expenses regardign compensation paid to worker for injury while cleaning the property place for the purpose of transfer the property as expenses for the transfer of propertyriven
hussain
16 September 2009 at 10:28
Sir,
Sir,
The company as given loan to directors in financial year 2005-06 and it was recoverd by deducting from remunaration in the finacial year 2006-07.for that the ITO says that the company is closely a private company and in that year the profit is about 15lac and the director holds 79% share in the company so as per ITO provision of sec 2 (22) (e) of the act the above loan is ti be treated as deemed divided.
so there any hope to save from tax.
riven
amar jeet singh raghav
15 September 2009 at 17:58
I have a client whose pension is 8500/- from army, 3500/- from U.P. government & 2500/- from Shara India.
Central Govt. is also issue a petrol pump in 2005,
she earned about Rs 2,20,000/- per year by this pump.
After clubing, her Income is about 394000/-.
So I want to know If there is any relaxation in Income Tax on War widow pension.
riven
Sudharsan.m
14 September 2009 at 18:26
Does service tax is liable for leasing the home appliances like furnitures? is there any SC judgement on this aspect?riven
hussain
14 September 2009 at 10:42
Sir,
A private company as received share application money in cash in bulk amount and the case is in scrutini another thing that the amount which as received in cash as been return in the next financial year through bearer cheques so please sugges me how i can keep this case in front of ITO.
riven
surendra gandhi
12 September 2009 at 12:05
The assessee is eligible for deduction u/s 80 IB of the Incometax Act 1961. Along with manufacturing activivties, the assessee undertaking has started job work for outsiders and receives labour charges from the parties. Whether the amount of labour charges received form part of the eligible profit of the concern? Can the assessee claim deductionu/s 80IB on such labour charges received or the same is to be excluded for the purpose of determining eligible business for claiming deduction u/s. 80IBriven
hussain
12 September 2009 at 10:10
Sir,
The query is that the private company has received share application money in cash in bulk amount during the year and it has been return in next finanacial year the case is in screwtatni so in case how we can persent in front of ITO please sugges me its urgentriven
manoj
11 September 2009 at 15:47
whether preference share dividend reduces accumulated profts ?riven
Sandeep Kumar Revaluri
11 September 2009 at 12:42
Dear Sir,
1)Is it required to get Authorisation from Commercial Tax Department, to sign on Invoice of Sales under Karnataka VAT? If so, what is the Form to be used for this(is that in KVAT Form 5)?
2)The word "Statements" given under Rule 171 of KVAT Rules, 2005, does it includes invoice too?
Thanks & Regards
Sandeepriven
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Disallowance under section 40 A (3) of Income Tax act of Ind
Please clarify legal position under above section for following scenario :
Payment made to transporter against each LR does not exceed Rs 20000/-. However during the day payment to same transporter against different LR exceeds Rs 20000/-. The freight is paid on to pay basis.
1. Is the amount so paid in excess of 20000 disallowed ?
2.Since transportation is on topay basis,can each transaction be viewd separetly and not be clubbed.
Is there any compliance required, where the expenses are not disallowedriven