Dear Experts,

Whether following share investment expenses allowable as per I.T. act? under the heads of business & profession ,while preparing computation of income.

1)STT paid on Share & Securities
2)Expenses paid on Share & Securities
3)Expenses paid on Share - F & O
4)Portfolio management Charges

AND

Interest received on FD & Interest received on income Tax whether taxable or not? under the heads of business & profession.

Pls.solve my queries asap.

Regards,
Prakash Jasani
6th June 2008

whether minor handicaped income is added in the parents income u/s 64(1A)

DATE OF DEPOSIT OF TDS DEDUCTED IN THE MONTH OF MARCH

What is the due date for filing corporate and non corporate 44Ab cases for the Asst.yr 2008-09. Is it 30th Sep or 31st august.

Dear Experts,

1)Any expenses claimed by the assesses (i.e. Individuals/Firms/Companies),but suppose any bills is not in the name of assessees but in the name of Individual/Partners/Directors
(in bills address is mentioned residents as well as office) then this type of expenses is allowable as per I.T. act.? under what section?

2)Any expenses claimed by the assessees (i.e. Individuals/Firms/Companies),but suppose any bills is not in the name of assessees neither in the name of Individual/Partners/Directors (in case of leave & licence place or vice versa),then this type of expenses is allowable as per I.T. act.? under what section?

Pls.solve my query asap.

Regards,
Prakash Jasani
4th June 2008

Please Provide me latest updated 24Q form for Assessment year 2008-09.

Thanks in Advance

Hi,

I am passing my expense entry as follows.

e.g telephone exp

Telephone Exp Dr.
Service Tax Dr.
To MTNL

Now while making FBT calculation if i take whole telephone bill amount it means i am paying FBT even on Service Tax and it will be like double taxation.

Please suggest what is a proper way.
Wheather to take telephone bill excluding serv. tax or including service tax for FBT calculations

Vivek
Thanks

What will be the tax treatment for switching over of Mutual Fund ? Is it taxable in the case of Short-term? Which section of the Income-Tax support this case?

Sir,

My question is on what amount the TDS has to been done ,

If a bill has service tax component in it, whether TDS has to done on total bill value or excluding service tax component.

We have AMC with one of company
Such company also sold computer to us

My query is that on what amount we should deduct TDS ?

1> ON AMC ?
2> On AMC + Cost of computer purchased ?


Under what section will it be classified ?
194C or 194J