Rajkumar Maheshwari
19 March 2008 at 19:02

Calculation of H.R.A.

1.How to calculate H.R.A. in Income Tax.
please provide full details.


Rakesh
19 March 2008 at 18:57

Trust Audit

1.Trust Audit is mandatory under income Tax Act
2.If a trust has not audited his accounts and 3 years balance sheet audited with us on today. Then on today we will done the Audit as per income tax act or only Balance sheet Audit would be made by us.
3.can we file the Trust Audit of previous years in near future.
4. Any penalty provision impose on the trust.


Dinesh Gupta
19 March 2008 at 18:08

TDS on Internet Services

Please inform whether tax is deductible on telephones/Internet under Section 194C. Are there any case laws to support the answer. I have seen some people deduct tax and some do not.


CA SHARAD SINHA
19 March 2008 at 17:50

TDS ON DEEMED LET OUT

SHOULD THE EMPLOYER CONSIDER INTEREST ON HOUSING LOAN FOR DEDUCTION FROM SALARY INCOME FOR THE PURPOSE OF TDS ON A HOUSE PROPERTY SITUATED AT A PLACE OTHER THAN THE PLACE OF EMPLOYMENT?

IN THE EVENT YES, SHOULD THE DEEMED INCOME FROM HOUSE PROPERTY SHOULD ALSO BE CONSIDERED BY EMPLOYER (WHICH MAY ALSO RESULT IN SURPLUS INCOME FROM HOUSE PROPERTY)

WILL THE ANSWER BE ANY DIFFERENT IN CASE SUCH HOUSE PROPERTY IS OCCUPIED BY PARENT/RELATIVES OF THE ASSESSEE IN HIS NATIVE PLACE/USUAL PLACE OF RESIDENCE?


Chirag B Shah
19 March 2008 at 17:50

Capital Gain

In Asst Yr 04-05 i have long Term Capital Gain in Equity Shares after applying 10% without indexation and Long Term Capital Loss in Equity shares at 20% after applying indexation, Now Can L.T.C.L derived after applying indexation can be set-off against the L.T.C.G of without indexation or not - Please quote any case law if any. However in Set-off & Carry Forward Loss no where it is mentioned that L.T.C.L with indexation cannot be set-off against L.T.C.G arrived before indexation. so please reply on the basis of section and not on logic


Chirag B Shah
19 March 2008 at 17:43

Capital Gain

In Asst Yr 04-05 i have long Term Capital Gain in Equity Shares after applying 10% without indexation and Long Term Capital Loss in Equity shares at 20% after applying indexation, Now Can L.T.C.L derived after applying indexation can be set-off against the L.T.C.G of without indexation or not - Please quote any case law if any.


Ashish Ranpara
19 March 2008 at 17:25

Capital Gain

Dear Sir,

Can a person transfer it's Property not fully but part of property after a long time about to 35 to 40 years is liable to capital gain ?

if there is a four partner of property than How will capital gain calculated?

is there any provision for regarding exemption of such capital gain?

The Property is in the nature of Office Building and Transfer is Selling of This Building

pls. give me advise and my emil id is aranpara_ca@yahoo.co.in

Hope your reply

Thanks


Suresha R
19 March 2008 at 16:12

Inocme Tax Sub works

1. I want to know what is cost of following services.
2.What is legal procedure for the following serives
3. I want know to sub work for following headings for example if we take "PAN Card"

a}apply for new pan card
b}Correction in pan card

INCOME TAX : PAN CARD, TAN, TDS, e-TDS,

PT, ADVANCE TAX, INCOME TAX RETURNS –

INDIVIDUALS, FIRMS, HUF'S etc.,


niemesh

Dear Members

Please guide me in the following matter

The books of account of assessee named ‘A’ (Individual) were under audit u/s 44AB in ASST YR 2006-07. He was also partner in a firm say ‘B’ and his account in the firm was overdrawn during ASST yr. 2007-08 and ‘A’ paid interest Rs. 1,30,000/- to the firm ‘B’.

So, my query is whether ‘A’ is liable to deduct Tax at source on the interest payment to the firm in which he is also a partner? And if ‘A’ has not deducted tax at source then the interest amount is liable to disallowance as expenses?

Please guide….


Suresh

Is Stamp duty and registration charges on purchase of built house is eligible for deduction u/s 80C