how to compute the capital gain of jewwelry, sale of business to another person & explain me the ways to calculate that Capital gain
If it is a longterm it is taxable at 20%

One of my friend calculated tax payable.
i want to ask education cess should be calculated on net tax payable + surcharge or only on tax payable.

Suppose a Co has taken two lands on Rent from Mr x. In 1st case rent is exceeding 120000 p.a and in 2nd case it is amounting to only 80000p.a so as per the statutory norms whether TDS should be charged for both the payments or for the one exceeding 120000 only.rep ASAP

can any provide me details of the case law
"2007-TIOL-134-ITAT-DEL.doc"
this is the link which was found in the site taxindiaonline.com
Anybody having the subscription to the above site can get the case law.
matter of the case law given in brief
" There is a major difference between the furnishing of inaccurate particulars of income and furnishing of inaccurate computation of taxable income and this is a case of incorrect computation of income - Assesse Case Upheld"

kindly anybody pleased send me the case law pertaining to above ITR

Sir,


Please guide for deduction to a salaried person for eapenditure on his son for TETROLOGY OF FALLOT SPECTLE HEART DECEASE.

Thanks & Regards,


NITIN KUMAR VIJAY
9218567870

OUR CLIENT HAS SENT A MACHINE FOR THE REPAIR TO AUSTRALIA FOR REPAIR, FROM WHICH THE MACHINE HAS BEEN PURCHASED EARLIER, THEN AT WHAT RATE THE tds u/s 195 HAS TO BE DEDUCTED , WHICH IS BENIFICIAL TO THE ASSESSEE.

Well this seems a very simple query.The current TDS rates applicable for Professional Fees would seem to be a bit on the higher side for those professionals whose margins are on the lower side, particularly when WORK is sublet to another Professional.

In this regard , CAN A Chartered Accountant enter into a Contract with the fellow CA and deduct tax at 2.266 % since there exists a contract for the services rendered .Or is it that the Rate would be 10 % + applicable surcharge / cess only since it involves Professional Services.

Is the contractor / Sub contractor clause meant only for labour / job contracts and the like.

Our friend was paid Rs.63000/- tds on salaires

and total 1 lakh 80 C completed


again his tax liability was Rs.5000/-

Please suggest investment otherthan 80C - because he was going to refund

plese sir help me

WE HAVE MADE AN AGREEMENT WITH ONE OF OUR RETIRED EMPLOYEE WHOC IS AN ADVOCATE AS REATINER AND ARE PAYING RS 70000/- PER MONTH. WE ARE NOT PAYING ANY OTHER BENEFIT TO HIM EXCEPT HE MAY NE ALLOWED 30 DAYS LEAVE AND CAN TRAVEL IN COMPANY ACCOUNT. PLEASE ADVISE UNDER WHICH SECTION TDS SHOULD BE DEUCTED ? WHETHER U/S 192 / 194 9C ) / 194 ( J )?