At present we are deducting TDS on the total Bill of our C&F Agent - though some part of the Bill is for re-imbursement and further part is for commission.
Could we exclude TDS from the re-imbursement portion?

pl adv the income tax slab.

how much tax do abc has to pay if profit is btwn 20-25 lac. also note -
1) shpr has already deducted tds of rs. 1.50/2.0 lac while making payment to xyz
2) advance tax paid is 75000/-
3) expenses wl be around 4-10 lac.

so do they hv to pay any more tax?

pl adv.

xyz is forwarding co. xyz's shpr is again a forwarder or sometimes direct shpr. when he raises invoice on this shpr or forwarder, that invoice includes ocean freight, thc applicable and documentation charges charged by the s/line. while making payment shpr or forwarder deducts 2.27% tds from the gross amount and gives the payment. 1) is it correct? 2) is this xyz comes under service tax bracket? its business is only adding profit margin in the ocn frt charged by the shipping line and quoting the same to the shpr or forwarder. pl guide.

Hi..
Is gift in Kind is exempt from a non-relative.
If Yes then, what if i gift gold worth Rs 5,00,000 to my frnd. Will that be exempt?

If No then at what value tax will be levied.

Hii all,
i am ca final student i want know everything about vat which book can help me for this plz suggest me.

ONE PERSON BORROWED A SUM OF RS.300000 ON 1/6/1998 ON INTEREST @ 12% P.A. TO CONSTRUCT HOUSE PROPERTY. AS THE HOUSE PROPERTY WAS STILL UNDER CONSTRUCTION, HE BORROWED ANOTHER SUM OF RS. 200000 ON 1/4/1999.@ 12% P.A. THE PROPERTY WAS COMPLETED ON 31/8/2002 AND "IF" IT WAS SELF-OCCUPIED W.E.F. 1/9/2002. THE FAIR RENT OF THE HOUSE IS 10000 P.M.

Q.1 ] WHAT WILL BE THE INCOME UNDER THE HEAD INCOME FROM HOUSE PROPERTY FOR THE A.Y. 2008-09.

Q.2 ] WHAT WOULD BE INCOME IF THE AMOUNT BORROWED ON 1/4/1999 WERE RS. 1200000 INSTEAD OF RS. 200000.

Q.3 ] HOW MUCH INTEREST CAN BE DEDUCTED FROM "NAT ANNUAL VALUE" (WITH KEEP IN MIND THAT UPTO 1/4/1999 ANY PERSON CAN GET DEDUCTION OF INTEREST UPTO 30000
IN CASE OF SELF OCCUPIED PROPERTY).

THIS PROPERTY IS ONLY LET OUT [LOP].

we invested in weekly dividend income plan mutual fund on 01-04-07 and redemed the amount on 30-06-2007. we earn dividend income during the period april to june. Whether the dividend received is exempt or not. please confirm.

tell me about deferred tax revenue expenditure is their such concept. If it is tell me with examples.

abc is propreitor firm. pl adv -
1) in wat way he can reduce tax liability if his income is say 20-25 lac?
2) is gift gvn to his parents, taxable ?
3) loan gvn to o/sider is taxable ?
4) this proprietor has taken loan for his house, wl repayment of that loan treated as expense??
5) if this proprietor pays rs. 6 lac to some person, under wat head it can be shown as an expense and how much minimum tax has to be deducted?

pl adv.

rgds
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