BIJAY MITTAL

Assessee is a partnership firm consisting of four partners.All the partner together introduces a sum of Rs 15 lakhs in the form of capital introduction.The query is whether the firm falls within the criteria for scrutiny selection considering that it comes under the non metro city


Nagendra Kumar
04 March 2008 at 10:10

unrecoznised pf

sir
employer contributes some amount to unrecognised pf and unapproved gratutity fund on behalf of employees.is it admissible expenditure in business under what section? if it is inadmissible it is taxable in the hands of employer.and same is taxable in the hands of employee at the time of receipt,so there is double taxation on same.how it is possible?please explain me elobrately.


Nagendra Kumar
04 March 2008 at 09:48

unrecognized provident fund

sir
employer contributes some amount to unrecognised pf and unapproved gratutity fund on behalf of employees.is it admissible expenditure in business under what section?


GEETA BHAGWAT
04 March 2008 at 08:15

income tax

Mr. x sells development rights of his old residendial property aganist which, he received cash and one flat in same property.
whether cost of flat at market value or at constuction cost to be added in sale considaration along with cash?
can it be possible to avoid cost of flat,as he is entitaled to receive same area of flat for his own resident, as before transfering development regihts.


BIJAY MITTAL
03 March 2008 at 20:37

Seedling of seeds in a nursery

Assessee carries a business of growing seeds in a nursery and sales the seeds therefrom.Whether the business will be considered as agricultural income and henceforth exempt from tax or shall be considered otherwise.


BIJAY MITTAL
03 March 2008 at 20:31

Director Remuneration in pvt co

Assessee is a director in a private ltd co.Now what is the extent to which the comany can pay the remuneration to the director.Is there any maximum limit.


CA S Sundararajan
03 March 2008 at 19:43

DTL / DTA for 100 % EOU Industry

Dear Sir,

while the corporaet Tax rate for 100% EOU industry is 10.30 % , insuch for the purpose of calulate the Deferred Tax Assets /Deferred Tax liability , do we need to apply the rate 10.30% or 33.99%.
Please help me.



CA Rakesh T
03 March 2008 at 17:54

House Property and HRA

Sec 10(13A) simply says that the section isnt applicable in case your residing in the house or rent isnt incurred as expenditure. But If iam paying rent and also not residing in the house( however my employement and my house is in the same city), what possible section or rule prohibits me from doing that ??


CA Rakesh T
03 March 2008 at 17:41

House Property

Lets say .. i have house in gurgaon, and i have my employement in gurgaon. But i live in a rented house in Delhi.

Can i claim HRA as well as Deduction of Interest for my house property ???