Income Tax queries [13927]

All Resolved Open

Amarjeet Singh

14 November 2007 at 15:53

DEP BEFORE COMMERCIAL OPERATIONS

Assets has been puted into the floor of factory,but no commercial operation is yuet started .Can I claim the depreciation.AO is questioning on Put To use.

Mridulla Mittal

14 November 2007 at 15:24

Deduction under section 80 C

Whether the deduction under section 80 C for life insurance services availed will be available of the gross premium paid or amount net of service tax if the breakup of the premium charged is mentioned in the Life Insurance receipt.

Navita

14 November 2007 at 12:20

FBT ON EXCISE PAID

if we have purchased an item of sales promotoion and paid excise on that so,whether we have to pay FBT on aggregate value or value exclusive of excise.

Dushyant Chouhan

14 November 2007 at 12:17

Deffered Tax Credit & Book Profit u/s Section 115JB

Recently ITAT-Jaipur has given a judgement in the case of Maharaja Umed Mills that Deferred Tax Provision should not be added while computing Book Profit u/s 115JB for the purpose of MAT. Whether ITAT is right in holding that decesion?

Please provide your comments and advice.

Mridulla Mittal

14 November 2007 at 09:51

FBT - Employees based in India

What is trhe definition of employees based in India under FBT ?

Sachin Jain

14 November 2007 at 04:31

Allowance paid by company

What will be the tax treatment in the hand of salaried employee for allowances paid by company when he was/is outside the country.

Navita

13 November 2007 at 14:15

FBT on telephone expenses

DO THE SECURITY PAID FOR GETTING TELEPHONE SERVICES TO MTNL FALL UNDER THE PURVEIW OF FBT.

Adv. S Sharma

13 November 2007 at 10:30

how to find 234B interest calculator

hi all
plz tell me how can i find the interest calculator on this site?
thx

Sachin Jain

13 November 2007 at 04:05

Tax treatment of FD

Hi,

I have one FD of Rs.50,000.00 for which i have claimed deduction u/s 80c and now i want to gift it to someone in blood relation.

1. Can i do so?
2. What will the tax treatment in my hand and on the hand of the receiver?
3. Will there be any difference in your opinion if donee encash FD only after the fixed period?

M P Arun

12 November 2007 at 18:32

URGENT: Carry forward of loss-case law

Sir,
Pls provide me the details of the decisions of IT Cases in the following references towards the carry forward of losses of duly filed returns of earlier years though current P.Y. is belatedly filed
1. 91 TTJ 484 (HYD)

2.86 ITD 412 K.ABU BAKER VS ACIT

This information is required very urgently.