Hi.. I came before with a case..please read..

Facts...
Mr.X is a father of NRI son..He gave his dad a certain sum, which was invested on urban lands in the name of Mr.X and Mrs. X. Later Mr.X & Mrs.X had sold out those lands as individual plots,by making land marks and some earth works done. A part of the amount received was again invested in vacant lands. (The whole process was done within 12 Months)

My Query is:

What will be the tax implication and what steps should be taken for Tax planning?

1.I have given advance towards expense for more than 20,000

2.I have made advance payment of more than 20,000

does above two cases are disallowed ? explain with provision if possible

Whether difference between FMV & amount if any recoverd from employee on which FBT is levied be claimed as dedcution from business exepense by employer? Please specify for AY 2008-09 & also for preceeding AY?

What is the procedure for filing the annual TDS return ?
Plz reply in details ?

PL LET ME KNOW THE EXACT RATE OF TDS TO BE REMITED TO GOVT ON ACCOUNT OF THE PAYMEMT TOWARDS AMC TO FOREIGN COMPANY. DETAILS ARE AS FOLLOWS. RECIEPIENT- SOFTWARE MANUFACTURER, COUNTRY-GERMAN, DATE OF AGREEMENT -05/12/2005, DATE OF PAYMENT PROPOSED TO BE MADE ON 12/11/2007. KINDLY RESPOND

how to calculate 'book-profit'u/s.115JB?.
can i know it in detail?

an partnership firm(an export house of furniture, textile) having turnover 125 crore ,gp ratio is 40% & np ratio is 22%.

there are huge value of stock of rs 30 crore & it is continusouly incrsing from last few year. this year phifically varification of stock was conducted & a shortage of rs 10 crore was found, inspite of this there was devaluation of stock (due to damage & obsolence, out of fashion etc.)of rs 2-3 crore.
now the firm wants to writeoff this amount.but how ,& what will be the consequance of this.& what type of avidance should be collected.

LET ME KNOW THE RATE OF TDS TOWARDS FOREIGN PAYMENT ON ACCOUNT OF AMC OF SOFTWARE

if i am following mercantile method of accounting, the gross receipts credited to P/L A/c includes service tax yet to receive and as such the service tax liability appears on the liability side for payment to Govt. Now whn computing income tax why shall we disallow service tax appearing as liability in the B/S u/s 43B, whn the seller is yet to realise the amt frm the buyer. pls answer.

Any recent amendments or notifications in double taxation avoidance agreement with UK.