Abhi123

Above section say that in th case of partner of a firm, his share in the total income of the firm shall be exempt from tax.

1. Whether total income of firm means income before tax or after making the provision of tax.

Total income of firm X partner's share in profit/ Total profit of the firm

It is no where stated abt the definition of total income for this purpose

2. if above is after tax, how will we provide for tax If we are maintaning books of accounts on cash basis


RAJ KUMAR AGARWALA
18 August 2007 at 03:48

efiling of itr

whether e filing is mandatory for proprietorship firm to whom 44ab applicable


CA. Hemanth Kumar.
18 August 2007 at 03:31

Time limit u/s 200(1):

advice me ..what is the time limit allowed u/s 200(1)to remitt the tax deducted at source to the government during the current previous year...???


Abhi123
18 August 2007 at 00:06

Person in Army

Whether the armed personnel is required to file ITR


kamakshi bhutani
17 August 2007 at 23:33

IncomeTax refund

if a person does not claim his refund in his return...but form 16 has been attached with return....which shows refund of rs.2000
would he get his refund of Rs.2000??


Prakash Singh
17 August 2007 at 04:10

parmanent account No.

Can a NRI having british Passport purchase shares in Indian Co.


mint
17 August 2007 at 01:07

Section 234a And b

Hi
please tell me what is section 234B and 234B when and how its implement.


SHEEJITH
17 August 2007 at 01:00

TDS FOR TEACHERS

Please let me know whether teaching is a profession under income tax act,

Is it necessary to deduct tax on amount paid to visiting professors or teachers engaged in part time teaching. which section is applicable whether 194 J


SHEEJITH
17 August 2007 at 01:00

TDS FOR TEACHERS

Please let me know whether teaching is a profession under income tax act,

Is it necessary to deduct tax on amount paid to visiting professors or teachers engaged in part time teaching. which section is applicable whether 194 J


Sameer
16 August 2007 at 23:44

HRA & Interest on Loan

I stay and work at Pune & pay rent to my parents. Now I want buy a house at Satara or Kolhapur.
The query is -
Whether I can get both (1) the HRA exemption and (2) Interest on loan (as loss under income from House property) in my return for AY 08-09?

please give your advice and also spcify the provision under Income Tax Act.