how to give cash gift to parents which is tax exempted.
please tell.

I would like to know whether tax should be deducted at source on gross bill amount or at net bill amount? for eg. if the party has raised a bill of Rs. 1,00,000 for services provided and service tax @ 10.3 % i.e. 10,300, total bill amounting to Rs. 1,10,300 then we sould deduct T.D.S. on Rs. 1,00,000 since that is the income of that party or Rs. 1,10,300 since that is our expenditure? Please explain when (a) our services are covered under service tax and (b) when our services are not covered under service tax
Thank You.

PLEASE SOLVE MY QUERY THAT THIS SEC 80 IB 11C IS APPLICABLE FOR INDORE OR NOT.. CAN HOSPITAL OF INDORE CITY CAN TAKE ADVANTAGE OF THIS SEC 80 IB 11C

income under long term capital-gain is a loss :rs.50000.
income under other heads excluding capital gain is rs.250000.
return is filed on 31.12.2009 for a.y. 2009-10. can we set-off or carry forward the loss under cap. gain if return is filed after due date.N what if the net result of our income from other sources is loss of rs.250000 instead of profit, I.E. net computation is showing loss.
show result in case of male below 60 yrs. n please reply fast, i'm in trouble.

We had electronically filed an ITR 2 on 26.09.2009 of an assessee who was the partner of a partnership firm liable for audit u/s 44AB. Although digital signature was attached with the return at that time, but on later review, it was found that digital signature was not properly attached. In the assumption of digital signature being affixed, we haven't send the acknowledgement Form V to Bangalore.

Now what is the remedy for the same ?

Whether ITO can add back the Cash Sales, when an assessee is not in position to give the name and addresses of all the buyers,, even though the entire sales has already been declared in the Profit and Loss a/c
Please do reply me at sarjiwan@in.com
+9855738904
I shall be thankful to all of you

I want to know the time limit of survey assessment.

Is it possible to finalise the survey assessment immediately after filing the income tax return of that year inwhich the suvey has done?

Who is the final authority who decide to open the survey case and ask for assessment ?

Thanks

U/S 44AE transorter is supposed to get his accounts audited only if he/she/it owns more than 10 vehicles in previous year.
Case - A transporter purchases 2 heavy vehicle and applies presumptive basis of income(3500P.M/P.vehicle).Next year it purchases 15 more vehicles thus falling under the ambit of tax audit. in such circumstances can he claim depreciation on the old(2 nos)vehicles on actual cost for tax audit purpose? Please help....Thanks in adavnce for replying

Dear Experts,

One of my client has availed house construction loan for one of its property. Only a year has passed since the construction is over. I have a query whether a person can claim deduction of unavailed Pre construction interest for the remaining period even if has sold its property

Kindly quote circular no or caselaw reference if any

Regards & Thanks in advance

Hello,

I was filed A.Y. 2008-09,E-return on 04-12-09 then what i do next , Can i submit signed ITR-V Acknowledgment to ITAX Dept Delhi or send it by POST to Bangalore........

Pl help me ........reply ASAP

Thanks in advance

Amit kumar
delhi009@yahoo.co.in