DEAR SIR,
In tax audit if there is negative stock by mistake of small business then what step should be taken for taking them in positive stock, which should be reasonable in the eyes of income tax laws, at the finalisation of accounts for preparation of tax audit report.
please reply.

My friend form a trust & run a school 1.It's Gross receipts is Less than 1 Crore. wheather the trust should be registered under 12A?.
2.Wheather 85% of the fund should be expended in that year.
3.For claiming exemption u/s.10(23C)trust is to be registered under any section.

Regards,
Prakash.M

if there is n agreement btwn seller & buyer of a property for transfer of such property 2 months later & buyer has given an advance money of rs 100000 aginst thst property but now seller refuse to sell the property & repay to buyer rs 200000.

now my question is

i) whether whole amnt of rs 200000 will be taxable in hand of buyer or a deduction of rs 100000 already paid to seller will be allowed

ii) if it is taxable then under which head capital gain or other source

please give d computation of taxable amnt

sir if it will be taxable under capital gain then whether there is a transfer of right(intangible asset)

Respected Expert,

Which assessment year wil be applicable in May 2010 Income Tax Paper, PCE Examination ?

Is it 2009-10 or 2010-11 ?

Please clarify the same.

Regards,
N. Harish Ballal

can any one tell me whether loan given to a director by a private company is taxable in the hands of director? plz also tell the section applicable .

thanks n regards

Hi,

I am having STCL & LTCG from share trading. As per the recent amendment in Budget, can I add STT to purchase value and deduct STT from sales value and calculate STCG / LTCG accordingly.

Dear Experts,

What shall be rate of TDS for NRI who does not have/does not furnish PAN?

Request you to give your expert advice after considering section 195, 206A and section 90 of Income Tax Act 1961.

Thanks in Advance.
Juzer

1)Hello sir my grand father died in this year he puted two fd in icici bank, and that was due in sep.Or oct. My queation is we was gave form for senior citizen for nt dedut tds but bank did mistake and they didnt submit my tds form. And i loss of tds amount is 2400,he saying that they provide tds certificate. But i havent pan number of grand father because they didnt apply, so what i do? Can i apply 4 new pan number?Or any other option 4 recover my tds amount?Please say me.

2)Sir, my father is working person in private company , if i will use of him name for tds i want to file revise return and 2nd thing f.D intrest income is also add in my father income so its taxeble amount for my father and my father paid tax is 30000 this year mean 2009-10 and i m thinking if i will apply grandpa name of new pan card and then claim for tds in It and after 1 year ya will recive amount of tds & i will close grandpa bank account too after then all i will surander pan card .Is this posible?

A waiter has received during the year amount which is less than rs. 50000 from his customers as tips. provided that his other income exceeds basis exemption limit please tell me in which head this income is taxable and why?

hank you sir

whether tds u/s 194c on shipping freight applicable?

tds on individual transpoter is 1% befor 01/10/09.or 2%?

can we calculate tds qtr wise insted of month wise being tds not deposit in govt account.i.e july to sep 09.

whether we have to 1st qtr return submit or not because no payment credit u/s 194c.

plz............reply

sir.