Sahil
20 June 2009 at 10:16

benefits of DTAA

I want to know the benefits received in Tax paying in U.S will they be received in Tax paying in INDIA under Double Taxation Avoidance Agreement or not pls reply as soon as possible

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Anil
19 June 2009 at 13:01

Tax Exemption

I am an Indian Citizen and presently working as MIS Expert(Consultant) in Asian Development Bank. I am posted in India. I want to know whether my salary is exempted from income tax or not. If yes than under which section and Act.

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Rahullakhwani
18 June 2009 at 19:03

Wether investment allowable u/s 54 F

I have a house property, & during the P.Y. I have a LTCG on sales of shares without paying STT i.e. outside stock exchange.Now wether I can avail exemption u/s 54 F by investing the consideration in reconstruction in my existing house or acquiring a new house property.

Wether there is any way other then investing in bonds so that I can avoid tax on sale of shares.

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CA. SANTOSH S KEWALRAMA
17 June 2009 at 19:49

section 40A(3)

Can anybody mail me copy of SriRenukeswara Rice Mills Vs.ITO (2005)

my mail id is mataniman@yahoo.com.

Regds.

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Ratan Sharma
16 June 2009 at 12:10

142(1)

A.O. issued notice u/s. 142(1) on dt. 15/6/2009 to submit IT return for the A.Y. 2006-07. Also requested to submit copy of returns & Form No. 16 from A.Y. 1996-97 to 2008-09. Is it a valid notice. Is it binding for the Assessee to submit the required documents. Plz keep the querry open.

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Vaibhav Chougule
15 June 2009 at 21:44

TDS

In case of co operative bank if the person is shareholder of the bank then no TDS is deductible on the Fixed Deposits.
However, whether same principal will be applicable if the person is Nominal Shareholder.

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Sundararajan G
15 June 2009 at 21:30

Fuel , Driver salary

My company has provided me Fuel & vehicle management reimbursement , and driver salary as part of my salary.

Is this exempt from tax ? What is the ceiling limit for fuel and driver salary ?

The salary and exemption details are captured in Form 16 ? Is this enough to file tax or do i need to submit any other documents while filing tax ?

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imkdm
13 June 2009 at 15:02

Revised Return

In one case, the firm has credited sale of asset to its Profit & Loss A\c. Firm doesn't want return to be revised due to fear of unnecessary scrutiny as the refund payable shall be of substantial amount.

Does revise of return leads to Scrutiny?
Is there any way to rectify the error through current or subsequent returns?

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silvi ubal gomes
13 June 2009 at 13:17

Business Income

Circular no 9 dated 23.03.1943 gives right to the hirer to claim depreciation so whether expenses for repairs incured by the hirer would be allowed as deduction.And kindly also explain the difference between installment purchase and hire purchase.

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KAMAL PODDAR
12 June 2009 at 17:59

RETAINER SHIP INCOME

I AM A LAWYER WORKING AS A RETAINER IN LAW FIRM I AM GETTING A FIXED RETAINERSHIP PER MONTH . I AM GETTING TDS CERTIFICATE AS PROFESSIONAL INCOME UNDER SECTION 194 J SHOULD I TREAT MY INCOME AS SALARY INCOME OR PROFESSIONAL INCOME. WHICH ITR SHOULD I FILE ITR 2 OR ITR 4

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