Case will go for assessment either to ITO, CIT or Add.CIT is depends on which criteria. is there any Total Income slab which decides that this case will go to the ITO or CIT or Add.CIT

Is there any circular has been passed by CBDT regarding no payment of income tax refund until scruitiny assessment will be pending. If there is such circular has been passed, please provide me such circular at the earliest.

Above is most urgent.

Rent received from cell sites ( mobile tower on top of residential property) is clubbed under Income from House Property. A case law to this effect is required
The assessing officer is contending to consider it under Income from Other Sources

Refer institute Study material of PCC Taxation.

Page No. 8.16 and Page 8.19

I find that there is some contradiction between the theory and practical

is an assesse does not pays the interest on tds on which he is liable to pay because of late payment to the credit of central government, than what are its consequences ?

Can any one tell me what will be the present value of Rs. 100 invested in NSC on 1.04.82?

An early reply shall be appreciated.

With Regards,
Shefali.

We have incurred expenditure on account of advertisement of Rs.95 Lac (Aprrox.) on NDTV group.

We would like to treat this expenses as deferred expnditure. Can, we treat as deferred expedniture ? If yes how many year can we written off ?

Is It ok to show as deferred expnediture as per I.Tax Act & Company act?

Pls advise me.

Baljinder Singh

can any body tell me the depreciation rates on

1) Docks and seawalls,Piers and Navigational aids.

2) Cranes and vehicles

3) Floating crafts.

4) Wharves , roads,and boundaries

5) Capital Dredging.

Any body who has ever handled an audit of a port can definetly answer this question.

Dear All From Today onwards I will Ask one question Daily from Direct Taxes. Dont think that i know the answer.

If possible please reply the source or relevant case laws for the answer:

Q. Whether in an assessment to which presuptive taxation u/s 44AD of Income Tac Act Applies, can AO make addition to income on the basis of admissions made by Assessee in Survey proceedings.

Q. A Practiicng CA go to USA for doing MBA, and he claimed the expenses on trip to USA as well as Expenes on stuides as deduction against his income from Profession. AO disallowed the above expenditure on the ground that MBA was altogether a new qualification, which had no connection with the profession of CA. Discuss.

Suppose Mr. "A" is working in pvt. company. His mother (age 67)get partial(35%) paralysis attack and admitted to the hospital for treatment under Neurosurgon Doctor. Mr. A get Rs. 15000/- from company towards treatment for the same, But in form 16A they didn't given the benefit of 80DDB and treated as incentive & included in salary & no dedction. Can Mr. A still claim deduction u/s 80 DDB even Form 16A didn't mentioned ? Can only Hospital Exp. will be claimed or exp. on medicine are also allowed ? Upto what limit Mr. A claim deduction u/s 80 DDB. What about medicine exp even after discharge from hospital? If the medicine remain continue more than 1 year then what? What is procedure to claim deduction u/s 80DDB ? Did any Certificate required from Dr. of govt hospital ? Note :