The income of 'C' a child who is a minor male is to be clubbed with 'M' his mother who is below 65 years for the financial year 2007-08.The income is Rs.145900/-.

The basic exemption for a male assessee for the above year is 110000/- and for a female assessee is 145000/-.Had the income been assessed in the hands of the child he would have been taxed on Rs. 35900.But after clubbing, there is no tax that is Rs. 145900-1500=144400.The mother has no other income. Is this calculation correct?

Pls let me know, whehter LTCG on listed shares is Exempt or taxable under I-tax.
Pls give refernece of specific section.

If the weighment of outgoing material is
done by another party and if we pay
weighing charges against monthly bills
raised - are the above charges subject to
TDS on contractors u/s 194C.

Please let me know what will be effective TDS Rate for a firm of Advocates in respect of legal fees

XYZ & Associates
Advocates

Whether it will be trated as firm ??
plz let me knw TDS Rate,surcharge (if appl).

Will there be cumulative impact of these sections or not on the Assessee ,What if a bank paying no. of Deposits held by a single person less than 20,000/-? Do Clarify

what are the main change related to EXcise duty, Service tax & vat? what are the % applied from?

An Employee,in receipt of HRA, residing in Company's Guest House and paying rent thereafter (by way of deduction from Salary) to the company can claim deduction u/s 10(13A) for HRA. Whether the Company's Guest House shall be treated as Perquisite (Rent free Accomodation) in the hands of employee and valued accordingly ?

Last week Govt.have announced the extension of exemption limit(one year extra) u/s 10B. Is this for STPs also or only for 100% EOUs? Please guide me.

anyone pls help me with it. is there any provision by which the professional tax is exempt for handicapped persons. i need to know the provisions in regard with Tamilnadu state. pls provide me with an authenticated source where i can verify it.

Sir,

Can anyone say the procedure for filing of TDS e-returns? how to do?