This Query has 3 replies
Sir,
Do sec 44AD of IT Act is applicable to a Builder who buys plots of land & deploys his own resources (without subcontracting) to construct the buildings & sell it?
Thanks
This Query has 3 replies
IN FINANCE ACT 2007, THERE IS CHANGE IN VALUE OF RENT FREE ACCOMODATION WITH RESTROPECTIVE EFFECT FROM ASSESSMENT YEAR 2006-07.. BUT RULE 3(1) IS NOT AMENDED. I HAVE TO FILE RETURN FOR THE ASSESSMENT YEAR 2007-08 HOW I VALUE MY PERKS. WHETHER I WILL TAKE RATE 20% , 15% OR 10% & 7.5%. IF I HAVE TO TAKE 10% OR 7.5% , THEN CAN I REVISED MY RETURN OF ASSESSMENT YEAR 2006-07.
This Query has 3 replies
The firm is arranging finance on behalf of finance company and getting commission from the finance company for the services rendered. The total commission received during the year is 17 lacs. whether tax audit is applicable for the firm? if so is there any circular/notification from the Income Tax Department
This Query has 2 replies
Hi Friends,
An assessee has purchased a commercial property and let it out for commercial purpose.
Whether the rental income should be shown as income from house property or as income from the business? The assessee is having other business also.
What i understood is that the department is always insist for house property income rather than business income.
What difference it makes if the assessee let out its property along with furniture
Pl. Let me know your views.
This Query has 2 replies
I am article and get stipened. whether i can do part time job that is only on saturday or sunday basis. if yes, whether i can show this income under head 'salary'..
This Query has 1 replies
As per ammendment in 2007,valuation mechanism in perquisite in respect of rent free accomodation.The tax on basis of population cut by old rate calculating 15% of salary.In what way refund can get by filling in I-TAX return?As there is no specific column for the same in form ITR-1.Please guide me.
DINKAR PANDYA
This Query has 3 replies
Shares transactions are done through out the year. The assessee is a salaried employee. Sale of shares during the year exceeded Rs. 1 crore. Should the assessee go for tax audit. Whether the I. T. Dept. can say that dealing in shares is his business and not his investments.
This Query has 1 replies
hi all
if i received any subscription from any no profit organisation supose he gave me a weekaly magazine.Is there any TDS, I deduct the payment as a tds or what treatment should i do
This Query has 1 replies
Can u provide me with new amendmend in above mantioned sections.
This Query has 3 replies
is the service tax paid on rent is deductable expenses for the purpose of computation of income under the head income from house property
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Applicability of Sec 44AD