R/s
if an employee get hra
and simtnly take houseing loan; his spouse & childrens r stayng at house which he take on houseing loan but he himself stay on rented house in other city.
then is he able to exemption for both hra & houseing loan or only for one out of these two & on wht basices

2. if only his dependent parents stay in house than wht is tax benifits

R/s
if some one work in company & his imployer give him salary and at end of the year he give him form 16A and mention nature of payment as fees.

then under which head it is covered.
1 salary
2 other source
3 professional income

R/s
1. if someone getting children education allowance but he single then is he able for exemption.

thanx

Whether TDS to be deducted on amount including or excluding service tax.

Whether additional depreciation is compulsory like normal depreciation ?

Can professional Tax pay through cash in Eseva centre and what form can filloup.

For the AY-2007-08 (FY 2006-07) what is the rule related to Tax on the Bank interests earned from savings/fd accounts. Is there some minimum amount over which the total interest is taxable or the entire figure is chargeable as part of income?

A, owner of certain land, enters into agreement with a Firm S for development of land into a housing complex. In that firm , Mr. A and his 3 sons are partners.
In that agreement, Mr. A will be alloted 4 houses on completion, in which he plans to live with his 3 sons.(each flat for each son and one for himself).

Firm employs a contractor for building the structure of the complex and plans to do the finishing jobs by a set of local workers in that area with materials supplied by the company.

Constuction is in progress.

Undivided share of land is not registered till now in the names of the customers, decided to do on completion of the work.

What is the income tax liability of Mr. A with regard to transfer of land?

Whether it should be treated as capital contribution in the firm or not?

If capital gains liability accrue, 4 flats alloted will be eligible for exemption under various section of the sections 54?

Land was purchased by Mr. A in 1968.

Hello friends,

A software company has two units. One is 100% EOU claiming expemption us/ 10 A. The other unit is alos 100% EOU but not claiming 0 A exemption.

The unit claiming 10 A exemption is making profits and the other non 10 A unit is incurring losses for long time.

Can any one help me with working out MAT liability by substing hypothetical figures?

The company has skipped its advance tax payemnt if any due in June, for want of MAT calculation.

Thank you.

Jayant Shaligram

SIR,
MY SEGREGATION OF MY SALARY IS BASIC 8500 , SPECIAL ALLOWANCE 19475 , HRA 1500 , PF 1040 , AND SOME OTHER AMOUNT.NOW PLEASE SUGGEST ME HOW I PLANNED MY INVESTMENTS TO SAVE MAXIMUM TAX.i am working at ahemdabad.i am living in the rented house but yet their is no agreement with the landlord over any legal paper.my actual rent is 2500 with 15000 as a advance for the house.i am getting this amount rs 19475 under the head special allowance.