partenership business is running for manpower supply services f.y 12-13 t.o 50lakh .tds 47000 appro. if we are maintain book of a/c. and profit lower than 8% then get audit or not. pls reply ealier . i am confuse sec 44ad mahesh shah bavla ahmedabad

Sir,

If a monthly income scheme of post office is in joint name of 2 individuals, then can the interest on mis can be equally divided between the 2 joint holder for calculating the taxable income?

Dear Sir,
i am employee of a private company. my gross salary is 3.15 Lacks for FY 2012-13 so can we need to filed ITR-1 or no need the same please suggest the same ASAP

tHANKS
Ramesh

Suppose i am an Engineering student,doing an internship in XYZ company for 6 month and i am being payed 10,000/- month. and the company is deducting TDS u/s 194J
I want know under which head will my income would be considered and Can i avail any deduction for the same.

I am Individual assesse having Mfg. Business I have taken term loan from bank and paying interst on that. from state govt. i have received Interest subsidy. is it taxble in income tax? or Exempt? under Which section?

I am cs professional student, having completed my 2 groups and left with rest 2. I want to know scope of cs in security market and relevant courses for that. As I have more interest in security markets and less with law. Kindly guide me for my further academic career. Thank you.

Hi,
I am registered as an article assistant under my uncles firm but due to some reasons currently i am working in another firm under secondment basis.I am getting my salary on job basis there and nothing from the firm i registered at.Is it mandatory to receive Stipend cheque from my uncles firm.

A) Is it applicable for assessee who have not Tax Audit u/s 44AB
1.40(a)3 payment more than Rs20,000/-
2.269SS accepting Loans or deposit for Rs20,000/- or more.
3. Is above sections applicable if Gift taken from relation by way of cash u/s 56(2)(vii)

ABC Pvt Ltd is a private company registered in India.
It has issued 100 shares. Out of which the 99 shares are held by XYZ Ltd which is a company registered in Mauritius and 1 share are held by XYZ Ltd and By Mr. Ram (Indian Individual) Jointly.
My query is that can such type of shareholding pattern is correct as per Companies Act 1956.
Because XYZ Ltd percentage of holding has become 100%
Our auditors have raised objection in such type of shareholding pattern.
They have advised us to make Mr. Ram as first holder of the shares which are jointly held by XYZ Ltd and Mr. Ram.
Kindly advice as what shall I do.

Dear Sir,
Whether the Department has abolish the exemption from filing IT return to salaried person having salary below 5 lacs. What is the no. and date of circular in this regard.