Dear Sir /Madam,

Can ITR 1 be filed if exemption of HRA & transport allowance is more than Rs 5000 in the case of salary income.

Regards,
Abhinay Singh

Sir
Please specify the rate of depreciation for library book in a school for income tax purpose

if original return is filed and acknowledgement generate ,but there was mistake in return
Can i rectify this error?

Can revised return overwrite original return?

Can we file ITR of beauty parlous income u/s 44AD.

If an agreement is drawn with a contractor to execute survey work by engaging labour only.whether this will be considered as technical service u/s 194j and tds @10% will be deducted or it will be considered as work contract and tds @1 or 2%(individual or firm ) will be deducted.whether education cess apart from above tds be also deducted.

I have an Android smartphone.
Can u suggest me some applications like this...which will assist me to upgrade my knowledge base....

Mr. A purchased truck on 01.05.2012 for Rs. 11,00,000/- out of which Rs. 2,00,000/- is paid by cheque & Rs. 9,00,000/- by way of loan from financial institution. After using for 3 months, he sold the truck to Mr. B for Rs. 3,00,000/-. The outstanding principal amount of loan as on the date of sale was Rs. 8,50,000/-. The truck was sold in the same year in which it was purchased, hence there was no depreciation charged on it. What will be the tax effect in this case ??

my company's profit is about 75 lacs in fy12-13,all directors are already in 30% slab.please give advise is dividend is advisable to pay or not?
my company does't require any reserve for loan,becuase company is debt free.
please advise for minimum tax pay.

i want a favour ... i want to know how to prepare for ca final both group in 3 month.... is it a right decision for giving both group in nov, 13... as i have'nt took coaching of 2nd group...

plz reply me soon

Pls guide me relating to the case mentioned below whether penalty for non filling ITR will attract or not:

Case:
Assessee : Individual
Income From Business : Rs 1,40,200/-
Agriculture Income : Rs 65,000/-

Matter under consideration is that "whether Agriculture income will be part of G.T.I for attracting penalty for non filling ITR"??

Pls give complete reply with supporting (if any)


Thanks