I HAVE MADE DOANTION TO APPROVED HOSPITAL ELIGIBLE FOR DEDUCTION UNDER SECTION 80 G IN THE ITR THERE IS A COLUMN IN P & L FOR DONATION SHOULD I CLAIM IN P & L ACCOUNT OR IN REBATED UNDER VIA SECTION 80 G
AM I ELIGIBLE FOR 100% DEDUCTION IN BUSINESS EXPENSES FOR DONATION TO ANY ONE.
Suppose a C.A. Student receives stipend from his employer, is that stipend taxable in the hands of the article.The article is having other income which exceeds the basic exemption limit which are subject to tax.
For example Mr.X is having income from other sources Rs.155000 and is receiving a stipend of Rs.15000 P.A. will his stipend be included while computing his total income.
Kindly reply me soon
Thanks in advance
TAX WAS DEDUCTED AT SOURCE FROM MY INTEREST INCOME AND TDS CERTIFICATE WAS ISSUED TO ME BY THREE PERSONS FOR ASST YEAR 2008-09. i FILED MY RETURN BEFORE DUE DATE. i CALIMED REFUND FOR TWO CERTIFICATES BUT FORGOT TO CLAIM FOR THE THIRD TDS CERTIFICATE. MY ASST IS COMPLETED. CAN I CLAIM REFUND OF TDS FOR ASST YEAR 2008-09 IN MY RETURN FOR ASST YEAR 2009-10
Our clent makes donations which are covered under section 80G - 50 percent eligibility slab. They are paying FBT on the full amount under "GIFTS". Are these liable to FBT & if, yes, then whether on full amount or amount net of deduction under section 80G.
How can we intimate the incometax officials about any tax evasions,
Do we need to give proofs/ documents or a mere complaint would be enough ?
Do we need to disclose ourselves for lodging a complaint ? Will it be kept with confidential ?
Briefly what are the procedures and also responssibility of the persona making a complaint.
There has been an amalgamation of two private companies. The transferor company had in its books share application money. The amalgamation was in the nature of merger. The amalgamation scheme provides a broad accounting treatment for accounting of all assets & liabilities.
How will be the share application money be accounted in the books of the transferee company.
Can the same be shown as "Share application money" in the books if not then what is the accounting treatment.
Dear All,
A Manufacturer imports some materials, and send the same to his sister concern and passon the basic excise duty and additional duty. passing of additional duty is wrong or right. please advice and give me the references if any.
HELLO, CAN ANY ONE TELL ME ABOUT DEFERED TAX LIABILITY/ASSETS. WHAT IS THE AMOUNT DETERMINE OF DIFERED TAX LIABILITY/ASSETS WHEN AMOUNT OF DEPRECIATION AS PER INCOME TAX ACT RS. 450 & DEPRECIATION AS PER COMPANY ACT RS. 550
THANKS IN ADVANCE
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
ARE GIFTS EXEMPT AS BUSINESS EXPENSE