On what basis do the income tax authorities (Authority i think is additional commissioner of income tax) decide a rate lower than the prescribed rate for tax collection at source ?... I have heard that they have some specific formula for calculating such rate. Is it true ?

I have a construction business, I have purchased a Agriculture Land on loan. I'm paying interest on it Amounting Rs. 2,50,000/-..

Now how will I treat the interest in Books of Accounts Weather To Capitalise it or to treat is as expenses ...

And also how Should I show This Agriculture Land In my Book Of accounts ...

Note : I am using this agriculture Land For Agriculture Purpose only..

Hi,
I am trying to fill the annexure J1 of one of my clients who is a proprietor co. However when i try to validate the same it throws an error of invalid number in the line number 8 of the annexure saying that the same is invalid. However when i check the TIN number it is correct. Can any one suggest me what to do in the same case.

does passing a professional exam ( final stage ) in third attempt affects job prospects???? please advice? does number of attempts matter???

Sir,

how to calculate a partner,s income and tax thereon when;
1. he receives Rs. 50000/- as share of profit, Rs. 25000/- as Interest and Rs. 75000/- as remuneration.

2. he receives Rs. 75000/- as share of loss, Rs. 50000/- as interest and Rs. 75000/- as remuneration.

All the entries have been passed in his capital account.

can anybody guide me..how to do excise internal audit of footwear manufacturing industry..what documents o be checked and into which document which areas has to be looked after

sir i download the incometax new ay 12-13 efiling form but when i open this form that coud not open this form becuse microsoft visul error (compile error in hidden moudle;moudle 3)please help in this case and souliation this problem .my email id is purastam.sahoo@gmail.com

if assesse has tin num n deals in non taxable goods is it compulsary for him to file sales tax return monthly

whether to claim depriciation for bulding or not which is advisable

i have paid tax fr a.y 2012-13 rs 450 in huf file ...its new file what will be the best way to start ,,,can i show gifts from various persons around 185000