Person having PPF act. died before 3 to 4 year having nominee! Now nominee is claiming today that amount how much amount he will get

DEAR ALL

ONE OF OUR CLIENT A RETAILER DOES NOT MAINTAIN ANY BOOKS OF ACS. HIS TURNOVER FOR AY 08-9 IS 38LACS. HIS ESTIMATED PROFIT IS 8 LACS.

MY QUESTION IS CAN HE TAKE BENEFIT OF PRESUMPTIVE TAXATION AND HIS INCOME WILL BE 38 LACS * 5% ??

DEAR ALL

ONE OF OUR CLIENT A RETAILER DOES NOT MAINTAIN ANY BOOKS OF ACS. HIS TURNOVER FOR AY 08-9 IS 38LACS. HIS ESTIMATED PROFIT IS 8 LACS.

MY QUESTION IS CAN HE TAKE BENEFIT OF PRESUMPTIVE TAXATION AND HIS INCOME WILL BE 38 LACS * 5% ??

can i take transfer although icai has told that no one take transfer.i want to take transfer because my office principal is very rude and always make comments on me.

will any body tell me that which book for income tax is better which is advanced and contain every point in detail and which will be useful in practise much.

A Civil Engineer working in Construction Co. receives the cheque(Amounting Rs. 22,000/month after deducting Professional Tax)from the co.(and sister concerns)against the salary .

However Tax is not deducted. Now the employee has to file return of Income.But he won't receive Form 16(which is quite obvious)from the company nor the company provides monthly sattement giving the break up of salary(basic,conveyance allowance....)

If the Income is calculated based on the salary breakup specified in the appointment letter,is it valid?

If yes, is there any need to submit any proof along with the return?

My client have incurred a loss due to foreign exchange fluctuation due to cancellation of forward contracts. So can I show that loss in extra ordinary item

if i clears Ist group with 50% marks, & in IInd Group, gets more than 60% marks in a single subject with zero marks in another 2 subjects, can i still claim exemption.
e.g.:-
IST Group marks= 150+( passed as per icai's conditions)
IInd Group marks:
taxation - 60+
FM & cost- 0
SM & IT - 0

CAN I STILL GET EXEMPTION IN TAXATION.
Please advise me.
thanks


Nitesh Kumar Sharma
98936-68505
pcc- Nov.09

In my clients books some amount nearly 94Lacs is outstandig from 1999-2000. That was carryforward in Debtors which is o/s from Govt for the project.Last year it received 3 lacs. What treatment should be given to remaining Outstanding amount that amount it will be writeoff from books or it will continue as debtors.My client says it will definitely received but takes some time?and it was a Engineering staff training institute and it also carries Some Research for newly introduced schemes of govt.For that it receives fee!

As per IT Act Profit on sale of asset(when it is in Gross Block untill entire block disposed) is not recognised in books.But in companies such profit is recognised in books under the head profit sale of asset.I was confussed for giving treatment in my books(Engineering Staff college of India)?Plz suggest me!