With the amendment to Section 194 I definition on Rent w.e.f.13.07.2006, the Rent includes Hiring of Plant & Machinery also.
In my opinion, hiring of vehicles i.e., taxi or hiring of a car on a continuous basis does not come under Section 194 I because, the Rent definition does not include 'Vehicles'
I also think Plant & Machinery U/s 194 I does not include Vehicles.
1.Am I correct in this understanding?
Now, with this please clarify me also,
2.Whether TDS on hiring of tractors ( with RTO Regn. ) for removal of waste etc.comes under 194 C or section 194 I?

CAN I GIVE EXAM IN MAY 2008???? I HAVE PASSED PE 1 NOV 2006 & I M A PE 2 STUDENT AFTER NEW SCHEME I M CHANGED INTO PCC STARTED ARTICLED TRAINING OF 3.5 YEARS ON 7 TH FEB 2007

If the assessee receives the Notice u/s 143(2) on or after 1st April-07 for the F.Y.04-05 (A.Y.05-06) (Return filed during the F.Y.06-07)

1. Whether the 06-07 scrutiny norms is applicable to all cases which are filed during the F.Y.06-07
or

06-07 scrutiny norms is applicable only to the cases selected / taken for scrutiny during the F.Y.06-07 (Notice issued date to be considered– Not the return filing date)

In this case what is the remedy for the assessee?

Can the assessee challenge the case during the course of hearing?.
or
Can the assessee challenge the case by means of writ? If yes, what is the procedure?

From where i could get more advanced problems related to international finance,like hedging policies, cost of hedging, decision making ...etc

Dear Sir/madam,

Comapny IT Return 31-03-2007
ITR-6 - Schedule-HP Details of Income from House Property.

pls. clarify our query
Only one property - But tenants are many. How the property tax or Municipal tax (in the column(c)tax padi to local authority) can be shown in the relative space and how the names of various tenents are filled.

I want notes for cost management. Is anyone having notes for theory portion as well as for practical questions alongwith their solutions? If yes, please forward it to krishaniket@yahoo.co.in.

I have taken loan from an NRI friend and closed my Housing Loan with a Bank. Can I get exemption/relief for Interest payment & repayment of principal paid to NRI friend

Sir,

U/s 56 Amounts received as Gifts exceeding of Rs. 50000/- is taxble in the hands of receipent subjected to Exemptions.

Of Which

Gifts received on the "Occasion of Marriage of Individual" is Exempt

Query: What is Time Period will be considered for " Occasion of Marriage"

Please confirm whether contribution over & above Rs 1 Lacs for each employee is liable to FBT or entire contibution ?
Suppose contribution of one employee is rs 1.25 Lacs then whether Rs 0.25 Lacs is liable to FBT or Rs 1.25 Lacs ?

hello sir,

I am a student of B.K.SCHOOL OF BUSINESS MANAGEMENT and I am doing my project on equity research so I want to know about it in brief.So please tell me what is equity research? and how to do it? Please send some related links.

Thank you,

jignesh gajjar