Sir, I would like to know if any expenditure incurred towards travelling expenditure by an AOP consisting of all doctors only and spent the amount by themselves towards thier travelling to various places(not paid to any of the employees) is attrcated to FBT or not. Thanking you, Name :Rohini Kumar Email :rk1080@rediffmail.com Address:1-9-1122/13/6,vidyanagar,Hyderabad-44 Phone:040-27641741,09849265517
Sir, I am a farmer having my agricultural lands within 2km of Municipal limits of city.Iam growing two crops annually and also showing agriculture income in my I.T.returns regularly Can these lands be treated as 'assets'for the computation of Wealth Tax?
My annual salary for the year FY07 would be around 3.5 Lacs. I would like to know how should I make the investments so that I have to pay min of IT at the end. Will it be wise to go in for Mutual funds or FD's/ LIC's. Please advice! Thanks -vikas a.
(1)What are the investment avenues other than Bank Deposits. I am not very keen about Share Market as I do not have inclination for risks. I am an NRI & I am 56 years old.
(2) Do I require PAN No. if I purchase an apartment or involved in selling of a common inherited property.
Dear sir, We have availed a Housing loan from a reputed bank, where in my father is the main applicant and me and my brother are the co-applicants. My father is a retried government servant and he was made the main applicant , because the land is in his name. The loan account is attached to the my dads SB account , through which they deduct the EMI every month. I take care of paying the entire EMI every month wherein I deposit the cash in my Dads savings account.
Query : Since I take care of the EMI of the loan. But I dont have any proof ( like bank statement ) to show I am paying the EMI. Can I avail the Tax exemption in my salary. If not , what steps I should take , so that I can avail the Tax exemption. Iam so much concerned about this is because , Iam really paying the EMI and dont want to miss the tax exemption.
I am running a Call Cenetr Training Instittue. I took Service Tax registration two years ago and later surrendered on advice that it is excemted. Now ser tax people asked why i did not paid tax. i gave all the details in a statement. Now they asked my income details for the last thre years i gave that too. My doubts:1. Call Center Training is excempted? If so should i give all the details they ask for?
Sir, I am preparing for civil services and in my mains exam application from they asked me whether my parents wealth is in exemption limit of wealth tax or not.
Please tell me what all considered in wealth?
Wealth of parents including landed property plus funds is equal to 4 lakhs whether this income is within the exemption limit of wealth tax or not.
i met with an accident in the year 1988.After crossing so many hurdles, the supreme court gave judgement reducing the compensation payment and ordered payment of compensation with interest. The insurance company has deducted Tax Deduction at source for the interest PAID AMOUNT. IS THE ACTION IN deducting tax on income is correct. my contention is that I have not received the amount and no income has been derived so far? Please clarify.
