India

2007-07-27 09:38:03 · 1 answers · asked by PATRICIA C 2

2007-07-26 22:01:29 · 19 answers · asked by JJJ 1

My only source of income is from renting my house. The yearly rent is less than 1,10000. Do i need to file a return and show 0 tax or I need not file tax.?

2007-07-24 22:07:12 · 4 answers · asked by SKC 1

Salaried persone with annual income of Rs.3.40 lacs. Interest paid on Housing Loan - Rs.0.20 lacs. No income from house property since it is still incomplete and the area is not yet fully developed/congenial. I am submitting my I.T. Return on ITR-2. Since I am filing it on my own, Am I supposed to fill only two pages since other 4 pages are required to be filled only by TRPs. Please guide me immediately?

2007-07-24 19:45:09 · 3 answers · asked by salil k 1

What is the accounting treatment for cessation of a liability? Will the amount on a/c. of cessation of liability be regarded as income?
What will be the tax treatment?
Please answer all the above queries.

2007-07-24 00:55:12 · 1 answers · asked by happy 2

Please explain the meaning of the above two terms in detail . An answer with a concrete example will be appreciated.
Thanks.....................

2007-07-22 22:42:06 · 1 answers · asked by happy 2

Ours is a private limited company primarily into Advertising business and have advanced unsecured loan to a firm to the tune of Rs. 10,00,000/-
This loan has turned bad and no chances of recovery.
What is the accounting treatment to write-off this bad loan?
Is this expense of Rs. 10 lakh deductible expense from Income tax point of view.

Please guide me on the above issue

2007-07-22 19:37:12 · 1 answers · asked by happy 2

2007-07-22 02:52:28 · 1 answers · asked by venkat r 1

Provision for bad debts has been created at 50% of the outstanding debtors by debiting the Bad Debt A/c ( expense) and crediting Provsion for bad debt a/c. (liablilty) during 2006-07.
Is the above expense of Bad-debt allowable as a deduction from Business Income , while computing Income for Income tax purposes.
I await a prompt answer. thanks..........

2007-07-20 20:35:14 · 4 answers · asked by happy 2

Can I provide for 50% of Debtors as " Provision for Bad Debts " by debiting the profit and loss account in a particular year.
Will such a Bad-Debt expense be allowed for purpose of Computation of Income for Income Tax Returns.
What are the I-Tax rules in respect of the above ?
A detailed explanation is desirable.

Thanks in advance..............

2007-07-19 21:39:40 · 2 answers · asked by happy 2

i want to avoid custom charges and seller saying that he will export to my home address thru USPS courier service and no custom charges will be applicable . How do i beleive him ? He is saying that the pordct will be shipped as a gift and a low value product . will this work ? Whats the guarantee that custom charges will be discounted in this way ?
How do i avoid custom charges and tax ?

2007-07-18 07:32:30 · 6 answers · asked by Rishabh 4

2007-07-18 00:49:13 · 15 answers · asked by Deepak 1

I have prepared my PAN at Mumbai i am resident of mumbai and currently i am living in Pune so can i file my IT at pune IT office or i need to file it at Mumbai only which ward circle i should mentioned

2007-07-15 18:46:53 · 1 answers · asked by Anonymous

I had not submitted my returns last year.What r the problems i may face while submitting this yrs return? And what is the solution.Original copies of my LIC policies for which i was claiming tax deduction has gone missing for which i have applied for a duplicate.Shall i have to furnish copies of those while filing for my return.It was being deducted thru my salary

2007-07-15 17:30:53 · 11 answers · asked by dhrubajyoti01 1

I am a notary and somone is asking me to notarize a copy of a passport for her mother who is from India. This is to be used for IRS purposes since the mother will be returning to India soon.

2007-07-13 04:17:07 · 1 answers · asked by Karen G 1

2007-07-09 16:22:23 · 6 answers · asked by genellandbryan 1

CAN ADULTS HAVE THERE FLATS HEADS FIXED EVEN AT 47.

2007-07-08 12:58:29 · 2 answers · asked by Anonymous

Last year I made some capital loss in the shares , where as this year i am having some short term gain..Can i adjust last years loss against this years profit?

2007-07-01 21:29:57 · 5 answers · asked by Anonymous

I have Rs.20,000 with me to invest in shares and debentures. which are the best shares to buy so that i can get the maximum benift in 3 months.

2007-07-01 17:26:32 · 6 answers · asked by Anonymous

people on income surpport get a discount on there glasses and i cant (income surpport nothing wrong with them)
(incapacity benefit ill)

2007-07-01 07:01:13 · 8 answers · asked by tacho 4

i live in king george,virginia and i need to get a loan...is it possible ?? if so where...i get ssi thru social security

2007-06-25 19:05:18 · 3 answers · asked by TOUCH 3

2007-06-20 03:05:32 · 3 answers · asked by merrygohappy 1

I have 3 queries
1) What happens if one files the returns late ?
2) Will it have any implications on getting IT refunds if an individual files a late returns?
3) have anyone got IT refund for AY 2005-2006 ?

2007-06-19 04:36:55 · 6 answers · asked by Milind Desai 4

How much import duty will incur if I buy a product worth $100 from China, and imported to India? Say, if the cost of that product in India is $400, will there be separate tax on dumbing?

2007-06-13 00:20:07 · 3 answers · asked by Ullas M 2

MIN is MutualFund Identificaion Number, required by all investors buying mutual funds in India. I believe the government is eliminating the need for MIN

2007-06-10 05:51:54 · 3 answers · asked by isi.shridhar 2

what is the procedure to apply for a PAN card
and where we can get the forms in hyderabad

2007-06-08 10:31:34 · 6 answers · asked by Srinivas N 1

list a couple of fat famous people

2007-06-05 17:07:13 · 23 answers · asked by Anonymous

I am an individual residing in India and working from home. I am working for a US based company which has no presence in India. Should I work as Employee or Consultant? Which is best and legal? I will also be given Stock Options. As a consultant can I have stock options? What are the different taxes that I or the company have to pay and what about TDS?

2007-06-04 21:02:25 · 2 answers · asked by Raghu 1

We are deducting the TDS from all types of payment. But we not remitted to the governemtn.

2007-06-04 03:59:28 · 1 answers · asked by peddirk 1

i am going for further studies and taking off form my current job. I have applied to refund my PF that i have deposited from last 4 years of my Job. Do i have to pay Tax on it?
How much tax do i have to pay??
Is their any way to reduce the payment

2007-06-04 02:49:50 · 4 answers · asked by gaurav_dt 1