India

2007-03-09 19:29:26 · 5 answers · asked by vipali g 1

Hi, frnds..As per sec.40A(3) of Income Tax Act, the otherwise allowable expenses will not be allowed if they are paid otherwise than by a crossed chq or crossed DD. But when a business person issued a bearer chq and claimed the exp how can the IT ppl know whether chq issued was crossed or not???

2007-03-09 03:48:29 · 3 answers · asked by canuplstelme 1

2007-03-09 02:11:49 · 4 answers · asked by maumau 1

income tax questions with answers

2007-03-09 01:57:33 · 3 answers · asked by john 1

2007-03-08 23:54:49 · 14 answers · asked by shambhu P 1

Please expalin about standard deductions
Maximum tax exemptions methods

2007-03-08 21:13:00 · 5 answers · asked by Kartheek 1

2007-03-08 19:44:41 · 7 answers · asked by Anonymous

2007-03-08 19:09:11 · 3 answers · asked by ssunderagarwal 4

2007-03-08 19:06:01 · 1 answers · asked by ssunderagarwal 4

2007-03-08 13:42:06 · 2 answers · asked by KRISHNA RAM M 1

2007-03-08 02:05:58 · 19 answers · asked by tom 1

2007-03-07 21:52:44 · 4 answers · asked by vinay - 1

I have purchased flat in Pune ..... during possetion on 2006 builder has taken service tax amount and keept with him .........now as per tax department there is no any clear idea whether to take service tax or not ...so my builder is keeping the money of all owners @ 6-7 lacks .....neither he can pay this amount in tax department nor is paying it back to us ..............whether builder has right to keep such money ?? whether flat owner will borow interest on it if yes what is % ..whether service tax department is taking this servicetax if not they why or if yes again why ??????? this is unauthorised keeping of money from other people to builder ...???? what way we can either get back this money from builder ? please advice ........we can get 9.5 % if we put our money as fixed deposit with banks .............

2007-03-07 18:13:29 · 3 answers · asked by vikky 2

2007-03-07 03:18:00 · 2 answers · asked by tirumani 1

My monthly income is 20,000 which I get from my house property. I have a endowment policy with the LIC for Rs.200000/ for which I pay an annual premium of Rs.4,000/-. I have policy with the Bajaj Allainze group which is called UnitGain Plus policy for which I pay an amount of Rs.10,000/- annually. I dont know whether mutual fund investments are deductible under 80 C. Kindly clarify. Pls specify other deductions applicable.

2007-03-06 23:04:04 · 2 answers · asked by jaiswalhema 2

Wify is earning money in USD and it seems that she will cross the current the INR 145k slab limit. My question is whether she is entitled for any IT discount/rebate for her earnings in forex. She has no other income
other than this.
Thanks in advance...

2007-03-06 20:19:24 · 3 answers · asked by SMDas 1

2007-03-06 19:26:24 · 9 answers · asked by payal m 1

2007-03-06 04:39:00 · 2 answers · asked by bpdey 2

tax is being deducted from my salary.do i have to add accrued interest earned from nsc to my income as income from other sources ? can i get deduction for the same under 80 c ?

2007-03-06 03:27:42 · 1 answers · asked by subra 6

I am a salaried employee in a Public Sector Bank in india. In 2003 I have not filed IT return due to my frequent transfers during April-Sept. Afterwards I am not able to muster courage to file IT return with one year failure to file IT return. Now I want to file IT return. All these years my employer is deducting tax to the last paise and remitting the same to IT department promptly. I have not concealed any income from my employer.

2007-03-06 02:43:27 · 5 answers · asked by amkrishna1957 1

2007-03-06 01:56:44 · 7 answers · asked by khushi 2

2007-03-06 01:14:54 · 3 answers · asked by mitsu 1

2007-03-06 01:03:10 · 5 answers · asked by Anonymous

2007-03-05 23:17:33 · 3 answers · asked by Madhan G 1

2007-03-05 22:55:38 · 3 answers · asked by KP 2

Say for example:
April -March - 12 months salary
Notice Period - 3 months
Notice Period not served - 2 months
so will the TDS deductible by company is for a period of (12- 2 = 10 months) or for 10 months only or
Salary received 10 months - 2 months salary withheld or paid back = 8 months
So will the taxable income is for 12 months/10 months/8 months and what is the section of the IT rule that deals with that.
Please reply immediately.
Regards,
Om

2007-03-05 21:31:37 · 1 answers · asked by Om 1

2007-03-05 21:08:06 · 7 answers · asked by vipali g 1

plz help me fast.......its for my board exams!!!!!!!!

2007-03-05 04:51:21 · 2 answers · asked by jai ajmera 1

2007-03-05 02:16:14 · 3 answers · asked by t k 1

2007-03-04 20:51:37 · 3 answers · asked by ATUL M 1