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| ID | Description |
| DIRECT TAXES |
 12460 | sec194C(6 7)
As per the above, no tax has to be deducted if the PAN is furnished and the same has to be furnished with IT Department
What is the prescribed form in the rule? by BIJU P D 3/10/2010 12:00:00 AM Total Answers : 0 |
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| 12459 | Co ownership
My Q.Id.12454. X and Y are co owners of a property. X pays a notional rent which is far below the market rate to Y and vice versa. This is done to claim with the sole aim of claiming interst paid on housing loan without any upper limit.( If self occupied then only Rs.1.50 lakhs). Is there any way to counter this colourful design? by balasubramanian 3/10/2010 12:00:00 AM Total Answers : 0 |
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| 12458 | TDS for deductees without PAN
A deductee who is a transport contractor is not furnishing his PAN number to the deductor . what is the rate of TDS in such cases with effect from 1.4.2010. (whether 20 as per sec 206AA or 1 as specified in 194C) by ANAND B 3/9/2010 12:00:00 AM View Answer Total Answers : 2 |
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| 12455 | Remuneration to Partners
Ref query 12427 relating to remunerationof thePartners
Sir,
Our deed provide for remuneration calculated atpercent of total receipts.,which is calculated at the close of the year.Other remuneration is per month basis. Please advise how the remuneration which is calculated at the close of the year.
Thanks
Charan Dass Sharma by Charan Dass Sharma 3/9/2010 12:00:00 AM View Answer Total Answers : 3 |
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| 12454 | Co ownership
X and Y,brothers, are joint owners of a house property. It is used by them for their own residence. Housing Loan is also in their joint name. They have paid rs.5 lakhs towards interest for that loan during this year. Each persons share is 50-50. If self occupied, interest deduction is restricted to 1.50 lakhs. So X pays a notional rent to Y and Y pays a notional rent to X. They show the rental income as rent received and against which they claim interest deduction to the extent of Rs.2.50 lakhs each, Since there is no restriction for interest deduction in case of let out properties. Kindly comment on such arrangement.Are there any case laws? Thanks by balasubramanian 3/9/2010 12:00:00 AM View Answer Total Answers : 2 |
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| 12453 | Mutual welfare organisation
We have a resident mutual welfare organisation, run with monthly subscriptions.
1. Whther I.T return is to be filed.
2. How to avoid TDS on the bank deposits, made from surplus funds?
3. Is there any exemption available for TDS, IT filing.
Please give relevant provisions, notifications. by BARATHIDASON R 3/9/2010 12:00:00 AM View Answer Total Answers : 2 |
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| 12452 | REIMBURESMENT OF MEDICAL EXPENSES
Are expenses incurred on any kind of dental treatment allowed when taking into consideration the total medical expenses allowed for expmption under reimbursement of medical expenses upto the meximum limit of INR 15000. by CA. DUMASIA KAIRSY PHIROZESHAW 3/8/2010 12:00:00 AM View Answer Total Answers : 9 |
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| 12451 | Registration Us 12AA
Can Registration Us 12AA be taken with retrospective effect? i.e. to get the exemption for the F.Y. earlier than the F.Y.in which application Us 10A is made.
if yes ,To whom to apply? What is the procedure? please answer in detail. by H S Nandini Manjunath 3/8/2010 12:00:00 AM View Answer Total Answers : 4 |
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| 12450 | Wealth Tax
Whether a shopgala being commercial premises owned and held by the individual but not used for any activity and lying vaccant throughout the year is an asset and is to be included in his net wealth and charged to wealth tax ? by sudeep b. sarwate 3/8/2010 12:00:00 AM View Answer Total Answers : 5 |
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| 12449 | Capital Gain
Whether individual co-owners whose shares are determinate can invest their share of long term capital gains on sale of residential house in separatedifferent residential houses in their own name and claim exemption us 54 of the income tax act 1961 in their individual return of income ? by sudeep b. sarwate 3/8/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 12448 | Capital Gain
Whether the benefit of Indexation of cost of acquisition of immovable property is available from the year when Agreement to purchase the property was made or from the year when the possession is given, say after 3 years, on completion of construction ? by sudeep b. sarwate 3/8/2010 12:00:00 AM View Answer Total Answers : 6 |
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| AUDIT |
| 12456 | Bank Audit
Any one get appointment letter from Bank regarding Statutory Audit 2009-10? by CA. GURDEEP SINGH CHAWLA 3/9/2010 12:00:00 AM View Answer Total Answers : 1 |
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| Service Tax |
| 12457 | Wheter this service is covered under Business Auxiliary services.
The objective of this company is to collect all the industrial effluent from Industrial Estate and treat them at final effluent treatment plant as per Specific Guideline.Company is raising the Operation Maintenance charges (Revenue Charges) to its Member Industries based on effluent Qantity and quality what they are discharging in to Companie’s system.
by satyanarayan laddha 3/9/2010 12:00:00 AM View Answer Total Answers : 1 |
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