UNDER WHAT HEAD SHOULD WE GIVE DETAILS OF DEPRECIATION ON CAR BECAUSE THERE IS ONLY ONE HEAD PLANT AND MACHINERY
WHICH HEAD TO CLAIM UNIFORM EXPENSES FOR DRIVER UNDER SALARY & WAGES OR UNDER OTHER EXPENSES BECAUSE THERE IS NO OTHER HEAD
I HAVE TO FILE ITR IV FOR PROFESSIONAL INCOME. i AM USING MY CAR FOR PROFESSIONAL PURPOSES. CAN I CLAIM PETROL EXPENSES IN P & L ACCOUNT. SECONDLY THERE IS NO COLUMN IN ITR IV FOR PETROL EXPENSES IN SCHEDULE OF P & L A/C PLEASE TELL WHICH HEAD TO PUT PETROL EXPENSES
From Which Year e-filing of return in the case of individual whose accounts are audited is compulsary ..
In the recent Budget (Finance Act), govt had imposed Service tax on the services of lawyers. i wanted to know that it is also applicable to the firms which is of the nature of proprietorship.????
what is the procedure to get registred a Pvt. Ltd. co. under dvat Act to attain its Tin No.
Mr. X had booked a flat in Ansal for which he had made payment of Rs 25 :Lacs as an entire amount as cost of acquisition of flat in Building No 6 of Ansal, the Ansal did not constructed the building and instead of allotting the flat in building no 6 instead of which he was allot ed flat in Building No 2 .This flat was not having the amenities as they were supposed to be in the original allotment.Aggrieved by this decision of Ansal he filed complaint in Consumer Court and after which court decided to give compensation of Rs 15 Lacs in favour of Mr. X against which Ansal filed an appeal the case then was mutually decided at a figure of Rs 10 Lacs.
To ascertain weather Rs 10 Lacs is taxable income of Mr. X and if it is under which head of income or this is an exempt income not chargeable to tax?
ONE OF MY CLIENT GOT VAT REGISTRATION IN NOIDA, BUT NOT YET FILED HIS VAT RETURN TILL DATE.
NOW HE HAS TO TAKE FORM 38 FROM THE DEPARTMENT OF COMMERCIAL TAX ( SALES TAX )
HE HAS BEEN DOING JOB WORK ON CLOTH AND USING INK ( CONSUMABLES ).
MY QUESTION IS SHOULD HE CHARGES VAT ON WHOLE VALUE FABRIC + JOB WORK CHARGES + MATERIAL USED OR ONLY ON MATERIAL USED.
IS VAT APPLICABLE ON IT AT WHAT RATE.
IF HE DONT DO THE JOB WORK ONLY DO TRADING OF FABRIC. IS TAX EXEMPT ON IT.
I want to know how to compute income of L.I.C. Development officer's income under Income Tax Act, particularly with regard to allowance of expenditure (giving an example wit fict. figs if possible). further please provide me any case laws for claiming such exps in case the same is not as per sections of the income tax act.
Thanks in advance.
case laws
m lookiong 4 case law pls provide me link ............
1 C.R.Ashok Kumar V/s K,V,Salvi & other (2001 A/r (Bom) 404 ; 2001 (4) AII Mr 391 )
2 Wasudha Suresh Jirapure V/s Vijayanad Gruhta Nirman Sahakari SAnstha , Nagpur ,2003 (2) Mh IJ 715