Income Tax

by Sundaravalli
(ChennaI)

How to account the income tax paid by the limited Company

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Income Tax

dear sir

we have accepted amount greater than 20000 rs.per day for five days(total 100000) from a party against given loan to the party

the case is in scrutiny.tax department ask explanation on the point.
how will the department treat the point

regard
manoj rathod,

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Income Tax Exemption

by Divya
(Gurgaon)

Dear sir

I want to know that If a person is residing in her own house and showing the office that she is paying rent to his father in law. In that case exemption is allowed for House rent.
Divya Jyoti
hipa, sector 18, Gurgan

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income tax on salary + profit on short term shares

by sameed
(hyderabad, india)

I have salaried employee with 4 lakhs taxable income.
I have completed paid my income tax through company TDS.
Nothing is pending to pay tax.

I have profit of 10000 on short term shares.

how much do i need to pay tax.

Is it flat 15% on 10000 rupees (sec 111A of income tax).
or
Is it i need to pay tax for 4lakhs + 10000 rupees
as income tax slab rate applicable

please clarify.

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Related To Service Tax

by deepak
(panjab)

I'm an indian working in india. I'm earning about 90000 rs by giving advice to people where to invest in shares and comodities, my fee is below 20000 rs from one person. Is there any service tax liability towards me? Currently I'm not taking any service tax from my clients. Kindly answer.

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Tax Problem

by mandeep
(mumbai)

I want to buy a Audi A4 which cost 30 lakh rupees. Is it ok if I give them a cheaque of 30lakhs and pick the car? I have cash saved up.

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Taxable Income

Received 3 seperate checks for a lawsuit against my previous employer for back wages for overtimre. 1 was for ot wages...1 was a settlement check and 1 was for 1% of the total lawsuit becaus fse their were other people involved and I got a finders fee....are all of these checks taxable?

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Taxes

Who and who cannot file for a child?

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Income Tax

by Diana
(Fort Worth TX)

I just turned 18. I've been living with my boyfriend. Can he claim me on his income tax?

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Reporting Prize Incentive Earnings

I am trying to prepare my 1099's in Quickbooks and I need to include the value of the prizes/awards that my vendors received.

Should I use a journal entry? What can I do to have these amounts caluculated in the 1099 misc non-employee comp?

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