I need Help: Questions about Taxation

[Safoora]

tax ka paper honay wala hay.. and i hav the following queries!!
plzz koi me ki help ker de!!

1. Mr.X is a salaried Person and he is provided with a medical allowance of Rs. 10000/month
besides this he is also entitled to free medical treatment approved hospitals..
Mr. X ko 10% of basic salary ki exemption milegi for the medical allowance?

2. Mr Z has suffered a loss in business.. is liye in pe minimum taxation apply kerengay.. so if Mr Z ne koi advacne tax pay kia hua hay ya tax deduction at source hui hay usko adjust kersaktay hain kia with tax amount payable under minimum taxation?

3.agar recognized provident fund pe interest is exempt higher of 1/3 of the salary or 16 % of what?

4. MR A is constructing his house and for that purpose he intends to take a personal loan.. can this loan be included in his taxable income? under wat circumstances?

[Safoora]

Mr. R is a salaried individual whose taxable income for previous year was more than Rs. 50000 and he has not filed the Wealth statement.. he is of the view that since he has no other source of income besides salary and his employer has already filed the annual statement he is not required to file a wealth statement..
sai ke rray hain mr. R?

[Safoora]

Mr A and B signed a contract on 20th may 2010 under which mr. A will supply good x to mr. B within two months.. at the time of entring the contract the goods were exempt from sales tax.. later on the govt withdrew the exemption...
25% advance was paid paid on the signing of contract and balance on delivery of goods on 15th july 2010..
Advise mr. A on charge-ability of tax..

[Safoora]

in the financial statement of an AOP the following appear under the head other incomes..
1) accounting profit on disposal of fixed assets
2) reversal of provisions of doubtful debt pertaining to the previous year
3) dividend recvd from a listed company
4) profit on debt
now i m required to explain with the reason as to how the above items will be treated in the computation of taxable income S

[imdad1]

i am a little busy in office right now will answer your queries in the evening Inshallah

[Safoora]

Thankoo in advance Imdad bhai )

[Safoora]

what are the circumstances under which a registered person shall not b able to deduct or claim input tax?

[LapTop]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Safoora</i>
<br />1. Mr.X is a salaried Person and he is provided with a medical allowance of Rs. 10000/month
besides this he is also entitled to free medical treatment approved hospitals..
Mr. X ko 10% of basic salary ki exemption milegi for the medical allowance?

2. Mr Z has suffered a loss in business.. is liye in pe minimum taxation apply kerengay.. so if Mr Z ne koi advacne tax pay kia hua hay ya tax deduction at source hui hay usko adjust kersaktay hain kia with tax amount payable under minimum taxation?

3.agar recognized provident fund pe interest is exempt higher of 1/3 of the salary or 16 % of what?

4. MR A is constructing his house and for that purpose he intends to take a personal loan.. can this loan be included in his taxable income? under wat circumstances?<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Q1- No

Q2- No

Q3- Pata nahi

Q4- No

[LapTop]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Safoora</i>
<br />Mr. R is a salaried individual whose taxable income for previous year was more than Rs. 50000 and he has not filed the Wealth statement.. he is of the view that since he has no other source of income besides salary and his employer has already filed the annual statement he is not required to file a wealth statement..
sai ke rray hain mr. R?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

agar 50000 monthly income hay to in ki annual income 600000 banti hay,
is tarhan Mr. R paband han k wo Income Tax return or wealth statement dono file karyn,

[Safoora]

Thank u sooo much Laptop bhaii...!!!

[sarah123]

Hi,


Wooff....horrible exam papers, thank god i`m over of it. Best of luck buddy..)


Regards,
sarah123

[url="http//www.calloptionputoption.com"]Indian Stock Market[/url]

[Safoora]

paper wasnt tht difficult... bas pass kerain yeh log tu baat hay P

[LapTop]

wasy Tax ka paper aysa hota hay to may to kabhi pass hi na ho sakta hahahahahahha sukar hay may nay B.Com nahi kiya

[Safoora]

lol me CA ker ri hun P

[LapTop]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Safoora</i>
<br />lol me CA ker ri hun P
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

CA may itny mushkil papers hoty han kya ji,,,,

hamary BA may to itny mushkil papers nahi thay ji, hahahahahah