Answer / srinivas siripuram

Two type of Deductions are available to Individuals under
this section from Assessment year 2009-10

Deduction on Medical insurance premium paid for
himself,spouse,dependent children =Rs 15000 maximum.
Deduction on Medical insurance premium paid for
parents ,whether dependent on assesee or not =Rs 15000
maximum

Answer / rakesh yadav

THE MAXIMUM LIMIT OF 80D IS 15000/ FOR A INDIVIDUAL,AND
20000/FOR SENIOR CITIZON

can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

0 Answers   Aircon,

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How to enter both TDS receivable & balance payment received in receipt voucher (Single voucher both should be covered) Please help me. I am totally confused.....

3 Answers  

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for capitalized goods also buyer has to issue the C Form

2 Answers  

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What is FBT & Service Tax Remittances?

0 Answers   Complete Business Solutions, ITP, SAG,

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I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap

0 Answers   ABB, Chartered Accountant,

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I've bought goods from other state at 2% for trading. What is the rate, I've to charge for my customers?

1 Answers  

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if v have contract with the Purchasers then on the purchase bill which has VAT, can v deduct TDS Contract basis under 94J

3 Answers  

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Give details about TDS and its applicapable rates of latest year.

1 Answers   CA, Ratnakar Bank RBL,

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What is VAt ?

2 Answers   Su Kam,

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Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!

0 Answers  

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what is the tax rate or tax slab for the companies for AY 2009-10?

1 Answers  

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what is DATT? and how can assesse get Benefit and what is it section?

0 Answers  

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