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Contents contributed and discussions participated by suraj kumar

suraj kumar

80g - 0 views

shared by suraj kumar on 02 Aug 13 - No Cached
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    The following income 80g chargeable to income-tax under the head "Profits and gains of business or profession",- (i) the profits and gains business or profession which was carried on by the assessee at any time during the previous year. (ii) any compensation or other payment due to or received by - (a) any person, by whatever name called, managing the whole or substantially the whole of the affairs of an Indian company, at or in connection with the termination of his management or the modification of the terms and conditions relating thereto; (b) any person, by whatever name called, managing the whole or substantially the whole of the affairs in India of any other company, at or in connection with the termination of his office or the modification of the terms and conditions relating thereto ; (c) any person, by whatever name called, holding an agency in India for any part of the activities relating to the business of any other person, at or in connection with the termination of the agency or the modification of the terms and conditions relating thereto ; (d)any person, for or in connection with the vesting in the Government, or in any corporation owned or controlled by the Government, under any law for the time being in force, of the management of any property or business.
suraj kumar

registration of 80g - 1 views

tax exemption under 80g
started by suraj kumar on 02 Aug 13 no follow-up yet
  • suraj kumar
     
    financial year immediately preceding the assessment year the assessee has made investments which are not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of the investments or the explanation offered by him is not, in the opinion of Officers, satisfactory, the value of the investments may be deemed to be the income of the assessee of such financial year.

    http://registrationof80g.wordpress.com/
suraj kumar

tax exemptions - 0 views

80g 12a exemption
started by suraj kumar on 02 Aug 13 no follow-up yet
  • suraj kumar
     
    The share of a member in the income or loss of the association or body, as computed under tax exemption under 80g shall, for the purposes of assessment, be apportioned under the various heads of income in the same manner in which the income or loss of the association or body has been determined under each head of income.
    Any interest paid by a member on capital borrowed by him for the purposes of investment in the association or body shall, in computing his share chargeable under the head "Profits and gains of business or profession" in respect of his share in the income of the association or body, be deducted from his share.
    http://in.linkedin.com/pub/suraj-kumar/76/3/5b4
suraj kumar

80g exemption - 1 views

registration of 80g
started by suraj kumar on 02 Aug 13 no follow-up yet
  • suraj kumar
     
    Any interest, salary, bonus, commission or remuneration by whatever name called, paid to any member in respect of the previous year shall be deducted from the total income of the association or body and the balance ascertained and apportioned among the members in the proportions in which they are entitled to share in the income of the association or body.
    The amount apportioned to a member under 80g is a profit, any interest, salary, bonus, commission or remuneration aforesaid paid to the member by the association or body in respect of the previous year shall be added to that amount, and the result shall be treated as the member's share in the income of the association or body.
    http://fb-surajkumar100006127361279.newsvine.com/
suraj kumar

80g|12a - 2 views

80g 12a exemption registration of
started by suraj kumar on 02 Aug 13 no follow-up yet
  • suraj kumar
     
    National Committee carrying out any eligible project or scheme, the assessee shall, subject to the provisions of this section, be allowed a deduction of the amount of such expenditure incurred during the previous year.
    Provided that a company may, for claiming the deduction under 80g exemption incure expenditure either by way of payment of any sum as aforesaid or directly on the eligible project or scheme.
    (2) The deduction under 80g (1) shall not be allowed unless the assessee furnishes along with his return of income a certificate-
    (a) where the payment is to a public sector company or a local authority or an association or institution referred to in 80g (1), from such public sector company or local authority or, as the case may be, association or institution;
    (b) in any other case, from an accountant, as defined in the Explanation in 80g registration
    in such form, manner and containing such particulars (including particulars relating to the progress in the work relating to the eligible project or scheme during the previous year) as may be prescribed.

    NgoConsultancy
suraj kumar

80g - 3 views

80g 12a
started by suraj kumar on 02 Aug 13 no follow-up yet
  • suraj kumar
     
    The amount so received, after deducting shall be deemed to be the income chargeable under the head "Income from house property" and accordingly charged to income-tax as the income of that previous year in which such rent is received, whether the assessee is the owner of that property in that year.
    (a)is the owner of any property consisting of any buildings or lands appurtenant thereto which has been let to a tenant; and
    (b) has received any amount, by way of arrears of rent from such property, not charged to income-tax for any previous year,
    http://www.pusha.se/80g-12a
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