-The Income Tax Department is levying interest u/s 201(1A) for variation in the deduction of the TDS on Salary on month to month basis for the last 3 years(2005-06,2006-07,2007-08). Sometimes the deduction is less than the average but sometimes it higher too.
-TDS on Salary deducted and deposited on or before due date, everytime.
-The Employer is passing the liability to Employees and recovering the same interest from the concern employees.
- My query is
1. Whether the above approach is correct?
2. Is there any time limit for charging the interest u/s 201(1A)?
3. Whether it is the right interpretation of the quoted section.

PLS ANY BODY TELL ME THAT HOW TO CALCULATE INTEREST U/S 234A, 234B & 234C.
PLS TELL ME WITH EXAMPLES.

Sir,

I hereby ask one my carrer aquestion please answer me,i completed MBA(Finance) & pursuing CS & working in one company on MBA basis is & recently completed CS inter also is their good future pls guide me which way better
MBA (or) CS....

Thanks & regards
Maruthi.K.T

DEAR ALL,

TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.

1. shell network is fibre optic cable supplier and he also installs cable.one of my cilent used his services. whether TDS to be deducted.if to be deducted under which section to be deducted.


2. whether TDS to be deducted on printing &stationery. the expenses incurred towards printing of answer sheets,addtl sheets, records books with logo on all these.

my client has already two houses and he bought one more house to claim 54f.

is it easy to hide one house in scrutiny.

Can he gift one former house to his elder son in back date by writting a written gift agreement. so that he will be eligible to claim exemption u/s 54f.

If NO, than how can he manage his capital gain.


1. i want to confirm that any clubbing provisions would not be applied to the above case.

during audit i found that TDS of whitewash contrctor was deducted at 2.1%. is this rate ok or not?
if not please tell applicable rates..

Hi,

I have received a notice u/s 142 (1) to prepare a true & correct returns fof F.Y. 2005-06 & to submit the same to the ITO before a particular date & to be also present on that date in his office.

I want to know what the notice pertain to & what documents should I carry when I go for the hearing.

Please also let me know if I have not filed my returns for F.Y. 2005-06 as I cannot find the acknowledgment copy then what are the consequences of the same. Can I file it now or what is the alternative.

Thanks
Altaf

Please explain me the Applicability of Sec 14A and Rule 8D?

Will appreaciate if any of the Experts can educate me on the Whether TDs needs to be deducted on Freight paid to Korean(flag) shipping Company for loading of cargo done in India.
If TDS is to be deducted then at what rate ?