Income Tax queries [13537]

All Resolved Open

N.ASOKAN

09 August 2008 at 12:19

payment exceeding Rs 20,000

In case of frieght payments to carriers such as lorry who don't have any bank accounts in the place of unloading, payment could be made only by cash whaioch may exceed Rs 20000 on a single day to the same party.

is there any mode so as to strictly comply with Section 40A of the Income tax Act 1961

N.ASOKAN

09 August 2008 at 12:18

payment exceeding Rs 20,000

GAGAN BIHARI PRADHAN

09 August 2008 at 12:14

Books of Accounts

For how many years a company should preserve it's books of accounts as per the IT Act,1961?

Vishnu Agarwal

09 August 2008 at 11:59

relating to section

section 143(1)which section it is?

Abhi123

09 August 2008 at 11:49

Deferred Revenue Expenditures

Can one time franchise commission paid be treated as deferred revenue expenditure. For example, A computer training institute is running of particular institute i.e. HArtron and one time franchise paid to hartron for taking franchies of hartron

JAVED SHEIKH

09 August 2008 at 11:15

TDS deduction from payments & bills

We follow different Formula for tds on bill amount and on payment amount. Th logic on payment is that the payment will be after tds hence on payment we put reverse formula and on bill amount we follow direct formula

Is there any base of provision for this ?

Pratik K

08 August 2008 at 21:47

(Ward/circle) in Ahmedabad

in letter of allotment of PAN, an assesse is alloted ward of (6/4).
He is having income of Salary and I found that the ward (6/4)is for profit and gains from business and profession only.

So where do he fill the return if his income is only from the salary and his category of employee is other.