I wants to revise my TDS return for 1st and 2ne quater of 2007-2008.how can i revise the return ? which r the software i can download from free websites ?
A company manufacturing certain products also owned windmills. It put up an addl. windmill in the P.Y relevant to A.Y 2003-04. Electricity generated is both captively used by it and sold to Electricity Board. With increase in installed capacity of its manufactured products by more than 20% over last year, it claimed additional depreciation u/s 32(1)(iia) on all new eligible assets including windmill. A.O disallowed such claim on windmill for reasons below:
1) Electricity produced is not an “article or thing” as contemplated in Sec. 32(1)(iia)
2) Even if so, electricity has been captively used
3) There is no installed capacity for windmill.
Is A.O’s stand tenable?
Dear all,
I have a client who has engaged a business consultant & is paying professional fees after deducting TDS, however the client is also bearing the house rentals of Business Consultant(other than the professional fees)& is paying rentals to the landlord after deducting TDS.
what i want to know is that whether the business consultant would be liable for TDS liabilty for house rental liabilty met by client?
A Company has paid Rs 50,000 in cash for the purchase of Fixed Assest at a single time.
Whether such amount shall be added back to the profits of the company for the purpose of computation of Profits of the business.
If i haved Filed An E Return, So should i get my acknowledgement stamped with the same IT ward , with whom i had previously done that or I can get it stamped from any IT Ward.
Other Question is Suppose i have my PAN Card which i have made in mumbai, Can I get my acknowledgement stamped from an IT Ward in banglore.
As per sec 139(3)if i wnt to carry forward my loss i hv to file my return under the limits specified under sec139(1)ie for individual who doesnt need to audit the limit is 31st July.
As per sec 139(5)i can file a revised return within 1 year of asst year.
My Question is , If before 31st july i have filed a return having income,
then can i u/s139(5)file a revised return stating loss .
Is there any case law regarding this
Amount received on sale of Jewellery -
Deduction U/s54 F Can be claimed for the capital gains
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E-TDS- Query