Dear Sir,
One of My Client (Pvt Ltd Company) had filed the return of Assessment Year 2007-08 in due date. its a Refund Case around 1,50,000/-. After 6 months they received one more TDS Certificate for AY 2007-08 from one party around rs.75,000/-. shall i file the revised return or shall i consider that TDS Certificate now & Claim the same for AY 2008-09. Pls Help me out regarding this.
Dear Expert,
An army Major was sent on UN assignment. He opened an NRE account in SBI prior leaving. All allowances received from UN remitted in that account. He made an FD out of balances so accumulated in the account on 4.1.2007. By 31st July his assignment was over and came back to India and joined the Army. On 4th January the FD matured and got encashed. He received an Interest of about Rs.50,000/-
Please clarify: Is he liable to pay income tax for the interest? If the answer is yes a) interest earned after returning to India or the whole interest is subjected to Tax.
What are the consequnces of not filling the income tax return of individual, having tax liability, befor 31st july,2008 ?
Our company is in arbitration. our company has to bare 50% of fees payable to Judge of the arbitration. Whether the company is liable to deduct the T.D.S on fees payable to judge for the arbitration ?
please give your expert opinion on above.
Thank You.
I Want To Just Clarify Regarding Answer Given Mr.Anand To Mr.Sathiyamurthy Regd Which ITR For Ins.Comm.
Insurance commission will fall under the head of Income from Business or Profession
ITR-4 Needs To Be Filed And Not ITR-2
A company yearly credited a fixed amount for medical expenses in the account of employees and amount is paid on submission of medical bills by the employees
Is this amount liable for FBT
If we give arrear salary , then on what amount we will deduct P.Tax. Is it will be on that month we give the arrear with the salary of that month or we will calculate the P.Tax according to the salary for that month itself
Case :
Income Tax has been duly paid on 31st July.
But ITR is not filed on or before 31st July.
Ques 1 : Whether Intrest will be further levied if ITR is not filed upto 31.07.2008 ?
Ques 2 : Upto what date the same return can be file without penalty ?
Have filed my e-return on 28 July 08. Am told that I need to submit Form V within 15 days of date of e-filing. Will the last date of July 31, 08 be applicable to Form V aswell?
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