many transport co. are paying their tds as the rate of (0.14).so plz give me some information on it .

Is it compulsory to file Form No.26-Q for the related quarter even if there is no TDS deducted or payable for that period ?

Can now possiable submit return without any penlty for the period 01/04/2006 to 31/03/2007 (Tax Libility is nil)

One of our clients had not deducted the TDS amount on certain payments and doesnot hold a TAN too. The ITO had found guilty and filed a case regarding the same. but the persons who got those payments had paid the tax in full. Now what are the consequences? Is our client still liable to pay the TDS and other penalties?

whether fringe benefit tax is payable on board meetings and annual general meeting and the expenses related to them.

For eg. rent of the hotel where agm or bm were held, refreshment, travelling fares provided to directors for attending the agm and bm etc.

I am doing B.com(hons.).In the final year i have project and i want to do project on taxation. In taxation i want to make project on income tax. so you have any suggestion that how I can make best project on income tax

Dear Sir,
Kindly know me Can A.O. Examin the assessee on oath under the proceedings of assessment u/s 143(3) of the Income Tax Act, 1961. Can he record the statements of the assessee on oath.

What happen if all the statements recorded are wrong because the person who has given the statements was not known to the procedure of the statements and all the statement given on the matter which was three years old. All the statements given in haste.

Kindly guide me. Kamal Gupta FCA 9413339032

What will happen if Tax deduted on salary for Qaurter 2 to 4 n deposited after March of current year

Dear Sir,
Return has been filed u/s 44 AF of the Income Tax Act, for the F.Y. 2005-06 A.Y. 2006-07. This case is under process of assessment u/s 143(3) of the Income Tax Act. Now the A.O. has asked for the details of household expenses like vegetable, food, grains, cloths, school fee along with the supporting documents. Whereas section 44 AF clearly says that provision for maintenance of books of accounts is not applicable if the return is filed u/s 44 AF of the Income Tax Act. My question is can A.O. do so?

In this case A.O. has also asked for the list of debtors and creditors, bank confirmation as well as the capital verificaion. Kindly give your valuable guidence. Thanks in advance. Kamal Gupta FCA 9413339032

dear expert, pl. solve my query:-

we have deposited excess amount of TDS for the month of jun 08 by Rs. 40000, nd we have to submit the quaterly return.
my query is how this excess amount should be show/adjusted in return.
whether this excess amount of RS. 40000, should be adjusted.