Dear All,

I am having others income (i.e income from interest only) not salaried. Should I get rebate of Rs 15000 of medical re-imbursement. this is for Financial year 2007-08. I have already taken a rebate U/s 80C of Rs 100000/- . Pls help me.

Dear Sir,

There is a interior contract with all furnish given to a interior decorator. As per contract it his duty to complete the building with all required furniture for office and others. Initially it was not decided that he will give his bill lumbsum or bireficated in material or labour charges. therefore when we have paid in advance we deducted the tds amount regularly in 2007-08. After some time it was decided that he will give his bill saprately 80% of material and 20% of labour. In the whole financial year 2007-08 only material bills were received not of labour. (Still building is not completed up to 31.03.08). But now it might be completed in July08 and he will raise his labour bill. Here starts the query that we should deduct the tds on his labour bills or not, if yes, then the tds deducted in 2007-08 was excess deducted from him. If Not, then it was sufficient what we had deducted from him in 2007-08

Please Clrify the same as soon as possible.

Please guide, how the TDS provisions are complied with if a company do not directly incur the expenses but makes the reimbursement of expenses to the staff, in the 2 situations mentioned herein below.

1. Invoices are in the name of employee.

2. Invoices are in the name of company but payment was made directly by the employee and later on reimbursed by the employer.

Commission paid to a Non Executive Director of a Limited Company;Whether the same is taxable under the head Salaries or Business Income or any Other Head?

if a person accepts loan in cash in this manner
1/4/07 15900
20/4/07 15800
3/9/07 15800

then whether he is liable u/s 269S & 269T IF IT IS
(A) AUDIT FIRM
(B) NON AUDIT FIRM

If that firm comes U/S 44AD or 44AF or 44AE?
what is the penalty for violating sec 269ss or 269T

I would like to know whether sections 80R,80RR,80RRA are omitted or not from INCOME TAX ACT 1961.If omitted the financial Year in which it was omitted.If not omitted why does not T.N.Manoharan book contain the sections in the sections list given at begining of the book.

Whether audit of a company as per companies Act is necessary for filing income tax return in case of first operating year of the company?

Whether audit of a company as per companies Act is necessary for filing income tax return in case of first operating year of the company?

can Husband & Wife (without Childeren) registered as HUf.