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Dolly Jagad
26 June 2008 at 13:08

Filing of ITR 7 for trust


Dear all,

Whether E-filing of ITR 7 for trust is possible?
if it is possible whether it is mandatory or optional??


thanks


CA. SANTOSH S KEWALRAMA

Dear All,

One of my client is having partnership firm in F.Y 2005-06 which is converted into proprietory concern in F.Y 2006-07. In F.Y 2005-06 Audit was done u/s 44AB and also TDS is deducted on unsecured loans.In F.Y 2006-07 there is no unsecured loan hence TDS is not deducted and also he is not eligible for Tax Audit during F.Y 2006-07 since his receipts are below 40 Lacs. Now in F.Y 2007-08 he is liable for Tax Audit. My question is that whether TDS provsions are applicable in F.Y 2007-08 as the business is in Proprietorship Name and in propreitorship name this is his first year of audit.


saiganesh
26 June 2008 at 12:49

Income Tax Return filing

Last year one our client filed income tax return in bangalore.this year he shifted his residence to chennai so he want to file the return in chennai.and he didnt change the address in pan card.please any body tell me isit possible and any procedure is there?


Sakshi Gumbar
26 June 2008 at 12:28

Interest of housing loan

If loan is taken in joint name of husband & wife but payment being made of installments from husbands account.
Can full amount of interest and principle can be claimed u/s 24B and 80C from husbands income.


mint
26 June 2008 at 12:15

HRA Circular


Hi

Kindly advise if Income tax India has introduce any new circular regarding the Pen card no is mandatory on the rent receipt to avail the HRA benefit. And limit to produce rent receipt as proof to avail the same benefit.


ravi agarwal
26 June 2008 at 12:12

urgent please

Loan given to a company by its director's father(Say X) few years ago..
In the year 2005, X died.
No legal hier of X has claimed the amount due to company till date.
please suggest me the appropriate treatment for the same.


kaushal
26 June 2008 at 11:11

VAT....................

VAT and CST paid on purchase on assets .
Is such classified as input credit in CENVAT rules
And if yes
Can we claim refund if such are not utilised ????


kaushal

Pension received by senior citizen
Is it Taxable?????


Shekar
26 June 2008 at 10:47

Form 16 signing

While issuing Form 16 to Employees is it necessary that Employer has to sign personally on Form 16 or Fascimile will do?

One of our client is suffering as he has to sign more than 5000 Form 16...


LATHA RAMESH

Hi
Under what head salaries drawn by the directors, of company is charged? INcome from salary or as business income? for example salary drawn by Anil ambani from his company?