The last date for filing of Income Tax returns has been advanced to 30th September in the recent budget.

Has the last date for payment of Wealth Tax and Return too also been changed to 30 September?

i purchased a new machinery for Rs200000 and company gave a 1yr warranty.After 6months due to some technical problem machine got repaired and co. replace some spare parts and raised a invoice forRs50000 and on that invoice mentioned free of cost.my query is whether i should capitalize this extra 50000 also even though i not paid any amount.

What is the FBT rate apllicable on ESOP? Would also like to know the surcharge or any other tax applicable on it

Can anyone provide me chart of parties covered u/s 40A(2)(b) of IT Act

Section 80-C permits the deduction for the payment of the amount (including the repayment of the principal component in the Housing loan from the specified persons) towards the purchase/construction of the House property.
The query is whether this deduction for the repayment towards the principal amount is available even if the possession of the property is not obtained during the Previous year?
Unlike for the deduction of the interest on the housing loan u/s 24 of the Income Tax Act which allows deduction in two parts (pre-construction and post construction) means the date of possession is relevant.

Thanks.

Hemendra

For calculating FBT,Use of telephone (including mobile phone) other than expenditure on leased telephone lines comes under tax net

Does it mean that wired telephone connections taken from for e.g.BSNL,Tata Indicom do not come under the tax net ..i.e. Telephone exp. incurred on these connections

Plz elaborate

Is it compulsory to file all 4 Quarter (24Q )returns for financial year 07-08 to issue form 16 to employees for the period 01.04.2007 to 31.03.2008.

sir w.e.f. 1/4/08 it is mendatory for company assessee and the assessee covered u/s 44ab to pay tax through e-payment mode, now my confusion is that, if by mmistake we had already paid the tax manually and not through e-payment mode than what will be the procedure to be followed by me in this situation. waiting for your early reply.
thanking you

Hi all,

A salaried individual having House Building Advance(HBA)wants to file IT retrun. Which return form he will choose? ITR1 or ITR2? Can any one tell me the basic difference between Return Form ITR1 and ITR2.

Please reply.

TDS deducted on Foreign Remmitance should be deposited into Central Govt' A/c in how many days after remittance ?