what happens if net banking a/c not opens till 31.5.2008 , Banks are accepting the tds challan as before.

is there any penalty on depositing the tds through bank without net banking

what happens if net banking a/c not opens till 31.5.2008 , Banks are accepting the tds challan as before.

is there any penalty on depositing the tds through bank without net banking

1.We cannot make a single payment or several payment in a year in cash above RS.20000/- but i want to know whether we can recive amount above Rs.20000/- in cash.

2.If No, can i know the relevant income tax section under which it is not allowable?

3. For eg a company is selling a scrap of waste material which is not his regular business.The company has made excise bill of Rs.42,000/- the company receives the amountin cash from the party to whom the scrap was sold.

Can we show a single receipt of Rs.42,000/- as cash received for sale or is their any way to show the same.

Can some one give me ITR 1 to 4 in excel format for Asst year 2008-2009?

Dear all,

If you know then please help me. What is the differece between Amusement Tax/Entertainment Tax and Luxury Tax?

Dear friends,

I'll put forth my doubt here.Sec. 54 of IT Act is applicable w.r.t sale of a residential property and investment in another residential property.What will be the consequence if a person owning 3 flats with separate door nos. (within the same compound) sells all of them and invests in a single residential property.Also explain the wealth tax perspective of this transaction.
thanking you in advance,
srivatsan

As per the provisions of Sec. 40A(3) if the payments were made by otherwise then account payee cheques / bank draft are disallowed.

1. Wheateher purchases also covered?

2. if some one has deposited cash in Creditors account through core banking system, wheather it is to be disallowed as per provision of Sec. 40A(3)?

Is there any changes in 3cb/3cd reports for A.Y. 2008-09 ?

how to calculate turnover in case of trading in future & options of shares/commodities - asked in relation to sec 44AB.

In case of day to day trading, whether turnover or profit will be the basis for tax audit ?

sir, what is the rate of TDS to be deducted on rent payment to an NRI in Indian currency deposited in Indian Account.