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CA.VIMAL KUMAR PANJIYAR
05 March 2008 at 13:49

E-Tax Deducted at Source

We are a Ltd. comapany. Wehave not deducted any TDS in Financial Year(FY) 2005-06 and 2006-07 so we have also not filed E-TDS for that corresponding Year. Now in FY 2007-08 we have deducted TDS.Now my question is Whether we have to file E-TDS for 2005-06, 2006-07 and 2007-8 FY or only for FY 2007-08.If we have to file E-TDS for 2005-06 and 2006-07 then penalty of Rs.100/- per day will be levied or not.

reply with reference to sections of IT Act,1961


CA.VIMAL KUMAR PANJIYAR
05 March 2008 at 13:49

E-Tax Deducted at Source

We are a Ltd. comapany. Wehave not deducted any TDS in Financial Year(FY) 2005-06 and 2006-07 so we have also not filed E-TDS for that corresponding Year. Now in FY 2007-08 we have deducted TDS.Now my question is Whether we have to file E-TDS for 2005-06, 2006-07 and 2007-8 FY or only for FY 2007-08.If we have to file E-TDS for 2005-06 and 2006-07 then penalty of Rs.100/- per day will be levied or not.

reply with reference to sections of IT Act,1961


Nagendra Kumar
05 March 2008 at 13:28

Tax deducted at source

sir under what section we have to deduct tax on transport


Nagendra Kumar
05 March 2008 at 13:23

employer contributes towards upf

sir
employer contributes some amount to unrecognised pf and unapproved gratutity fund on behalf of employees.is it admissible expenditure in business under what section? if it is inadmissible it is taxable in the hands of employer.and same is taxable in the hands of employee at the time of receipt,so there is double taxation on same.how it is possible?please explain me elobrately.
sir please verify at the time of receiot both principle &interest is taxable in the hands of employee


Anoop kumar Modi

Sir i have a income exceeding the lower limit i.e.Rs. 1,10,000/- now we want to file a return after the due date i.e.31.07.07 and also paying a tax Rs. 1000/- Now Can an A.O. impose a penalty u/s 271B?


amit c
05 March 2008 at 11:35

gift to daughter law

Mr. X made a gift of Rs. 300000 to his daughter in law .she invested that amount in p.o. mis .
Whether clubbing provision is applicable? Deduction is available u/s 80c?wheather she can jointly share the income with her husband?


CA. Amey Badle
05 March 2008 at 11:00

Applicability of notification

Is the Notification No. 271/2007 dated 07/11/2007 applicable to November 2008 PCC examination?


Rakesh Singh

I registered a flat in Feb 2006 and did not take any benifit of the amount paid towards registration in income tax. I am getting the possession of the flat in April 2008. Can I claim any benifit in year 2008-09 for the amount I paid for house registration in Feb 2006? If yes, what kind of exemption allowed and is there any limit on that?


Rakesh Singh
05 March 2008 at 10:47

Income Tax Refund

For the year 2004-05 I paid income tax in excess of Rs 5000. I filed the IT return in Pune, Maharashtra. I got my PAN number from Bangalore in year 2002.
Till now I haven't received my refund. What can I do get my refund?


Rakesh Singh
05 March 2008 at 10:45

LTA exemption in Income Tax

What are the documents needed to claim the exemption on income tax on Leave travel assistance?
And what is the limit for LTA that can be exempted from tax?