From 01.01.08, is it necessary to pay all taxes i.e. TDS, Advance Income Tax, Advance FBT ... etc through on-line by compay assessee? Kindly let me know about the notification number, date ... etc.

when the refundable deposit with the owner gets adjusted with the last month rent, tenant can not able to deduct tax at source

what is the treatment for the above

From which date it ts possible to take depreciation on imported motor car for income tax purpose?

A was in coma for 8 days.During these 8 days his neighbour spent for his operation,Medicines,Hospital Charges,Surgicals,ambulance,doctors' fees etc amounting to Rs. 200000/-.

After coming out of coma,A returned the amount to his neighbour in cash.Has A violated the Provisions of Section 269SS and 269T?

What is Deemed Dividend Concept u/s 2(22)(e) ?

The Balance Sheet of A shows a Loan from his mother of Rs. 25 lacs borrowed 15 years ago.Now the mother wants to gift this money to A. A wants to pass book entries for this transaction as follows:

Loan a/c Dr. 2500000
To Capital a/c 2500000
(Being loan from mother converted into Gift vide 'Gift Deed' Dated .....)

Is gift by book entries prohibited under any Act?

80GG- Whether for salaried or all assesees?????


80DD- If exp.& Subscription is less than 50000/750000 whether even then 50000/75000b will qualify for deuction??
What will happen in case of blind member (HUF) no exp. has been incurred???

RESPECTED SIR,

IN A REF. BOOK I SHOW ONE EXAMPAL, THAT IS ONE NSC PUR. AT 10000 RS. DATED 12/12/2000. AT THE TIME OF COMPUTING RETURN FOR THE P.Y. OR FINANCIAL YEAR 2000 - 01, CALCUATION OF INTEREST FOR THAT NSC FOR THAT REMAINING PERIOD ( FROM 13/12/2000 TO 31/3/2001 )IS NOT TAKEN IN COMPUTATION. AND IN F.Y. 2001 - 02 INTEREST IS CALCULATED FOR THE WHOLE YEAR AND GOES ON FOR OTHER F.YEARS.

[ Q.1 WHY FOR THAT RAMAINING PERIOD ( FROM 13/12/2000 TO 31/3/2001 ) INTEREST IS NOT CALCULATED AT TIME OF COMPUTATION ? ]

[ Q.2 THERE IS ANY RULE THAT FOR CALCULATION OF INTEREST AT THE TIME OF PUR. YEAR INT. IS NOT TAKEN INTO CONSIDERATION ? ]

[ Q.3 INT. IS CALCULATED ON CUMULATIVE BASES ? ]

Hi,

One of our clients, 'A' provides infrastructure to another company 'B' and B deducts TDS u/s 194I and pays infrastructure charges to A.

But A also pays various other charges, like Security, housekeeping, professional charges to third parties and raises a debit note on B towards its share of expenses.

Is TDS applicable on above. If yes, at what rate?

Would there be any difference if there is a contract to this effect?

Please tell me the Income Tax rate for PY ended on 31.03.06 for Individual along with surcharge & cess applicable