Dear Members

Please guide me in the following matter

The books of account of assessee named ‘A’ (Individual) were under audit u/s 44AB in ASST YR 2006-07. He was also partner in a firm say ‘B’ and his account in the firm was overdrawn during ASST yr. 2007-08 and ‘A’ paid interest Rs. 1,30,000/- to the firm ‘B’.

So, my query is whether ‘A’ is liable to deduct Tax at source on the interest payment to the firm in which he is also a partner? And if ‘A’ has not deducted tax at source then the interest amount is liable to disallowance as expenses?

Please guide….

Is Stamp duty and registration charges on purchase of built house is eligible for deduction u/s 80C

could anybody tell me about deferred tax in detail i've no knowledge regarding deferred tax.plz help me out.

We already given an increment to the staff members & those amount is splitted to different component of salaries except lunch allowance of our organisation & we deducted pf & tds for the month of feb & deposited the same to the particular dept. now our staff asking for sodex ho meal pass to reduce the tds amount how it is possible to take back from their salary

HI DEAR FRIENDS!

FINANCE MANAGER OF ONE OF MY CLIENT'S GROUP COMPANY HAS COME TO ME TO DISCUSS THE FOLLOWING:-
HE IS A FINANCE MANAGER OF MID SIZED IT COMPANY. HE JOINED IT IN THE MONTH OF DEC 07.
HE HAS OBSERVED THAT SALARY STRUCTURE IS NOT PROPERLY DRAWN THERE. WHAT SHOULD BE THE IDEAL SALARY STRUCTURE FROM TAX PLANNING POINT OF VIEW?...THEY HAVE TWO CATEGORIES OF EMPLOYEES:-
1. JUNIOR CATEGORIES - SALARY BELOW RS 10000/-
2. SENIOR CATEGORIES - SALARY ABOVE RS. 10000 to RS. 60000.

PLEASE ANSWER THIS QUERY...DO YOU HAVE BEST TAX-SAVER SALARY STRUCTURE?

Dear All,

An Assessee has opened a PPF account in name of his daugher ( age 18 years). Whether he can claim deduction of PPF Deposit in name of daughter.
Please tell me asap.

Thanks & Regards

CA. B.K.BANSAL

Is motor car used for business & not as stock in trade & for hiring is chargable to wealth tax as per wealth tax act

Please its urgent reply me soon

Employee using Car for Travel to the workplace.Can employee claim exemeption u/s 10 (Petrol+Veh Maint) Rs 1200P.M(1600CC)Rs 1600(More Than 1600CC)+Driver Salary Rs 600 For the AY .2008-09 insted of General Transport allowance Rs 800PM

Dear Collouges,





Could you please, let me know on which basis we issue the C forms to vendor i.e. for how many C forms will issue for purchases for the month of Mar’06, Apr’06 and May’06.

Please clarify and if it possible code with Sections. It applicable financial year wise

Thanks & Regards:



CA RAMU

one of my employee has paid salary to her previous employer on account short notice period. The amount paid is significant. Her earlier employer has not mentioned that in her form 16
My query is :

Shall i considered that amount in his tax calculation?
If yes then under which section.