One of the capital gain forgot to be considered under return for A.Y.05-06(filled before due date u/s 139(1)
) now revised return is not possible u/s 139(5) now what to do please give advice , further Assessment 143(3)is in process due date of competion is being 31st december 2007 .Asessing officer has no notice of that .



Is interest u/s 234A is chargable suppose if revised retrun can be filed ?

One of the capital gain forgot to be considered under return for A.Y.05-06(filled before due date u/s 139(1)
) now revised return is not possible u/s 139(5) now what to do please give advice , further Assessment 143(3)is in process due date of competion is being 31st december 2007 .Asessing officer has no notice of that .



Is interest u/s 234A is chargable suppose if revised retrun can be filed ?

My client has indian & foreign income .he wants to repatriate total income from usa.
He has to pay 6% as federal income tax,5% as income tax,5% as medicare tax and 5% as other tax
His foreign income is $240000 .Please tell me what is the procedure to bring the money to india .
His residential status is NRI.

In income tax any ammendment was there, for Hyd is Metro for calculation HRA.

we take 40% instead of 50%

regarding that some confusion is there,

plz clarify me, for a.y.2008-09 any amendment is threre for HRa calculation
40% instead of 50%

plz sir.

from A.Y. 2005-06 onwards TDS on interest, commission or brokerage if not deducted before due date i.e. 7th April. the full expenditure will be disallowed.
What was the provision previous to that & where can i find out?

One of my client is doing carriage contract of a Department. As per Contract orders, he is responsible (including insurance) for proper transhipment of goods from one station to another. Rate is fixed case to case, some time on weight basis and some time on numbers basis.
Now, in order to execute the contract he enters in to contract with truck owners and use such trucks in carrying goods (Trucks are used only for carriage of goods from and up to the destination as per contract with truck owners). Loading unloading charges are always paid by my assessee.
My question is if my assessee is liable for TDS, under which section he should deduct the same:-
194C (i)
194C(ii)
194I
Decision of Bombay high court in relation to ship may kindly be considered before giving the reply.

Where can i get ITR 7 (return of income for trusts) in excel format.

Dear Sir,

You know that the banks are demanding the returns for last three years at the time of applying for loan.

If the applicant doesn't have any taxable income, can he file the return in such case to fulfill this requirenment?

PLZ RESOLVE MY DOUBT

CAN A SALARIED EMPLOYEE GIVE RENT TO HIS RELATIVES WITH WHOM BLOOD RELATION IS THERE
IT MEANS CAN A SALARIED EMPLOYEE CAN CLAIN DEDUCTION FOR HRA IF HE IS SHOWING RENT PAYMENT TO HIS PARENTS

PLZ SOLVE

THANKS

Dear All,

If any person file individual return form-2(e-return) for the asst. year 2007-08 on 31-07-07 but he have not digital signature and he paid all income tax liability on 20-07-2007.But he submit form V(acknowledgement) with I Tax dept.on 24/10/2007 than Income Tax dept.,would be treat with assesse.

harish