Income Tax queries [13915]

All Resolved Open

arun shah

15 May 2007 at 02:57

TDS

what is the last date for issuing 16A in case the interest iscredited for the year on 31st march.I v read somewhere that in such cases its 7th june. is it right and what if 16A is issued after the required date

santosh s

14 May 2007 at 09:16

S.H.E.Cess@1%

New 1% Cess became effective for Income Tax from 1st Apr-07 before the Finance Bill 2007 getting assent of President.
However for Service Tax the same become effective after assent of President.
Why is So?

muralidharan menon

14 May 2007 at 05:00

Income Tax

For the purpose of calculating Book Profits u/s 115 JB will the amount transferred from the Securities Premium Account to the profit and loss account be added back to the Net Profit?

Regards

N.Muralidharan Menon

Madhav

14 May 2007 at 02:00

NRI Tax Provision

Hello sir

is the divindend received from mutual fund units is taxable in the hands of NRI,if yes,is it advisable to invest in the name of spouse of the NRI(by treating the amt. received from NRI as gift) or is there any better option available

Arun Somani

10 May 2007 at 23:57

Section 2(12A) of Income Tax Act

Whether it is necessery to keep hard copy of the books of account as per IT act. If yes then what is the objective to insert section 2(12A) in the act