Income Tax queries [13928]

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Rahul Kumar Agarwal

14 September 2007 at 13:01

FBT ON EXP OF GUEST HOUSE

PLS TELL ME, WHETHER EXPENDITURE ON GUEST HOUSE RELATED TO FOOD & BEVERAGES WILL ATTRACT FBT OR NOT

REGARDS

harshit

14 September 2007 at 10:59

tds on vat bill

bill received from party as contracts on that bill vat imposed 4 %, and that same bill tds will be deducted or not?

harshit

14 September 2007 at 10:58

tds on vat bill

bill received from party as contracts on that bill vat imposed 4 %, and that same bill tds will be deducted or not?

S.RAVICHANDRAN

14 September 2007 at 09:48

40 A(3) Disallowance of cash expenditure for a single bill paid on different occasions

Thank you Mr.Gul for your producing the Supreme Court decision regarding 40A(3). But my query was not covered in that judgment of Sundaram Industries v.CIT. My question is to produce me the judgment in which the cash payment made on different occasions for a single bill was disallowed even though those payments were made below Rs.20000/. Please help me.

E.KAMAKSHI

14 September 2007 at 00:30

last date of filing Income Tax return of Individuals in case of refunds

I would like to know whether the last date of filing Income Tax return of Individuals in case of refunds has been extended to 31st March, 2009? Because I have heard that this has been announced recently. Is it true?

S.RAVICHANDRAN

13 September 2007 at 19:34

40 A(3) clarification - regarding

Can anyone send me the judgment CIT v. Sundaram Industries Ltd regarding 40 A(3) disallowance for cash payments for a single bill paid on different occasions ?

sudhir chaudhary

13 September 2007 at 19:05

INTEREST PAID BY HUF TO COPARCNERS

A HUF RUNNING A BUSINESS,HAS ACCEPTED LOAN FROM ITS MEMBERS AND PROVIDING INTEREST ALSO, WHETHER THE INTT PAID IS ALLOWABLE. REF.245ITR2 CITVGOPAL BANMSILAL INANI(SC)

Md Ghouse

13 September 2007 at 16:48

Sec. 40A(3) of Income tax Act

Hi Guys,

This is Mohammed Ghouse, I am in CA Finals. I need a clarification on the following:

Whether Restriction stated in S. 40A(3)of IT Act is applicable on bill/invoice wise or payment wise. Supposing an expenditure of Rs. 1 lacs (covered by single bill) is paid off as Rs. 20000 each on different occasion supported by diffrent cash voucher, whether still the above said section is attracted.

Good Luck & warm reg.

Ghouse