Lakshmi
30 October 2007 at 22:57

Interest on Recognised Provident Fund

Interest on recognised provident fund was exempt earlier to the extent of 9.5%. It has now been changed to 8.5%. I would like to kmow this change would be applicable from which previous year/assessment year ?


DEEPAK GOYAL
30 October 2007 at 19:29

Deduction for HRA

Can I take HRA & Housing Loan Interest Exemption both.


chintan sodha
30 October 2007 at 19:26

ABOUT SEC 115 O

HELLOW SIR
I WANT TO KNOW ABOUT DIVIDEND DISTRIBUTION TAX OUR COMPANY HAS DECLARED DIVIDEND I WANT TO KNOW THAT FOR THE PURPOSE OF PAYAMENT OF DIVIDEND DISTRIUTION TAX WHAT TYPE OF CHALLAN REQUIRED FOR THE PAYAMENT OF DIVIDEND DISTRIUTION TAX.

FURTHER OUR COMPANY HAS TO APPLIED FOR INITIAL PUBLIC OFFER AS CORPORATE APPLIER AND I WANT TO KNOW THAT FOR THE SAME PURPOSE THE RESOLUTION REQUIRED I WANT TO KNOW ANY FORMAT FOR THE SAME.


surendranath

We are engaging experts for conducting Safety Audit and Training in Mumbai and outside Mumbai which is done in the factory premises. They are used for 3 to 4 days in a month and their payments are as under.

1. Honorarium per day basis -payment by
Account payee cheque.
2. Local conveyance from residence to airport and back Rs.700/ per trip by cash.

3. Daily allowance to meet the expenses on
food,snacks,tea etc Rs 300/per day by
cash.

The air ticket and stay arrangements are done by the company.

Since the item no. 2& 3 are actually incurred by the experts for performing their journey from residence to airport and for the expenditures on the way &stay period, kindly clarify whther TDs is applicable on the local conveyance and daily allowance.

surendranath







CA Robin Betala
30 October 2007 at 13:42

Sec 40A(3)

Suppose X is living in Mumbai and having a Bank Account in Dehli and Y deposit 25000/-
(in respect of any expenses) in his dehli a/c and through core banking X received the payment. Will Y will be disallowed for such payment Under Sec 40A(3) for paying in cash.


Anup Chauhan
30 October 2007 at 13:09

Employee's Contribution towards PF

Is there any recent Supreme Court judgement regarding payment of Employee's PF Contribution will be allowed if paid before filing of Income tax return but not paid by the due date?
if yes, what is the case and no.


harshit
30 October 2007 at 12:08

section 44ab

Individual having gross receipts Rs.17,49,000/- books not maintained what is the tax laibility U/s 44AB Plz sir


rashmi
30 October 2007 at 11:41

self assessment

dear friends,

please help me out to find the last date of depositing the income tax for sole proprietorship firm.
actually i have deposited but the challan of that is not with me.
it takes time.

is there any problem


CA. Kirti S. Ganatra
30 October 2007 at 09:44

Income Tax

I have a friend who is sub broker and dealing in shares too. He is earning commission income from a company due to dealing of his clients. He is also personally dealing in future market. From future market he earn loss, i think there is change that now if there is income from future or derrivative market from shares dealing then such income will be taxed as Business income. So,My question is will this loss from Derrivative can be adjusted against his commission Income.


amit

hi my self amit ,do u know which is deduction & rebate partnership firm pls suggest me.