My comopany has not deposit advancetax on fbt paid quarterly
now i want to know about how the interest will be calculated From 01.04.2006 to tilldate that is 27.10.2007 If the tax on frinfe benefit is Rs 40509

Nirma aged 27 years having employed in mnc from may 2006 getting a salary 25000 pm, she pays her house rent of rs 5000/-. She paid annully 12300/- as a lic premium of her own, lic of her dependent father 5000/- and her dependent mother 4500/-.. she invest 12000/- in tax saving bond annully.She also had a fixed deposit of rs 10000/-annuly started fronm nov 07 The detaisl of her salary as given below
BASIC 7,500.00
HOUSE RENT ALLOWANCE 4,500.00
CONVEYANCE ALLOWANCE 800.00
LTA 1,000.00
MEDICAL REIMBURSEMENT 1,500.00
SPECIAL ALLOWANCE 7,140.00
TOTAL 22,440.00
PROVIDENT FUND (-)900.00
GRATUITY (-)360.00
TOTAL 1,260.00
FOOD COUPONS (-)1,100.00
MEDICAL INSURANCE (-)200.00
TOTAL 25,000.00

Her father recently admitted in hospital in which she received as medicliam of rs 150000/- whole amount received by the hospital for the surgery of her father. The company also pay 3500/- as post 60 days expense ad per the company norms and policy.
Please calculate the tax payable for the ay 2008-09 and please advice her for what are the others ways to save her tax.

SHALL WE REMIT ANY KIND OF TAX, IN A CHALAN WITH XEROX COPY? IF NOT SO, WHY? SOME BANKER REFUSES TO RECEIVE THE X-COPY OF CHALANS...

If a person remit cash of Rs.50,100.00 to an account of another person, will he mention his PAN to the Bank?

If an account holder remit cash of Rs.50,100 to his own account, will he mention his PAN to the Bank?

If the Banker failed to receive the respective PAN, what will be the remedy for the Banker? Will he be exonorated from any thing may happen?

Pls explain?

1. TDS certificates are issued on monthly basis will Acknowledgement Number for the first qtr. shall always be blank ?

2.In case a person whose tax has been deducted in qtr.3 and no tax was deducted in any other qtr. for that Financial year than whether the acknowledgement number for first two qtrs. should appear in TDS certificate issued to such vendor.

I want to ask if an employee claimed deduction for HRA (House Rent Allowance), can he claimed deduction U/s. 80C for repayment of housing loan too ( for a owned house)

Whether TDS shall be deducted on Purchase and Installation of software or only on the installation expenses charged by the Software company?
Detail: Fact:1..SAP package purchased
2:Software co. officials giving training.
3:Software co responsible for installation.

In case of Co-operative bank, amount debited to P& L account for amortisation of Investment held by bank..
is it allowed?
if such amortisation is on account of mark to market adjustment then the allowability of such expenses?
give some case law if available...

hi friends....
i would like to know which form is used for filing return of a charitable trust.... what if the charitable trust is unregistered.

For individual can we create Provision for tax ?
if no please mention the section which deals with provision.