Kumar Agarwala
10 July 2007 at 10:07

NEW IT FORMS LAUNCHED

THE NEW ITR LANCHED BY IT DEPARTMENT, BUT THE NEW FORMS DOES NOT REQUIRE TO ATTACH ANY DOCUMENTS ALONG WITH THE RETURN EVEN BALANCE SHEET IS NOT REQUIRED TO BE FILED WITH THE RETURN AGAIN IN INCOME HEAD ALSO BREAK UP FROM DIFFERENT INCOME CATAEGORY IS NOT REQUIRED TO MENTION IF BALANCE SHEET IS NOT FILED THEN HOW THE CAPITAL WILL BE ASSESSED


Narendran
10 July 2007 at 05:49

TDS on Interest on Securities

Sir,
whether a firm can issue "deposits" ? If not, Whether it is possible to issue among the Partner's friends and relatives? if so, what is the TDS procedure? whether it come under 193 or 194A?


Sindhu
10 July 2007 at 04:48

EMPLOYMENT TAX

where do we show the employment tax in ITR ? meaning in the Schedule S of ITR 2 to be even more precise..


Narendran
10 July 2007 at 00:25

Double time TDS payment

Sir,
We have paid TDS amount on Interest otherthan interest on securities in the Central Govt. A/c as "Double Time" for a same party. How we can rectify the mistake? For what amount we should issue Form16A to the party? Whether we can adjust the same to other parties? Pls solve my problem.


Cavishalgupta
09 July 2007 at 22:33

Exemption of HRA

If in our Form 16, HRA exemption not consider but the HRA is part of our salary package. But we actually paid the rent. Can I myself consider the HRA exemption while calculating my tax liability or we need a revised Form16 from the employer to get the exemption.

1) Please note that we can not take the deduction u/s 80GG since HRA allowance is part of CTC.
2) also it is not practically possible to get revised form 16 because i had already left the same company after doing the 3 months work in the previous year.


vineet

what will be the tax implications in the following situation:-
a company named x has taken certain loans from a bank.the company was unable to repay the interest liability on the same.this interst was earlier disallowed under sec.43B .due to loss the co.decided to go for one time settlement.the bank has waived of the interest liability as a consequence of which the company has written back the interst liability.now during the year company has no other income.is the interest written back is taxable?


lohithakshan u k
09 July 2007 at 03:00

PAN NO. QUERY

WHY PAN NO. IS NOT ISSUED TO PROPRIETOR OF A FIRM IN HIS FIRM NAME.SUPPOSE TDS CERTIFICATE IS ISSUED IN THE NAME OF HIS FIRM HOW CAN HE CLAIM TDS IN THE ERA OF ONLINE SYSTEM., KINDLY CLARIFY


sunil
09 July 2007 at 02:28

tds Liability in case of commission

i am not able to understand that wheather tds is deductible if commission is paid to non-residen in foreign currency,if he is providing us the service as an agent of buyer??????


SHEEJITH
08 July 2007 at 22:47

SECTION 80C

Kindly let me know whether re investment of divident received from Mutual fund is eligible for deduction under section 80C


ANSHUL GOYAL
07 July 2007 at 08:15

Sale of Immovable Property by PIO

If any immovable property (situated in India) is sold by Person of Indian Origin (PIO)(not being a citizen of india) to a person reident in india, then what would be the treatment of repatriation of sale proceeds? The PIO has acquired the immovable property from his grand-parents by will/sucessions