WHAT ARE THE NEW T.D.S.RATES,SURCHARGE AND EDUCATION CESS APPLICABLE FOR THE F.Y.2007-08 U/S 194A AND 194C?

is tds deductible on pmt of upfront fee to a company abroad which is subsidary of indian company

I have a query whether one can claim deduction of the principal amount of housing loan repayment u/s 80C during the pre-construction period as there is no specific guidelines in relation to this unlike in the case of interest paid during the preconstruction period.

i want to know the applicability of tax rate to derivative & future & option along with if any caselaw,section refernces????

Please provide me the new form 16 , 16A and other ITR forms in excel format in my email manojbubna@sify.com

Thank you
Manoj Bubna

FROM WHERE WE CAN PURCHASE NHAI & REC BONDS FOR INVESTMENT IN 54 EC , PRESENTLY AVAILABLE OR NOT ?

query 1. A Chartered Accountant bills a client for Rs. 1 lakhplus servicve tax.Whether TDS is to be made on Rs. 1 lakh or including Service Tax

2. As per the IT Act if TDS is not made for certain payments the expenditure will be disallowed.My client has made TDS but there is a short deduction because surcharge was not included while calculating TDS.In this case whether the entire expense will be disallowed or only proportionate disallowance has to be done.Kindly clarify

Partners earning and withdrawing the goodwill on the sale of a stake in the Partnership Firm would attract Long Term Capital Gains Tax @ 20% with the Cost of Acquisition being Nil in case the Firm has been in existance for more than 3 years. Kindly confirm..

I want to know whether the Cost Inflation Index for 2007-08 has been announced?If it is not so when will it be announced?

A survey u/s 133A has been conducted at business place of an assessee. at the end of the survey assessee has surrendered Rs.20 lacs (16 in stock and 4 in cash)as income of the PREVIOUS YEAR 2005-06(i am repeating income of the P.Y.2005-06). I have filed return and claimed deduction u/s 80IB bcoz the surrendered income was earned from business sources. assessee is woman and has no other source of income.

she is filing return since last 5-6 years and getting deduction u/s 80IB.

MY MAIN QUE.IS CAN ASSESSEE CLAIM DEDUCTION U/S 80IB ON SURRENDERED INCOME DURING SURVEY. REMEMBER THAT U/S 80IB business income of ELIGIBLE BUSINESS CAN BE CLAIMED. SO CAN WE TREAT SURRENDERED INCOME AS BUSINESS INCOME. GIVE CASE LAW, IF ANY. ASSESSEE RESIDES IN M.P.STATE