Can anybody tell me, whether Income Tax Office situated at Bandra-Kurla Complex, Mumbai demands Annexures & Attachments alongwith IT Return (A.Y. 2008-09)for a salaried Assessee ?

My friend had sold a old land long term asset and invested for the construction of house in kochi during the financial year 2007-08. Problems is whether that amount should be used for reconstruction/construction of house? how can it treat with preparing total income during the financial year 2007-08. It will be taxable during the year.The old value (93-94) around 1.8L and the current sale value Rs.10L. How can it treated in Total income statement 2007-08, how was the treatment or any exemption there ?what is your suggestion on this matter.

Pls urgent

In various TDS returns, we have to give details of the deductor of tax as well as the details of the person responsible for deducting the tax.

My question is, in case of a company which has deducted tax at source, what is to be stated in case of details of the person responsible for deducting the tax? The company itself? or an individual in the company? In case of individual, his personal address has to be given or his official address?

It is important to note that a company is also a person as per Income Tax Act.

Regards

Sanjay Govil

On a single invoice party charge cost of material and separately charges labour charges. suggest whether TDds to be deducted on whole invoice price or on cost of labour only

1.A (Indian Company) having 49% shareholding has entered into a JV with B (Foreign company) having 51% share holding for development of Infrastructure facility in India. Is 80IA applicable. other Conditions are fulfilled.

2.A (Indian Company) having 51% shareholding has entered into a JV with B (Foreign company) having 49% share holding for development of Infrastructure facility in India. Is 80IA applicable. other Conditions are fulfilled.

Sir,

Describe me list of income tax sections applicable to PCC exam.

UNDER WHICH HEAD DOES THE SERVICES OF SCIENTIST FOR TESTING SOLUTION FALLS THAT IS UNDER PROFESSION OR SERVICES

Dear all,

Whether E-filing of ITR 7 for trust is possible?
if it is possible whether it is mandatory or optional??


thanks

Dear All,

One of my client is having partnership firm in F.Y 2005-06 which is converted into proprietory concern in F.Y 2006-07. In F.Y 2005-06 Audit was done u/s 44AB and also TDS is deducted on unsecured loans.In F.Y 2006-07 there is no unsecured loan hence TDS is not deducted and also he is not eligible for Tax Audit during F.Y 2006-07 since his receipts are below 40 Lacs. Now in F.Y 2007-08 he is liable for Tax Audit. My question is that whether TDS provsions are applicable in F.Y 2007-08 as the business is in Proprietorship Name and in propreitorship name this is his first year of audit.

Last year one our client filed income tax return in bangalore.this year he shifted his residence to chennai so he want to file the return in chennai.and he didnt change the address in pan card.please any body tell me isit possible and any procedure is there?