An assessee wants to fill ITR for the financial year 2006-07 having Gross total income Rs 110000/- also having investment rs 15000 towards LIC premium. Can we fill now? Please suggest in which case penalty can be imposed on assessee because he is having taxable income and due date of return filling was 31th july 2007 for the relevant assessment year

Dear Experts,

We have wrongly deposited in Wrong TAN for the month of April -07,

How can it be rectified.

OPS

Ours is a laision / Representation ofice of a foreign social service organisation. Our office is recognised as Coordination Office (Coof)

We have obtained permission from RBI U/s 29 of FERA in 1994 to open this office. Rules prevent us from doing any business activity and we cannot earn any income.

Our amin activity is to accept propols for grants and forward these proposals to our parent organisation for approval. parent organisation has a bank account in India and the amount approved is transferred to partner organisations for development activities.

To manage the expenses of Coof amount as and when required is transferred from parent organisations bank a/c to coof a/c and from withdrawals from coof india bank account all the expenses are met. Accounting year of Coof is from Jan to Dec (In line with parent organisation)

Now I want to ask following questions...
1. Income tax status of Coof Office
2. Is it mandatory to file IT return
3. We are monitoring the grants but what can be done for TDS from the payments made from parent organisation's bank a/c?
4. For coof we are deducting TDS from salary.
5. A general question : Is it compulsory for us to register laision office with FEMA (Now FERA is gone) or our registration has an automatic transfer from FERA to FEMA?

If somebody truly research this case and provide us a legal opinion in writting we are ready to pay the professional fees. If needed we can provide additional information.

Please advice.

Milind

dear sir/madam

A) may i receive the form 15H for Sub contract payments

B) we have been paid the

1.Crane Hire charges

2.generator hire charges

3. Trailer (heavy goods vehicle) Hire charges
4. Compressor hire charges

what is the TDS rate and covered under which catagiri (eighter machinery hire charges or Transport charge or otherwise)

with regards
Balu

Dear sir,
We have allotted the work of Tax audit and to sign report under Form 3CA & 3CD by bank
The bank official have requesed us to give Tax audit report up to 5.4.2008, while we have to mention details regarding T.D.S. and Form No. 15G/15H which could be deposited up to 7.4.2008
Whether after obtaining a certificate from branch manager, he is fulfilling all statutory liabilities timely we can sign Tax audit report .
What note we should give in the Colum No. 27(b) of the Form No. 3CD of the Tax audit report.

Can anyone confirm if it is mandatory to file Annual TDS Return if you are filing Quarterly TDS Return and if yes please explain the procedure for filing Annual TDS Return ( FORM 24 & 26 ).

Also tell me the due date for filing the Annual Return?

My friend has bought a truck's chasis for Rs.8,00,000/- under HirePurch agreement with Magam Leasing. He has paid following approximate amounts soon after purchase:-
Body of Truck 70,000/-
1st Insurance 18,000/-
Registration 15,000/-
1st Road Permits 15,000/-
Also the Financer had debited Rs.95,000/- towards the Hire charges.
Can all these expenses (Chasis, body, 1st insurance, 1st road permits, registration, Hire charges) be capitalised in the cost of truck.

Hi,
we are paying rent office - Rs.19000pm and maintenance charges Rs.5000pm.
We are paying seperate cheque for rent and maintenance charges.

i want to know whether TDS on Rent is applicable on Rs.19000 or Rs.24000 (19000+5000)

thanks

Do anybody have salary return file in Excel, if yes please upload the file on net.

my friend started new compnay, in that company paid Rs.300000 (p.a.) salary

Basic ?
hra ?
CCA ?
Conveyance?
spl allowance?
medical allowance ?

per month (send salary structure- best for employer & employee benefit.
In CTC how much percent (%) deducted on emplyee salary, and how much PT deducted
please suggest me urgent sir.