Dear sir,

A company deduct excess TDS amount from a employee salary. But before paid such amount in the Central Government A/c, the employee found that TDS has been deducted as excess and demand the company for refund and the company also refund the same. now my question is whether excess deducted payment can be refunded to employee? plz explain.

Please guide how the value of rent free accomodation provided to employee by the employer is to be made.

I came to know that the slab rates of 7.5%, 10% and 15% based of population of the city (upto 10lacs, 10-25 Lacs and above 25 Lacs) has been introduced by IT department with retrospective effect.

If it is so please provide me the copy of notification/ circular in this regard

Hi Sir/Madam,
If an existing residential House Prop is in the father's name but if his son wants to take a housing loan for reconstruction of H.P. Can he claim ded.. as regards to principal and Interest although if the prop is nt in his name.

Hi Sir/Madam,
i need clarity regarding the below aspects:

1)Set off and carry forward in case of loss from Discontinued business in -
a)Few yrs back
b)Current yr
2)Will the answer remain the same if the business was carried by their father and discon.... in his life time.

3)If bad debts are recovered pertaining to the dis... business can the same be used to set off and carryforward against other business Loss.

what are the grounds of diffrence between a person making investment as a shareholder or otherwise (as a businessman).
How can we prove that we are making investment in shares as a shareholder so that profit on sale of shares is chargeable @10% instead of slab rates.

Can anybody tell me that if no tds has been deducted for salary & other than salary, then is it required to file nil tds return.


Thanks

Pawan Narang

Dear sir,

In case of ITR 4 the income from 44AD civil construction, assessee does not come under 44AA ,whether we requied to provide gross receiipts/profit as income ( Schdule P&L Item No 51) of the during the period.
Please give me an expert opinion.

Aleel
Calicut

the cases pending before incometax settlement commisssion shall be complied with payment of tax and interest thereon in respect additional income disclosed in the application on or before 31.7.2007 to see the application is further proceded with and to avoid abatement. the reliable information is the pendency is too large that the pending application is unlikely to be settled by 31.03.2008,the deadline imposed in finance act 2007. the non completion shall again would result in abatement of the case as if no application is filed. is there any remedy to avoid such abatement after payment of taxes and interest by 31.7.07

OUR PROFESSIONAL BILL INCLUDE SERVICE TAX WHICH IS OUR LIABILITY ON WHICH AMOUNT TDS SHOULD BE DEDUCTED NET OR GROSS INCLUDING SERVICE TAX