plz give me complete information about house / property/ commercial property tax in punjab
I have received a email from IT Department of 3 tax payers. It has a zip attachement that is password protected. I am not able to open the file. When i try to unzip it , it says that operation breaked and the unkown format of zip
When Iam processing the TDS returns getting the below error.
ERROR : T-FV-1000 Invalid File Header Record Length
Thanks in advance for the help
FACTS:
A Firm of Chartered Accountants is maintaining its accounts on cash basis and filed its Return of Income for the financial year 2008-09 with in the prescribed time on 30.6.2009.
During the current financial year 2009-10, the said Firm received an audit fees on completion of the audit of a company for the financial year 2008-09 after deduction of TDS on 20.8.2009 and passed the following entry in its books of accounts:
Dr. Bank A/ 18000
Dr. TDS A/ 2000
Cr Prof. Fees 20000
As the accounts are being maintained on cash basis, it has shown Rs. 20000/- as income for the financial year 2009-10. So far as TDS of Rs. 2000/- is concerned, it will be claimed as deduction from tax payable or will be claimed as refund as the case may be when the said Firm will file its Return of Income for the financial year 2009-10. This is the practice which is being followed by the CA Firm for the last so many years.
QUESTION:
1 Whether the TDS of Rs. 2000/- should have been claimed in the Return of Income for the financial year 2008-09 ? And if not, whether a revised Return is to be filed ?
2 Whether the said TDS of Rs. 2000/- can be claimed in the financial year 2009-10 in which the fees has actually been received by the Firm after filing the previous years Return.
3 If the said TDS is to be claimed in the Return of the previous financial year 2008-09 (Asst. Yr. 2009-10), then what will be the entry in the books of CA Firm as on 31.3.2009 ?
4 Whether it would be correct to account for part income (TDS Rs.2000/-) in previous accounting year and part (Balance Fees Rs.18000/-) in the next financial year ?
5 What is the general practice adopted by CA Firms in this regard ?
I have studied the definition of GDR from module but could not understand it nicely.
Please explain its meaning nicely.
Our Company has declared dividend for the financial year 2008-09 in its AGM in September 2009, Now at the time of paying dividend tax what should be entered in the column in A.Y in Challan of Dividend Tax (Either 2009-10 or 2010-11) and why?
Please reply
I am non farmer having business of cultivation and distillation of Aromatic and medicinal plants. from which i have agriculture incom which is taxable or free?
Thanks
Ritesh
1. If the property is in the name of the parents and the loan has been taken by their son, then is the deduction of Interest on the loan available for the son under the head house property.
2. If the Intt. deduction is not available to the son then can the parents claim it. But, they have not taken the loan, their son has.
Please answer this query ASAP.
DEAR SIRS,
I AM HAVING A BLACK BUSINESS OF MY MOTHER WHERE SHE DESIGNS CLOTHES FOR WHICH SHE MAY HAVE TO BUY ALL TYPE OF STONES, AND OTHER MATERIALS. SO IF I START ISSUING BILLS AND CREATE A FIRM ON MY NAME WHERE I CAN ISSUE BILLS AND SHOW IT AS MY BUSINESS INCOME. WHAT TYPES OF TAXES WOULD I NEED TO PAY MEANS DO I HAVE TO GET REGISTER FOR VAT/SERVICE TAX.... I DONT DEAL IN CLOTHES.... BUT JUST SHOW HOW TO DESIGN A DRESS. I DONT STITCH IT AT ALL. SO PLZ GUIDE ME THE ISSUE
house tax