What is the dollar exhange rate to be considered to make the TDS payment before actual remittance take place.

Some are of the view that it should be RBI RATE and other SBI RATE as of booking of liability.

For example month end date date for processing monthly salaries.

Kindly confirm what basis we should adopt to do TDS compliance.

Kindly clarify on the following:

A employee has deposited Rs. 100000 in Bank Term Deposit Scheme - Tax saver scheme (subject to CBDT Notifi. No. 203/2006 dt 28.07.2006)which is locked for 5 years on 20.09.2006. It gets matured on 20.09.2011.

For the asst. year 2010-11 while computing his tax can the above deposit be claimed as dedcution under sec. 80C
or
only tax saver deposits made in the current financial year 2009-2010 can only be claimed as deduction u/s S. 80C?

thanks & regards

Please tell me profession tax on salary slab.

DEAR
SIR/MADAM

I HAVE APPEARED FOR MY CWA GROUP4 AND WANT YOUR ADVICE THAT SHOULD I JOIN CS OR WHICH OTHER COURSE SHOULD I DO AS I WANT A JOB IN FINANCE MANAGMENT...
PLEAS GUIDE ME
THANKING YOU,

Hello everyone,

I wanted to know whether there is any CBDT circular which states that TDS rates for bills/vouchers pertaining to period before 1st October,2009 old rates will be applicable. Assuming transporter bills for the month of April 2009 are received in November 2009, then which rate will be applicable. New TDS rate or old rate for April 2009.

One person is getting interest income which is shown in other sources every year. He is an employee of public sector company. He died in Oct, and his income transfered to his wife's name. Now her wife received Form 16A for the year from the company in her name only.
So the querry is while filing return whether income is to be shown in the name of her wife or.. income should be bifurcated ,i.e., till Oct in name of that Person and after Oct in name of her wife??
Please help me out of this situation.

if a person has been filing returns since (any no of years)..and if he doesnt file his return in this year or coming year...becoz he has not taxable income..(income does not exceed the exemtion limit)...he is individual....then it is ok with the dept...can he continue return filing in next year ,if he has taxable income...generally c.a's dont tell this to clients and they r not aware of this fact..and next then what happened to his capital a/c and bal sheet for that year in which he is not filling the return ...how the below exempted incone can adjust in capital a/c bal sheet....

Kindly clarify i am earning monthly 150000/- salary from my salary deducting 30 % TDs. For consultant tax rate 10%
Which one better for me as being consultant or salary hoder for tax saving please clarify in details urgently

An assessee wants to Revalue its land & building ( Bldg constructed in Aug 2009,Cost Rs 1.5 crores, Market Value of Land & buildig arround 3 Crores)
Can the Assessee Revalue ?
What is the Accounting treatment ? How depreciation is to be charged ? and what is the Depreciation for Income Tax Purpose ?

To all CAs
Sirs,
Last 5/6 Years I doing Accounts Writing on Part Time or Contract basis.

Now i am planning to file Return. My query is What source of income I have to show?
for e.g. Consulting Charges or Professional fees.to avoid service tax problem.& which ITR should i File

Please give me Good Advice for future to do the work professional ways and setup my own office.
Thanking you in advance.
Vikas.