Poonawalla fincorps
Poonawalla fincorps


Sumeet
26 March 2008 at 22:15

TDS deductions on Foreign Payments...

dear sir,

is TDS deducted on foreign payments?

sumeet


girish
26 March 2008 at 22:09

Headache created by Professional !

Mr.A rendering professional service. He does not want to show income in his books received from particular client and he requested the client not to deduct tax at source.!

No doubt clients expenditure will be disallowed for non deduction. but Mr.A is a monopolistic service provider. The client does not have any other option before Mr.A

What the client has to do in these circumstances ?


MAN MOHAN MODI
26 March 2008 at 21:40

tds on interest

if the sperson is senior citizen and no other income other than interest of rs 55000/- then whether bank is required to get the tds dedicted or bank accept the form 15h?


rohit
26 March 2008 at 21:09

incidence & levy of tax

we are share broking firm NSE/BSE registered. we are selling fixed assets to a company registered in kolkata which is also engaged in share broking and provision of other financial services, at book value. we are not vat /cst registered entity. this is not our nature of business. should we charge vat or cst.


girish
26 March 2008 at 20:45

Provision Vs Prior period expenses

1. Is there any disallowance of expenses if provision is not made ?

2. Is it complusory to create provision ?

3. Can provision be created for purchases ?

4. why prior period expenses are disallowed ?

5. what if I paid the expense of march in april ?



SAM KOSHY
26 March 2008 at 19:42

Loan for purchase of land


Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.

About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.

The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.

But I can not submit any proof of income to the bank for the payment of EMI.

The bank will provide the loan or not ?

which bank providing / not providing the above facility.

S.K.




J R PATEL
26 March 2008 at 19:41

Tax Liability for A.Y.2008-09

1.Company Incurred Loss During the year 0.50 Lac
2. Brought Forward Loss Rs.15.00 Lacs
3. Depreciation Not Charged by the company
4. Company sales its factory premises of Rs.48.00 Lacs there is no assets block after sale proceeds
5. Regular files in time return
6. Cost price of factory premises Rs.25.00 Lacs
7. Book Value of Factory Premises Rs.12.00 lacs

can capital gain set off against B.F Business Loss

and how can be minimize the tax liability?



SONUJRT

How a person could get certified copy of ITR-6 filled electronically using Degital Certificate.


himanshu
26 March 2008 at 18:59

difference

Could any body clarify on the difference between an AOP,BOI & a Firm?


Lagvish Malhotra
26 March 2008 at 18:54

HRA Exemption

I have taken house on rent for my family and me in delhi and my workplace is in ludhiana. can i calim HRA exemption for rent rect. of delhi. or both please clarify