Hi,

I am getting a monthly reimbursements of Rs6500/- on account of car petrol and driver. Post budget and abolition of FTB - will this amount become taxable?

Thanks in advance.

hello frnds
pl solve the gn below query

Our client XYZ has received a notice u/s 142(1). There was no notice received by our client u/s 143. Is this valid under law? Is this valid under Income Tax Law..

Pl clarify the above query as early as possible
Thanks in anticipation

Regards
Sangita

I am a senior citizen(+60 yrs). After my retirement from a PSU, I have deposited some amount in a Public Sector Bank(BOB), which will fetch Rs 1,80,000/- interest per year and payment will be made quarterly.
1)As per the 2009-2010 budget, how much amount I have to pay as IT. I have no deposits under any IT debate category.
2)1st quarterly FD interest, in this financial year, is made on 29th June 2009 deducting about Rs.4000/- as TDS.
3)If the TDS amount is higher than my actual income tax for the whole year, how could I get back the amount in my S/B account, without any hassle, as due to my health problem, my movement is well restricted by Doctor.
Thanks.

In case of excess payment of T.D.S. Income tax says that " excess amount is first adjusted against the existing tax liability of the deductor under any Direct Tax Acts and after meeting such liability the balance amount, if any is refundable to the assessee."
My client has deposited excess T.D.S. under 94C and can i adjust now against 94C and 94J against my payables?
Will it be allowed? And above quoted income tax lines suggests the same? or else?

Hello frinds

Plze tell me can we claim FBT on Car reapirs & Maintenanace for f. y 2008-09

thanks in advance

Can any one tell me the due dates of VAT, CST and Entry Tax.

our unlisted closely held pvt. co. wants to issue sweat equity can any body told me the procedure for valuation of intellectual property and how the amount of discount calculated.

As there is an amendment in section 80E. Please clarify from which date it is applicable.
It is written in Finance Bill that " The proposed amendment will take effect from the 1st day of April, 2010 and will, accordingly, apply in relation to assessment year 2010-2011 and subsequent years."

plz tell me whether is amendment is applicable from 1st April 2009 or 1st April 2010?

sir may i know when our pcc results will b out which were held in june 2009

Hi,

I wanted to know the concept of deferred tax and how it is calculated.

what is the difference between depreciation as per companies act and depreciation as per Income tax ?

Should intangible assets be taken for calculating the total assets for deferred tax calculation?

Thanx for the help..