Can a loss under the head IFOS othr then casulincome,owning and maintaining horserace be setoff against income from SALARY?,

if yes afterward if any bal is still their as loss can it be C/f? for how many years?

In case of retirement of one of the partner,Whether depreciation loss can be carried forwarded

A (DEDUCTOR) is an individual.
A pays professional fees to a Firm / Pvt. Company(DEDUCTEES), for which TDS shall apply.
A makes payment through TDS Challan No.281 under CODE NO.0020 - COMPANY DEDUCTEES.

Deductor A deducts TDS on Deductee B's professional fees and uses the above mentioned challan under the code no.0020.

Is it right that B should be called as COMPANY DEDUCTEE ?

Please confirm the understanding.

A (DEDUCTOR) is an individual.
A pays rent to B (DEDUCTEE), an individual for which TDS shall apply.
A makes payment through TDS Challan No.281 under CODE NO.0021 - NON-COMPANY DEDUCTEES.

Deductor A deducts TDS on Deductee B's rent and uses the above mentioned challan under the code no.0021.

Is it right that B should be called as NON-COMPANY DEDUCTEE ?

Please confirm the understanding.

QUESTION



SECTION 41 ( 3 )

SALE OF SCIENTIFIC RESEARCH ASSET





X Ltd. purchases a scientific research asset on March 1, 2005 for Rs. 610000. If the research activity for which the machine is bought into business on November, 2006 ( market value = Rs. 230000 ) ; depreciation admissible @ 15%, what will be the amount of depreciation for the A/Y 2008-09 & amount chargeable to tax u/h PGBP if the asset is sold on April 6, 2007 for Rs. 190000 ?

after filing of itr-4 i have sent the hard copy of acknowldgement to banglore but till now i didnt receive any reply from them.How should i confirm that it has been received by them

U/s 194 as per new amendmends TDS would not be applicable on transporters defined in section 44AE. Does it mean TDS would be deductable on transporters who have more than 10 vehicles.

Also please provide the form and detail we have to furnish to department regarding non deduction of TDS on transporter who provide PAN.

Is there any format in which transporter has to submit his PAN

Regards

Yogesh gupta

IF COMPANY INCURRED rS.60000/- FOR PURCHASE OF 24 CHAIR .THIS EXPS SHOULD BE CAPITALISED & ORGINAL BILL IS REQUIRED OR ONLY RECEIPTS WILL BE ENOUGH FOR CAPITALISATION THE EXPS.

Dear Sir

We are a public limited company. While processing of e-TDS Return for Q2 for the F.Y2 2009-10 Form26Q for TDS Non Salary we find that bank had made a mistake while entering the challan they had entered the amount as Non Company deduction instead of Company deduction. We had informed the bank for rectification in their system but the bank expressed their inability though admitted the mistake.
In the present system of validation of challan under OLTAS the same is displaying as "amount unmatched". In this scenario kindly advise us what will be our course of action so that the fvu file can be uploaded by the TIN FC.

Yours truly
Alok Mukherjee
Asst Manager-Finance & Acct

Whether penalty proceedings u/s 271D is leviable on the loan for violatin of section 269SS where the same loan is treated as his income and added back u/s 68.