DEAR SIR

I HAVE ONE QUERY

I ALREADY E-FILED RETURN OF ONE PROPRITERSHIP, BUT NOT SUBMIT PHYSICAL COPY OF RECEIPT. AND I NOW WANT TO REVISED THE RETURN. FOR THAT IS IT NECCESSORY TO SUBMIT OLD E-FILLING RECEIPT OR I CAN E-FILED RETURN AGAIN WITHOUT SUBMITING PHYSICAL COPY OF RECEIPT?
PLZ REPLY URGENTLY

Respected All,

Expenditure paid for "Vastu Pooja" amt.to Rs.150000/-, Is it eligible for FBT? & what is the percentage in which clause?
Awaiting your valuable guidence.

Whether intrest charged On Unsecured Loan
is loan accepted during the year

as loan taken during year 500000
intrest charged 36000

is loan taken 500000

or

536000

in colum of 269SS in Tax Audit.

HELLO EXPERTS,
I AM JASIM HASSAN DOING ARTICLESHIP.MY PCC EXAM IS ON MAY 2009


FOR INCOME TAX PAPER HOW I WILL PREPARE.I HAVE DOUBT REGARDING HOW TO DEAL WITH THEORY QUESTIONS.

Is Interest charged on Loan during the year

added Or not

in Loan Taken /paid during the year Colum

Plese Clarify

An individual has the following income structure for A.y 2007-08.
PGBP - Rs.100,000/-
B/fd Business loss of A.Y 2006-07 - Rs.200,000/-
He doesnt file Return of income for A.Y 2007-08.

For A.Y 2008-09 he has PGBP of Rs.250000/- and he files Return before the due date.
Issue:-
1) will the loss of A.Y 2006-07 be allowed to be b/fd?
2) How much will be allowed to be set off in A.Y 2008-09 :- the whole loss OR Rs.100000/- (i.e loss after setting off the income of A.Y 2007-08)? (if possible pls provide justifications for the answers)

Thanks.

Hi all,


Pls. explain the concept of SEc.145 for including excise & taxes in P & L account and how it will not effect our profits with detailed example and if it is included in p&L than it will not shown in b/s as payables

Thanks & Regards

Hi all,


Pls. explain the concept of SEc.145 for including excise & taxes in P & L account and how it will not effect our profits with detailed example and if it is included in p&L than it will not shown in b/s as payables

Thanks & Regards

Hi,

What is the Tax effect of Profit on sale of Investments under the head Profits or Gains from Business or Profession ?

Regards,

Jeemon.

Clause 21(b) of 3cd states liabilites of sum referred in section 43B not paid on or before the date of filling return is disallowed. However, if service tax payment is outstanding on 31.3.08 and not paid before 30.9.08 due to non-receipt of payment. Is this also diallowed u/s 43B. However, as per service tax act, service tax payment liability arise only when entity receives payment actually.