Which is the last date of TDS Payment in case bill is ceredited as on 31.03.2008 and which is the due date of TDS-Retrun for Q-4

Loans and advances out standing by Rs. 75,000/= as on 31.03.2008 is recived in the current year by cash. Section 269SS & 269TT applicabel? Section 269SS & 269TT is also allpicable in case of balances out standing is less than Rs.20,000/= or If outstanding balance is more than Rs.20,000/= but during the year payment received Rs. 15,000/= only by cash, then section 269SS & 269TT is applicbale?

What is the Percentage of Depreciation to be calculated for Television and Stabilizer(for the assessment year 2006-07).Will Stabilizer comes under Electrical Fittings category.

If leasehold land amortised whether amortised amount is allowable expenditure under the I T Act,1961.

If leasehold land amortised whether amortised amount is allowable expenditure under the I T Act,1961.

The following example can illustrate the query
Eg: Leasehold amortisation amount o Rs.1000/-

Taxable Profit Rs.15000/-
less: aortisation 1000/-
Taxable profit Rs.14000/- after amortisation

A new company formed Jan.08,No TDS deduted 24Q & 26Q,is there any complsion for filling return Q4 AY 2008-2009?

Dear friends,

As per the Finance Bill, an amendment is proposed to change the due date of filing income tax returns of companies and tax audit assessees from Oct. 31 to Sept. 30.

In view of above amendment, my query is whether in the case of a company, can we conduct AGM on Sept. 30 or we need to prepone the same?

Whether date of AGM has any impact on the filing of Income tax Return?

What I feel is that we can file income tax return at any time upto due date irrespective of the date of AGM. AGM may be conducted before filing of ITR or thereafter, it does not matter.

Am I right or not? Please give your views.

Thanks.

How to take the benefit in case of Hosing loan ?
1. when we are paying yearly Instalment of Rs. 2,40,000/- ( is it whole exempted under sec 80C )
2. The interest is rs. 125000/- yearly. Is it exempted as a whole amount ?

How to take the expemption ? pl explain ...

will i get a deduction for applying in reliance power ipo under sec80c chapter viA

My Client got share warrants on 01.01.2007



He converted the warrants into equity shares on 01.07.2007



He later sold the converted shares on 31.03.2008



Query:

1) Whether conversion of share warrants into equity shares is a transfer and attract capital gain tax on the date of conversion?



2) If not, what is the period of holding for equity shares sold on 31.03.2008?