Hi Sir/Madam,
i need clarity regarding the below aspects:

1)Set off and carry forward in case of loss from Discontinued business in -
a)Few yrs back
b)Current yr
2)Will the answer remain the same if the business was carried by their father and discon.... in his life time.

3)If bad debts are recovered pertaining to the dis... business can the same be used to set off and carryforward against other business Loss.

what are the grounds of diffrence between a person making investment as a shareholder or otherwise (as a businessman).
How can we prove that we are making investment in shares as a shareholder so that profit on sale of shares is chargeable @10% instead of slab rates.

Can anybody tell me that if no tds has been deducted for salary & other than salary, then is it required to file nil tds return.


Thanks

Pawan Narang

Dear sir,

In case of ITR 4 the income from 44AD civil construction, assessee does not come under 44AA ,whether we requied to provide gross receiipts/profit as income ( Schdule P&L Item No 51) of the during the period.
Please give me an expert opinion.

Aleel
Calicut

the cases pending before incometax settlement commisssion shall be complied with payment of tax and interest thereon in respect additional income disclosed in the application on or before 31.7.2007 to see the application is further proceded with and to avoid abatement. the reliable information is the pendency is too large that the pending application is unlikely to be settled by 31.03.2008,the deadline imposed in finance act 2007. the non completion shall again would result in abatement of the case as if no application is filed. is there any remedy to avoid such abatement after payment of taxes and interest by 31.7.07

OUR PROFESSIONAL BILL INCLUDE SERVICE TAX WHICH IS OUR LIABILITY ON WHICH AMOUNT TDS SHOULD BE DEDUCTED NET OR GROSS INCLUDING SERVICE TAX

While registering at the IT Dept. site for efiling which DOB should be used for HUF assessee. DOB is compulsory for registering at IT Dept. site. In ITR-2 form, we need to put 31/03/2007 as DOB for HUF assessee.

IN ANDAMAN & NICOBAR THE GOVT OF INDIA HAS GIVEN A INTEREST WAIVER FOR LOANS/OD ABOVE RS. 2.00 LAKHS FOR THREE YEARS AND LOAN WRITEOFFS FOR LOANS BELOW 2.00 LAKHS.

PLEASE LET ME KNOW THE TAX TREATMENT TO BE GIVEN FOR THE INTEREST WAIVER AND WITEOFFS OF LOANS.

THE ABOVE BENEFIT IS GIVEN FOR TSUNAMI AFFECT TO ALL THE BUSINESS LOANS/ OD. 2/3RD OF THE BURDEN WILL BE BORNE BY GOI AND 1/3RD BY INDIAN BANKING ASSOCIATION.

sir/ma'm

i m facing a situation wherin the rawmaterial supplier pays the advance to jobworker & deduct tds as per sec194c & deposits the same in time.
subsequently due to certain reasons he gets back the raw material un processed also he get back the advance paid.
now what will bw the treatment of tds in books & in the tds return & tds certificate???
whether ts deducted can be reversed?