notice no.94 u/s 272A(2)(k)/274read with sec. 200(3 for late filing of tds what is the sufficient reason for saving from penalty

WHAT WILL BE POSITION IF PAYMENTS ARE MADE BY CREDIT CARD - (GIVEN TO AUTHORISED SIGNATORY , SENIOR OFFICORS FOR OFFICIAL EXPENSES)

IF PAYMENT IS MADE ON THE SPOT AND BILLS ARE RECEIVED LATER.
WILL IT MAKE DIFFERENCE ON TYPE OF EXPENSE INCURRED
FOR BOARDING & LODGING
OR FOR SUBSCRIPTION
OR VEHICLE HIRE CHARGES , OR ETC

KINDLY CLARIFIY

Sir
Kindly advise that:
1. I had deposited a TDS of Rs 4000/- in Q1. The Salary of the employee is Rs.62000/- in that Quarter. But I had shown Rs.50000/-. I had not deducted T.D.S for the m/o April 11 on the amount of Rs.12000/- and not shown in the return. Is it right or wrong.
2. Now in the return of Q4, what should I fill the Gross Salary in Annexure II. The Gross Salary is Rs.287000/- for the asstt year 2012-13. Is it can be 287000/- or 275000/- so that there should be no problem in getting Form 16.
Kindly reply soon.
Regards
Sanjay

HELLO SIR/MEM
I M TAKING A LOAN OF 8 LAKH FROM LIC HOUSING FINANCE AND GOING TO A BUY A PLOT IN MY CITY ON MY MOTHERS NAME.IS THIS LOAN WILL HELP ME IN INCOME TAX SAVING. IF NOT THEN WHAT I CAN DO FOR INCOME TAX SAVING.PLEASE ANSWER ME OUT SOON SIR .

What is the treatment of prior eriod depreciation in the books of accounts??.. Do we get deduction of prior period dereciation??

I have query on tution fees.

A person is getting tution fees paid reimbursed from the employer

in that case can he claim deduction under section 80 C after reimbusrment of the same.

please quote relevant case law/section.

what is the procedure correction of income tax challan through assessing officer. to whom we should apply for correction. I have to make correction in Assessment Year and 7days time window has also been lapsed.


kindly help me.......

HI,
I received CPC arrear demand notice to pay for the AY 2008-09.
Now when i fill the form 280, under "TYPE OF PAYMENT" what should I select?
1. Self Assessment Tax
2. Tax on Regular Assessment
3. Surtax.

Also, under details of payment, there are many columns.
I just got to pay Rs. 8939 or so. So can I key in the amount under "Income Tax"?

Pls advise.

Dear expert,
In case of a government deductor, payment made to a contractor Rs. 200000/- on 15-03-2012 and TDS @ 2% Rs. 4000/- was deposited at bank on 18-03-2012 by cheque. Whether the interest will attract and what will be rate of interest.
Please advise.

HELLO FRIENDS
THERE IS A JV FORMED WITH TWO PARTNERS, BOTH PARTNERS ARE PRIVATE LIMITED CONCERNS. IN JV, JV HAS HIRED A FOREIGN TECHNICAL COMPANY.ONE OF THE PARTNER COMPANY HAS MADE PAYMENT TO FOREIGN COMPANY ON BEHALF OF JV.PARTNER COMPANY HAS DEDUCT TDS ON THIS PAYMENT. I HAD A QUERY THAT IS THIS PAYMENT IS ALLOWED AS EXPENDITURE IN JV OR NOT?