One of my friend is insurance agent co whose agency has deduct tds from the commission but while filing return for 2007 2008 and 2008 2009 assesment year wrong pan card no was mention in return by his C A while pan card no mention in tds certificate is right he came to know about this in july while filing his current year return ,his C A has asked him to write letter abt the same but he had got no reply from his c a now what to do he wil not be able to get tds amount refund for the both year now what to do further pls advise to get the refund ( it is too late to file the revise return)

Dear Expertji

A domestic company wants to remit USD against TESTING CHARGES to a company registered in US and doing operations in China. The receiver company do not have any connection or permanent establishment in India. My question is whether TDS is applicable, if yes at what rate.

SIR,
I HAVE CLAIMED DEPRICIATION ON AIRCONDITIONER,FAX MACHINE, REFRIGERATOR,TELEPHONE & WATER COOLER @ 15% BUT THE ASSESSING OFFICER HAS ALLOWED ONLY 10% DEPRICIATION ON ABOVE SAID ASSESTS. I WANT TO KNOW THE CORRECT RATE OF DEPRICIATION ON ABOVE SAID ASSESTS AS PER INCOME TAX ACT .
GIRISH KUMAR

suppose and individual purchase a under construciton property and paid stamp duty for its registration can he claim the same as deduction u/s 80c even the property is not errected till the end of the finacial year.

CAN A PARTNER INTRODUCE HIS CASH-IN-HAND AS CAPITAL IN THE FIRM? IS THERE ANY LIMIT OF CASH INTRODUCTION IN A DAY?

Dear Sir,
1) We have Reimbursed Rs. 40,000 in cash towards Out of Pocket Exp. is it allowable as per IT prov. or disallowed u/s 40A(3)

2) Paid Rs. 80,000/- towards Stamp duty ( franking ) to bank , allowable......?

Thanks:


Rahul

Dear Experts,

I have not yet got the E-receipt inspite of sending the ITR-V to Bangalore 3 to 4 times. Now 120 days limit is also finished. I have also sent through registered with AD but the post returned. I took the returned post to the IT department but the ITO refused to receive the same Return.

Also i have tried to upload it again but asking for Revised Return. So can i file a revise return without getting the EReceipt for the original. What are the consequences? What step should i take?

Is there any specification regarding rate of interest for payment to depositors or relatives? and if yes then is it necessary that rate of interest for family members an other depositors should be same?

Hi Frnds,

I had just created a huf account i want to know can huf trade in futures& options segment and commodity segment,if yes then if there is profit ,what is tax implications of the same ,whether it is short term capital gain or income from business pls help me

reg

Rahul

Can we claim deduction u/s 80C of tution fee paid out of the education loan ??

Other Info:
1. Repayment of education have not started yet.
2. Amount of fees is directly paid by bank to the college.
3. Interest payment will be started after the completion of course.