I have done auditing of a private firm I have prepared the audit report before 30th sept but failed to file the return on time, please let me know the max penalty in case of late filing of Income Tax return for audit case.

Thanks

The car is registered in the name of the director. However the car is being used by the Company and the purchase of car is also financed by the company.

Now during the sale of car, the capital gain will be taxed in whose hands?
a. Company or
b. Director

Kindly provide some supportings (For E.G. Case laws or sections)

Dear Sir,

(1) From which date (FY) this Direct Tax Code is going to be applicable ?

(2) Pl. give me details :how capital gain on investment in equities , is treated ? For short-term & long-term, how much is the period of holding ?

thanks
anckoora

I want to know the basic understanding of this section.Thank you

Hello Experts,

Please tell me what is the last date of filing Income Tax return for the F.Y. 2010-11.

If somebody haven't submitted Income Tax return for the F.Y. 2009-2010. Now, how can he/she can submitted the Income Tax return for refund & what is the lat date of submission of IT return


Thanxs.

Hi,

Although I have a house of my own, i stay in a rented house for proximity to my office.

My owned house is let out. In such case, can i claim both HRA as well as the loan interest and premium paid? If yes, to what extent ( i mean exemption cap) and if no, whats the way out to minimize my tax burden as i am paying a lot of money towards interest.

Thanks for your time.

AOP comes under non-company category

A.O.P. COMES UNDER COMPANIES OR NON COMPANIES FOR DEPOSIT OF T.D.S. CHALLAN .

it act say that salary is taxable when recieced and due which is earlier but in case of arrear salary why we forget this rule and it is panel for asseseee wether yes or not and also in fevour of 89 relief plz explain arrear salary also rahul burad

i received notice u/s 142(1)(ii)

plz tell notice u/s 142(1)(i)
u/s 142(1)(ii)
U/s 142(1)(iii)
for what purpose

and what means office bearear