Dear sir

Please help me our company does not deposit TDS monthly in bank than how can we calculate interest, what formula we use simple interst formula or compound interest formula? is this right if we deposit TDS quarterly in bank?

1)I have a following situation.
In X Pvt. Ltd. voting right pattern is as follows:
Mr A: 25%
Mr.B: 30%
Mr.C: 10%
MR.D: 35%
These three person are also member in another pvt ltd(Say Y Pvt.Ltd) in which shareholding pattern is as follows:

Mr A: 30%
Mr.B: 60%
Mr.C: 10%
X Pvt Ltd given loan/advances to Y Pvt Ltd Say Rs. 10 lakh. Then how it is to be/in which ration taxed as deemed dividend in each share holder hand?

2) X pvt Ltd has paid taxes of Y Pvt Ltd. Is it to be treated as deemed dividend?

ONE OF MY CLIENT HAS SOLD A FLAT FOR 30 LACS ON 16.08.2011. NOW MY QUERY IS THAT:-

WHETHER HE CAN INVEST IN TWO PROPERTIES I.E. PURCHASE OF TWO RESIDENTIAL HOUSES/FLATS OR ONE HOUSE AND ONE PLOT.
SECONDLY IF DO NOT INVEST THE SAME UPTO 31.03.2012. THEN WHAT IS THE DUE DATE OF DEPOSIT IN CAPITAL GAIN ACCOUNT.LAST DATE OF PURCHASING OF TWO HOUSES. OR ONE HOUSE & ONE FLAT.OR ONE HOUSE & ONE PLOT( VACANT). LAST DATE OF FILING OF ITR IS 31ST JULY FOR HIM AS NO AUDITED CASE.

I would like to know as to whether MAT provisions are applicable in case a company is having only rental income and long term capital gain on sale of property from which rental income was earned.

Please help me regarding this

I filed return in time (assessee- company)
for the A Y 2011-12 claiming refund

I want to file revised return regarding above
with tax liability (Self assessment tax not paid up to now)

Is 234 A applicable in this case

Thanks.....

How to apply for Duplicate PAN card, what documents required for the same,other than correction Form???

Earlier i have applied for PAN and received only PAN through information not PAN Card , now i want to apply for reprint but i am not confirmed about address mentioned earlier , whether now can i write any address,if same is required as address Proof???

how can i ensure the status of assessee other than the forth letter of the pan card
to have a legal proof ??

If investment made in units of ULIP of LIC has been withdrawn before the expiry of 5 years then what will be the tax treatment?

A person has made investment in ULIP in fy 2005-2006,2006-2007, 2007-2008 (of rs 25000*3= 75000/-)and withdrawn the same in 2009-2010 and got rs. 90000/-. Now please tell me the tax treatment in above case.

Thanks in advance

There have been few questions on this topic and few answers. I too got a e-Mail notice for whooping demand of 5,00,034(this means I had got atleast 3 times more money -- I wish I really got it) for Ay 2007-08.

I have not got any other notification. Now how do I get the actual calculation used. When we used to get mail from CPC they used to give a sheet detailing line by line their calculation side by side with ours (when we file).

Also one more question, what are the information AO uses to assess our income tax. He/She would have access to our returns and Form16 -- Anything else. This question to trace and figure out the source for me to collect the information