In clause 27 (a) whether the assessee has complied with the provisions of chapter XVII – B regarding deduction or tax at source and regarding the payment thereof to the credit of the central Government [Yes / No]

(b) if the provisions of Chapter XVII – B have not been complied with, please give the following details, namely

Iv) Tax Deducted But Not Paid To The Credit Of The Central Government

in above clause if tax not deposited till 30/4 have to be reported & if such tax is paid till 30/9 then also need to be reported???????????

a/d to me it should be like if tds not deposited on 30/4 then we should report here b/c [clause 27--chapter XVII specified] even if same is deposited till 30/9 [30/9 is for disallowance of 40(a)(ia)

Mr A , NRI sold a property in India & wishes to save capital gain tax arising on the sale. Is section 54 applicable to NRIs. Is the deposit scheme applicable ??
Also can he purchase property outside India & still claim exemption.

In case he has to repatriate funds back to his country .. What are the ptovisions for the same. Any RBI permission reqd..? What is the total amount allowed to be repatriated?

Fashion Show fee and stall setup charges/ member ship charges paid to FDCI (Fashion Design Council of India) for this we need to deduct the Tax ( TDS )
For above circumstance please suggest me where it comes under contract or Professional technical charges

what is the treatment of deferred tax assets already appearing in the balance sheet?also whether section 145a impacts the above and in what manner?

Hello Sir

Is Provisions of 15CA and 15CB is applicable in case of payment of rent for Property situated in India to an NRI?

If Yes Further
Rent paid to NRI is credited to their account with indian bank and not remitted in Foreign? it makes any difference

Further the NRI is not having PAN Card, so can we issue 15CB Certificate to them without PAN Card?

I Have also heard that Provisions of 15CA and 15 CB is not applicable in case of payment of rent. is it correct?

Please Help me out to solve the above situation.

Waiting for your early reply.

i want entry for provision for income tax & deffered tax till assessment year with some example. in a simple language. i am so much confused. pls tell me from starting means advance tax.

In case of making Provision for Taxation whether Interest for delayed payment of Income Tax to be charged to Provision for Taxation or any Other Head????

when i prepared balancesheet of pvt ltd company then i prepared deprication chart according to income tax act and according to company act and company sold a individual asset (not in block)and according to incometax act when i shown it in depriciation chart its selling value is more that its w.d.v but according to company act there is no profit no loss then whether should i ignore this asset according to incometax depriciation chart

Dear Expert

I have been contracted with advertisement company since one year and given them PDC's then i have not deducted the TDS. how can i treat for this.HOw much TDS should i calculate and were it is effect in bank account, P&L account and Balance sheet.

Thx & Rgs

The Assets under TUFS- Technology Upgradation Funds Scheme of Ministry of Textiles are eligible for deprecation at 50%.(section 32)

TUFS is extended upto 31.03.2012.
But the Income Tax Act says the asset put to use before 01.04.2004 are eligible for depreciation @ 50 (Section 32)

What is the implication of extension of TUFS ??
Is it the asset should be put to use on or before 01.04.2004 and such asset would be eligible for depreciation @ 50% till 31.03.2012
or the asset can be purchased and put to use on or before 31.03.12???