Is Political Assesse need to submit return file u/s 139(1) even if he income is not under taxable slab limit?

Hi,
i just want to know the significance of column no 413 and 420 in form 26q in tds return.

Respected Sir,

I'm having one query regarding Income From Other Sources i request you to consider the following case:-
If 'A' receives sum of say Rs. 200,000 as a compensation on account of death of his father. His father died in an accident which proved by Court of Law as an intentional act. The person created crime agreed to sum of money as compensation as per court order. Then in this whether the sum received will chargeable to tax or is exempt u/s 56? If no, whether the answer will differ if it will be received as Pension? 'A' is not subject to income tax, whether he has to file a return?

what is the diff b/w RPF and EPF and i have doubut dat which interest rate is hiked,bcoz earlier interest on RPF credit balance excess of 9.5% will be treated as salary and taxable.


please go through for notification on the above query
http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=NOTF&schT=&csId=679ecf4a-4c15-4199-aed4-6102755ed0ba&NtN=&yr=ALL&sec=&sch=&title=Taxmann - Direct Tax Laws

A organization registered as a NGO in 1993 n got a PAN number 2 years ago but had not filed any return.
CAn some1 tell me what he should do now.n how NGO will be assessed in Income tax.
Will NGO will be assessed as a trust or what.

Please reply me soon i will be so obliged to you if u reply me.

Thanks

DEAR SIR
HOW CAN I CHECK MY E-DEPOSITED (E-PAID)ONLINE TDS STATUS BY INTERNET??
THANKS & REGARDS
AMIT SHARMA

Hi,
I want to know that is there any limit mentioned under the Income Tax Act for deducting TCS on sale of Scrap.

Suppose A firm sold a scrap of empty boxes which is used for packing to a waste purchaser(Kabadia).
Now i want to know whether there is any liability on the part of the company to deduct TCS out of Sale proceeds.The company/Firm which i am taking about manufacture cloth from yarn & there is no Excise Duty applicable on that Firm/Company.
Sale of Scrap is about 40000-50000 per year.

Kindly Help

Thanks
Vishal

AS THERE IS PARTENRESHIP FIRM ONLY HAVING SOURCE OF RENTAL INCOME THE PARTNESHIP IS BETWEEN DAD AND SON AND THERE IS COMMERCIAL PROPERTY CO-OWN BY DAD AND SON WITH REGISTARION AND PARNTESHIP DEED, THE RENT IS 12000/- PER MONTH WHICH IS DISTURBETED AMONG PARTNERS DAD AND SON 50% SHARE SO MY QUESTION IS THAT WE HAVE TO FILE THE ITR 5 RETURN IN THE NAME OF FIRM SHOWING RENTAL INCOME OR BUSSINESS INCOME SHOWING RENTAL INCOME FROM HOUSE PROPERTY IN PROFIT AND LOSS ACCOUNT AND CLAIMING EXPENSES AND ARRIVING AT NET PROFIT KNDLY EXPLAIN IN DETIAL AS FROM LAST THREE YEAR WE ARE FILING RETURN IN ITR 5 OF FIRM SHOWING RENTAL INCOME AS BUSINESS INCOME

Dear Experts

Last month we deducted and Paid TDS for Foreign consultant under sec 194j 20%(Without Pan) .Now our auditor has refused to provide certificate for remittance due to wrong selection of TDS i.e instead of 195 we deducted and paid in 194j.

Kindly suggest me.

Plz. answer the following :-

If a Machinery is purchased(1/7/09) for Rs.50,000/- ,used for sometime & transferred to someone without consideration(1/9/09) and the new Assessee is using the Asset and again the Machinery is taken back from him(1/12/09) and I again started using the Machine in the same financial yr.Then what is the consequence of chargeability of Depreciation- The whole portion is chargeable by myself or it should be proportionate basis ?Deprn. rate is 20% p.a.