Sir,
Is Exemption u/s 10(10C) is allowable on enhanced VRS compensation receivable due to wage revision. In the case of some employees 5 lakh exemption has not fully granted at the time voluntary retirement being VRS compensation less than 5 lkah. Now we are going to Pay enhanced VRS compensation due wage revision. So can we grant exemption for the balance amount for computing TDS. eg. at the time of Voluntaty retirement 4 lakh exmption has granted. Now we are paying 3 lakhs arrear due to wage revision . Can we grant exemption of ONE lakh (5-4) under sec.10(10C ) for computing TDS to be made. Its very important because if the TDS is lesser then we cannot recover the balance tds amount. I require an expert opinion on this.

I AM NOT ABLE TO UPLOAD RETRURN FOR THE A-Y 09-10 I.E FOR PY 08-09.

IS IT NOT PERMISSIBLE TO FILE E-FILE FOR THE SAME???

IS THERE ANY RULE THAT IF THE E-FILE OF AY 10-11 IS DONE THROUG E-FILE THEN NOW YOU CAN'T DO E-FILE FOR AY09-10?

REPLY URGENTLY

what r the duties of a company seceretary with respect to filing of a tds return plz. elaborate in detail...thank u in advance

I am filing the ITR4 of my client (Individual) upon whom provision of section 44AD apply.

His Gross receipts are 780000 and Net Profit as per Profit & Loss a/c comes 480000 but as per section 44AD, 8% of 780000 is 62400 only.

Pls guide whether in the Capital A/c profit of 480000 will include or 62400.
Also guide should we prepare the P&L a/c or not

NRI HAVE A FD OF RS.10 LACS IN INDIA

MY QUERY IS >

A. WILL THE INTEREST INCOME IS EXEMPTED UNDER 10(4) ??

B. IF INTEREST ON FD IS TRANFER TO RESIDENT ? WHAT IS THE TAX TREATMENT ?WILL THERE BE CLUBBING ?


PLEASE ANSWER POINT WISE

form for claiming deduction u/s 80IE

While reading bare act of income tax which goes as follows:-

"In the case of income in respect of which provision is not made under this chapter for deducting income tax at the time of payment, and in any case where income tax has not been deducted in accordance with the provisions of this chapter, income tax shall be payable by *ASSESSEE* direct."

>>>>>> My question to Experts::--

Sir,
Who is the ASSESSEE in above case....???
**Is it Payee (Assessee) or,
**Is it Payer (Assessee in default)...???


>>>>>> In my view there are two cases:-
1. Where TDS is not to be deducted on income, and
2. Where TDS is to be deducted but actually not deducted OR if deducted then not paid to the pocket of govt.

Now I say in first case the ASSESSEE is the normal assessee i.e the Payee who is going to get the income in his hands,

While in the second case its the ASSESSEE IN DEFAULT i.e the Payer who paid the income to another one.

AM I RIGHT OR WRONG...???
PLEASE DO THE WORK OF HEAD-ACHE MEDICINE. :)

I NEED TO SEE THE FIRST NAME AND MIDDLE NAME AND LAST NAME FROM THE PAN CARD.
IT IS REQUIRED TO MAKE LOGIN FOR E-FILING. SO PLEASE PROVIDE ME DETAILS. AND PLEASE GIVE ME REPL OTHER THEN INCOMETAXINDIA.GOV.IN

IS THERE ANY WAY TO GET ALL THE DETAILS FROM PAN NO.

hi
Should we set off the loss brought forward of trust excluding the basic exemption limit or should we set off the entire profit against brought forward loss.
Eg:Profit Rs. 400000
BF losses 900000
So should we set off only Rs.240000/- after leaving the basic exemption of 160000/-.

2.For how many years can we carry forward the losses.

I want to confirm one doubt.

As far as i have interpreted the act, i under stand that - "If cash exp. Incurred in excess of Rs. 20,000/- and it is capitalized then also disallowable under section 40 A (3). In the same way, if amount is liable to TDS u/s. 193, 194A, 194C, 194H, 194I and 194J and tax is not deducted at source and that amount is capitalized, then depreciation is also not deductible on proportionate basis."

Kindly express your views with relevant provisions of these sections.