Can a person who's been filing her ITR in Mumbai while doing an IT job there, file her return at her native place in case she's out of India at the time of filing of return.
It is imp as she's to get her refund processed for the last Pv Yr. While in earlier years, there's no refund due to her.

Please advise as to filing of Return at native place is feasible?
Thanks in advance

acompany has made payment of LIC,personal loan EMI of share holder(holding more than 10%).
company has adjust this amount against director remuneration/salary of the said share holder.

Q whether this sitution attract 2(22)(e)?

i have applied for pan cards before 1 years but my tax consultant attached some wrong proof with pan application which was identified by nsdl and found wrongly in case of above matter what type of action take by nsdl pls tell me and i want to know the solution of my problem pls tell me

Respected All,
A pvt ltd co. A is amalgamating with another pvt ltd co B. The effective date of amalgamation is 01.04.09.
The companies has applied for amalgamation in the High Court.
in the meanwhile, the companies file their separate Income tax returns for the year 2009-10.
The scheme of amalgamation is approved by the Court.
Now does the amalgamated company needs to file its revised Income tax return for the year 2009-10.

Regards

Mr X, an individual had received a gift of an immoveable property before 30.09.09.
Simple gift deed was executed on Rs10/- non-judicial stamp paper and notarised. Mr X has duly taken the possession of the property before 30.09.09 say on 31.08.09. Now Mr X wants to get the property duly registered in his name by payment of proper stamp duty thru registered deed before Registrar of Assurances. Considering the provisions of Sec 56, what will be the tax implication on Mr X?

what will be the depreciation amount as per incometax act for following example.

RATE OF DEP. 10%
same block
W.D.V as on 1/4/09 of asset "A" Rs.1,00,000
pur.of asset "B" on 1/6/09 Rs.1,00,000
pur.of asset "C" on 1/12/09 Rs. 25,000
pur.of asset "D" on 1/12/09 Rs. 25,000
pur.of asset "E" on 1/12/09 Rs. 25,000
pur.of asset "F" on 1/12/09 Rs. 25,000

SALE OF asset "E" on 1/03/2010 Rs. 25,000

Mr. A is Having TDS certificates of Rs. 50,000/- for the A.Y. 2007-08 but he has not filed his income tax return for that period.

Is it possible to file the return for that A.Y.?

He is realy to pay Penalty of Rs. 5000/- along with Interest, if any, as applicable..?

There are two person i.e. Mr. X and Mr. Y. both having only one Machine each as Fixed Assets. The value of Machine belonging to Mr. A on 1.4.09 was Rs. 100000/- & that of Mr. B was Rs. 70000/- at the same date. On 1.10.2009, they have decided to exchange their machine to each other.There is no other consideration.
Now,what will be appropriate accounting treatment for the above transaction in the books of Mr. A & Mr.B.????(Is their any "AS" prescribed for the same)
Further, is their any capital Gain/loss as per provisions of Section 50 of IT Act,1961 ???

in case there is no employee having taxable salary & company is not making any deduciton for TDS,is still filling of form 24Q mandatory?

Dear Professionals

Please help in solving the following query:

A Company has deposited TDS on Commission and filed return for the quarter ended 30th Sep., 2009 and 31st Dec., 2009.

Now it has come to the knowledge of the Company that it has deposited excess TDS during Sep’ Qtr and Short TDS during Dec’ Qtr. However TDS Certificates have been issued to thge parties of the amount actually deposited.

Please guide if it is possible to adjust the amount of excess TDS deposited during Sep Qtr with the Short payment of TDS in Dec Qtr.

What would be the procedure if it is possible to adjust. And if it is not possible what remedy is available with the Company.

Thanks & regards
CS. Deepika Bhardwaj