Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early

Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early

1. Could you kindly let me know the last Date for filing annual TDS Return (FY 2007 - 08)?

2. The process and place where this needs to be deposited in Delhi? My firm is Vasant Kunj based.

3. If in a Quarter there is no TDS deduction - is there a provision for a Nil Return?

hi,
my uncle sold a site in hyd on dec07 2 claim exemption what is d option & if with in d 6 months he has 2 purchase bonds then what should b consider i.e., whether from registration dt OR cheque receipt dt OR CHEQ encashed date.plz tell me .

What is the maximum amount of LTA company can pay to employee.(Income tax point of view what is a limit)

Whether sale of land is cosidering for preparing individual total income statement for the financial year 2007-08

Sale of land during fy 2007-08
old value - 2.5L
current - 10 L

Its long term capital gain.Should this sale value can invest in reconstruction of house? there is any tax exemption? kindly pls give any advice to the above problems.

The assessee has sold a motor car on 31.03.08. Can depreciation be claimed on the car sold. There are other assets in the block. Is it necessary to show the profit or loss on sale of motor car in P/L account because any way it will not be considered for tax purposes.

a proprietory firm is converted into a private limited company and all the assets were transferred to the company at the book value. will it be considered as transfer for the purpose of capital gains?

During the previous year relevant to assessment year 2008-09, the trust has surplus income after claiming all the amount spent on the objects of the trust and for the purpose of trust after availing the 15 % deduction.

But in the earlier years, the trust had over spent the amount than the income.This had resulted into a negative income. The returns were filed in time for all the earlier years but without claiming the carried forward over spent amount as carried loss to be adjusted aginst the future income.

Can Trust set off earlier years overspent amount as loss from the current year surplus?

Is there any case law to support this?

Thanks