Sir,

Working in a private concern and its started operation from January'08.
My query is for FY 2007-08 we need to file the return or we can file with FY 208-09 return. Please let me now the last date of filing return for FY2008-08.

Thanks & Regards
Ravikumar A.H.

last year the firm did business, that time they claimed depreciation for factory, but this year stoped their manufacturing business and letout the factory premises now this people can claim depreciation for that fatory premises

whether brokerage on sale of capital asset can be paid through cash?whether it can exceed 20000/- ?

Hello Friends,

Please let me know what will be the status for the following transaction under Income Tax Act?

There are two properties "A" & "B" inherited by the two brothers from their father.

Brother 1 gets Property "A" & Brother 2 gets Property "B". Apart from this, Brother 1 also pays Rs 10,00,000/- to Brother 2.

My Query is What is the nature of the amount paid by way of family settlement and its tax consequences?

Respected Sir
I want Tds rate chart u/s 194 I.e salary and other than salary tds rate for the F.y 2008-09

Just week ago I observed that my this year (2007-2008) Form 16 was having wrong PAN (single character mispelled ‘P’ to ‘N’ ), however I got correct Form 16 from employer and filed tax return.

But on checking my previous year (2006-2007) tax return ack/ Form 16, it was also having wrong PAN ). My employer has deducted all tax (TDS) against that wrong PAN. Can TDS be revised against correct PAN ?

Can I file revised tax return for year 2006-2007 now. do i have to pay any penlity also?

Pls advise....

thanks in advance,

PLEASE MAIL MY QUERY AS EARLY AS POSSIBLE

Hi,

Kindly suggest me can an assessee avail the tax waiver in tds on rents.if yes
which form to fill for TDS waiver in case of rent?
Plzzzzzzzzzzz anyone help me on this issue.

Thanks in advance.

regards
deepika

We deduct TDS on freight against Transporter at reduced rate as per TDS certificate issued by income tax department With the certificate a schedule is enclosed stating expected sum to be paid/credited by the parties to the transporter during the current previous year and each of three immediately succeeding year on the basis of which transporter has been given reduced rate benifit by income tax department.

My query:

Amount disclosed in the certificate for each party by the transporter to income tax department is the limit of freight upto which TDS to be deducted at lower rate? & after that limit TDS to be deducted at normal rate?


Pl. give your opinion ASAP with any reference if any.

what is the trestment of lease rent paid to employees for the property of the employee taken on lease by the employer and given on lease to the same employee. whether lease rent is chargeable under income from house property or under salary. whether valuation of perquisite is required for the same. what is the treatment of lease rent if property is jointy owned by employee and his/her spouse and what is the treatment if property is owned by independently by spouse or parents.

author : pradhuman
Posted On : 8/21/2008 8:16:02 PM
sir i am a p.c.c student.i convert from pe-2 to p.c.c. i joined articleship on 09 feb,2008 and my b.com final exams was on march 2008. now my b.com final completed. is there any necessity to submit form 112

Expert : pushpendra
Posted On : 8/21/2008 10:05:33 PM
I think no need

answer is yes

but there will be just the signature of the principal and not of head of other institution.

experts plz don't misguide students; if u r not sure abt the answers plz don't give just for earnings points.