suppose an MR. A has commission income in P.Y 2005-2006 and his TDS has not been deducted by ABC LTD ,then resultantly commission expense will be disallowed to ABC LTD for the P.Y 2005-2006 And same will be allowed in the previous year when he deduct TDS and deposit it into the credit of central govt.(SUPPOSE ABC LTD DEDUCTED TDS IN PY 2008-2009)
Now my question is that can MR.A claim TDS in the subsequent previous year(i.e P.Y 2008-2009) he got TDS certificate from ABC LTD.(Mr. A had already filed his return u/s 139(1) FOR P.Y 2005-2006 AND FOR YEAR 2006-2007 AND P.Y 2007-2008)
PLEASE NOTE THAT REVISION U/S 139(5) IS TIME BARRED NOW.

can anybody answer
if some contract work is given to professionals or technical person then tds under which section to be deducted is it 194j or 194c

TO
mr ramesh ahuja
Iam apreciating your answer but still i want to ask:
wheather it is not necessary that tds return should be issued at pan card address irrespective of bill address.
suppose on bill correspondence address is written and pan card has been obtained in corporate address.
then what will be the cikrcumstances

My Client sold a shop building in the year 2001 which was earlier used for business & dep. was claimed accordingly. The gain of Rs 50000 from sale of shop was adjusted against the cost of rs 3 Lacs paid for new commercial property purchased in the same year. The new property has never been used in business & no depreciation has been charged till date. Now the new asset has been sold on 30.06.2008 & a surplus of Rs. 5 lacs has been generated. Plz tell me whether the same is Short Term or Long Term ?

Can refund of TDS be claimed? The excess amount has arisen because the assessee didnt have the minimum no. of PANs for e- filing , which was compulsory. The company deducted TDS on all payments made in the nature of contract, whether TDS is attracted or not. Now the excess payment is to be claimed as refund. And the TDS deducted will be paid to the respective deductees, who dont attract TDS. What should be done for the paymentas made through challans?

WHAT DOES WINDFALL PROFIT TAX ACTUALY MEAN??????


HAS IT BEEN IMPOSED ON ANY CO/SECTOR IN INDIA????

how to fill up ITR 2 .Please replies urgently

My client business of Garment Store in J.H.V.Mall Varanasi (U.P.) Client paid maintanance charge 20/- per S.F.Mall extra T.D.S.charge 2.06% kya maintance per T.D.S.LAGEGA

2- Kya Service tax bhi lagega

How to calcuclate deffered tax, why we should pass provision for deffered tax assest or liabilty in our balance sheet.

Dear Sir,
A company was incorporated in 2006, but business has started i.e first Sales made by the Company is in june 2008.Now the company has not prepared any P & l account for the last two years and have filed NIL IT Return and have debited the expense to pre-operative exp account. Now the Company prepares the P & L anccount and debit all expenses of the last two years including the current year exp. in the P & l Account.Is the treatment correct as the Company wants to rectify the entries which it has wrongly debited to Pre-operative exp Account.
a) Will the expenses which were debited to Pre-operative exp account be allowable as per IT act, as they relate to period other than the current financial year ?
b) As per It Act will the expenses be allowed if the operation of the Company has only started in June 2008.