Dear Experts,

As in LLP concept a Partnership firm may be converted in LLP.
Whether a chartered accountant firm (CA) may be converted in LLP?

as it can conduct company audit only because of it's unlimited liability.

Rgds/-
Anil Jain

Tax on Total Income Rs.377,513/-
Less: TDS deducted Rs.366,078/-
Less: Advance Tax Rs. NIL
Balance Payable Rs. 11,435/-

Interest u/s 234 B Rs. 456/-
Interest u/s 234 C
1- 103
2- 206
3- 114 Rs.423/-

Total interest Rs. 879


As per sec 234B interest is payable if advance tax paid is less than 90% therefore, here Advance Tax Paid is Zero.

Further, 234C is for shortfall of advance tax installment.

Pls tell whether the above calculations are correct and if not please provide the same urgently,

Thanks & Regards

Sushil

My income is taxable under the head Income from House Property and Income from other sources and it is below Rs. 15,000. Now i had building and I am not claiming Depre. on it because if I will cliam it my capital will be reduced because of loss. Should I claim it or continue to do this?

A person using a PAN number for following purpose
1. He is working a Company (tax deducted by employer -TDS on Salary)
2. He is providing Sub contract services to other company (TDS on Sub contract)

My question is person doing the above practice may be correct (for using same PAN) or not?

Is TDS to be deducted on payment to
Tour operator ( composit charges
includes Air fare and Hotel stay
charges etc.)?

If yes, under which Section.

till date 31/03/2007 my company has specified name and from 01/04/2007 it merge with its another group co. .. now we are receiving many tds certificates for Accounting year 2007-08 in our old name .. can we get claim or what should be solutiono...all customer has already informed about change but still few are making mistakes..

Hi,

our is partnership firm and we are paying rent of Rs. 200000 to individual
please tell me how much % we need to deduct tax
thanq

Regards,
praveen

Will there be any problem if there are clerical errors for example wrong cheque no and wrong month in TDS certificate issued to landlord in respect of TDS deducted on rent.

Infosys today declared its Q1 results.

It says its EPS is 100(approx) Ex- Tax reversal.

Please let me know what is Tax reversal.

Note that infosys' profits for the period Q1 is more than its guidance.

Will 234B be applicable if a assessee has shortfall in TDS deducted by more than Rs.5000. and he has not paid advance tax.
i.e TDS receivable 7000 and Tax of the assessee come to Rs 15000. will the TDS certificate amt be considered as advance tax u/s 234B.