Rangarajan
This Query has 1 replies

This Query has 1 replies

Hi every one
I had billed my customer for Rs. 10. He pays me Rs. 8. I book Rs. 2 as TDS. Now at the end of the year he gives me a TDS certificate for Rs. 4. That is Rs. 2 is my original deduction, Rs. 2 is paid out of his hands to the government(not deducted from me). Do i account this Rs. 2 which has been not deducted from me by him? If yes How? Can i claim the full Rs. 4 as TDS at the time of filing returns?
Regards
Rangarajan.K


Pushkar
This Query has 1 replies

This Query has 1 replies

08 July 2008 at 22:42

Setoff of Loss

Whether loss in Derivatives trading can
be setoff against Other business Profit? Whether Profit/Loss in Derivative Trading will be treated as Speulative?


ayuta 2008
This Query has 1 replies

This Query has 1 replies

08 July 2008 at 21:28

tds rates for transport agencies

many transport co. are paying their tds as the rate of (0.14).so plz give me some information on it .


Rishi Vyas
This Query has 3 replies

This Query has 3 replies

08 July 2008 at 17:31

Fringe Benefit Tax

whether fringe benefit tax is payable on board meetings and annual general meeting and the expenses related to them.

For eg. rent of the hotel where agm or bm were held, refreshment, travelling fares provided to directors for attending the agm and bm etc.


Kamal Gupta
This Query has 3 replies

This Query has 3 replies

08 July 2008 at 17:05

Secion 143(3) of I.T. Act, 1961

Dear Sir,
Kindly know me Can A.O. Examin the assessee on oath under the proceedings of assessment u/s 143(3) of the Income Tax Act, 1961. Can he record the statements of the assessee on oath.

What happen if all the statements recorded are wrong because the person who has given the statements was not known to the procedure of the statements and all the statement given on the matter which was three years old. All the statements given in haste.

Kindly guide me. Kamal Gupta FCA 9413339032


Vijay
This Query has 2 replies

This Query has 2 replies

What will happen if Tax deduted on salary for Qaurter 2 to 4 n deposited after March of current year


Kamal Gupta
This Query has 4 replies

This Query has 4 replies

08 July 2008 at 16:36

Section 44 AF

Dear Sir,
Return has been filed u/s 44 AF of the Income Tax Act, for the F.Y. 2005-06 A.Y. 2006-07. This case is under process of assessment u/s 143(3) of the Income Tax Act. Now the A.O. has asked for the details of household expenses like vegetable, food, grains, cloths, school fee along with the supporting documents. Whereas section 44 AF clearly says that provision for maintenance of books of accounts is not applicable if the return is filed u/s 44 AF of the Income Tax Act. My question is can A.O. do so?

In this case A.O. has also asked for the list of debtors and creditors, bank confirmation as well as the capital verificaion. Kindly give your valuable guidence. Thanks in advance. Kamal Gupta FCA 9413339032


CA Vikas Agrawal
This Query has 4 replies

This Query has 4 replies

dear expert, pl. solve my query:-

we have deposited excess amount of TDS for the month of jun 08 by Rs. 40000, nd we have to submit the quaterly return.
my query is how this excess amount should be show/adjusted in return.
whether this excess amount of RS. 40000, should be adjusted.


sachin saxena
This Query has 5 replies

This Query has 5 replies

08 July 2008 at 15:10

tds on advance payment

we in the month of march we have paid amt which was tds deductable but we forgot on advance payment so what is disallowed coz we have not booked exp. only advance payment is given


CA Janani
This Query has 1 replies

This Query has 1 replies

08 July 2008 at 14:41

deduction under chapter VI A

can anyone help me in understanding the various deductions allowed under chapter VI A of the income tax act.....

I will be happy if anyone sends me various deductions allowed or pls tell me the site were i have to get it...






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