are all members are eligible for becoming member of an hidu undevided family? what is procedure to get registered huf under income tax act?

whether Commission income received from LIC and other Insurance companies and finance companies is taxable as business income or income from other sources?

assuming that the person is earning commission on full time basis.

Can TDs on expense related to relevant financial year be deducted after the end of the relevant financial year?
OR
Expense disallowed in relevant financial year because of not deduction of TDS be claimed in subsequent financial year(after dectucting TDS on such expense)?
Take the example of salary and explain its treatment for employer as well for employee?

Assessee has filed his return for AY 2007-2008 u/s 139(1)of Income tax act under the head income from PGBP and the same income could also be treated as income under the head other sources.can the assesse change the head of income in subsequent years i.e instead of filing income income u/h PGBP can income be filed u/h other sources?
your assistance will be highly appreciated?

Is it possible to pay tax of partnership firm by anyone of its partner personal a/c if he have online a/c with bank.

e.g. if ABC Co. Ltd. is the partner in other firm in XYZ then if XYZ doesnt have any online payment a/c & ABC Co. Ltd. have its online payment a/c then if the liabilities of XYZ paid throgh ABC Co Ltd. is it ok?

Y Ltd recieved a TDS certificate in FY 2008-09 for its income accounted in FY 2006-07. Client of Y Ltd had not deducted TDS U/s 194J on payments made to Y Ltd in 2006-07; Client remitted TDS in 2008-09 and gave TDS certificate to Y Ltd.

Can Y Ltd claim credit for this TDS certificate while computing its tax laibility in FY 2008-09 ?

Hi,

we did not deduct any TDS for the financial year 2007-2008 on salaries.

can we deduct and pay TDS now?
if we pay now can we issue TDS certificates for employees for file the Returns
if we issue TDS certificate we have to mention today date as payment date, will there be anyproblem while filing the return for emplooyes?

please advise

regards,
praveen

Is there any rule or guidline which says that if actual cost of an asset is less than Rs 5000 than it shud be charged to P & L Account instead of capitalising it.

Pls keep in mind the guidlines of Shedule 14

Sir
My client bought a plot for Rs 175000 in 1982-83, he latter made a deal with a party for the sale of the said property for he which he received a sum of Rs.250000 as advance in 2001-02. But the sale couldn't be completed so my client forfeited the same and kept it with him. Now he sold the property for RS.45 lakhs in AY 2008-09. How can I adjust the advance amount with the purchase cost he has incurred an improvement cost of Rs.125000 in the year 1999-2000. How can I compute the CG in this case favoring my client

A person is receiving commission being
1. Small Saving Agent (NSC, KVP etc.)
2. Post Office RD Agent
3. PPF Agent

He does this all in part time.

He is a full time a salaried employee.

Above mentioned incomes to be taxed in which head:
1. Profits & Gains of Business or Profession
or
2. Income from other sources.