A new company formed Jan.08,No TDS deduted 24Q & 26Q,is there any complsion for filling return Q4 AY 2008-2009?

Dear friends,

As per the Finance Bill, an amendment is proposed to change the due date of filing income tax returns of companies and tax audit assessees from Oct. 31 to Sept. 30.

In view of above amendment, my query is whether in the case of a company, can we conduct AGM on Sept. 30 or we need to prepone the same?

Whether date of AGM has any impact on the filing of Income tax Return?

What I feel is that we can file income tax return at any time upto due date irrespective of the date of AGM. AGM may be conducted before filing of ITR or thereafter, it does not matter.

Am I right or not? Please give your views.

Thanks.

How to take the benefit in case of Hosing loan ?
1. when we are paying yearly Instalment of Rs. 2,40,000/- ( is it whole exempted under sec 80C )
2. The interest is rs. 125000/- yearly. Is it exempted as a whole amount ?

How to take the expemption ? pl explain ...

will i get a deduction for applying in reliance power ipo under sec80c chapter viA

My Client got share warrants on 01.01.2007



He converted the warrants into equity shares on 01.07.2007



He later sold the converted shares on 31.03.2008



Query:

1) Whether conversion of share warrants into equity shares is a transfer and attract capital gain tax on the date of conversion?



2) If not, what is the period of holding for equity shares sold on 31.03.2008?

Mr. A follows cash basis of accouting.
He issued 2 cheques on 31.03.2008. One is cleared on 02.04.2008 and another on 26.04.2008...(after 26 days from year end).

Whether these cheques issued can be treated as expenses?
Is it necessary that payment should be reflected in bank statements to claim it as expense in case of cash basis?

I wish to invest in LIC Fortune Plus Unit Linked Endowment Plan. Can I claim the premium paid as deduction u/s 80C.

Is there any restriction from tax point of view on I opting out of the scheme any time after three years

suppose employee joined on 1 dec.his LTA for financial yr 2007-08 is Rs. 40000.Employee gave the bills of Rs. 19634 for March.hia share of LTA with present employer being Rs. 13444 was given to him and the same was considered exempt from tax.Now. for financial year 2008-09, again his LTA is Rs. 40000.What is the tax liability if the employee has not claimed any exemption in block 2006-09 except in march 08 as given above?

Dear Members

Please clarify.i have got a number of answers for this question which is different in all cases.Please clarify whether to be deducted or not with proper supporting like circular or case law!!!

can anyone tell me what is fbt