Thank you Mr.Gul for your producing the Supreme Court decision regarding 40A(3). But my query was not covered in that judgment of Sundaram Industries v.CIT. My question is to produce me the judgment in which the cash payment made on different occasions for a single bill was disallowed even though those payments were made below Rs.20000/. Please help me.

I would like to know whether the last date of filing Income Tax return of Individuals in case of refunds has been extended to 31st March, 2009? Because I have heard that this has been announced recently. Is it true?

Can anyone send me the judgment CIT v. Sundaram Industries Ltd regarding 40 A(3) disallowance for cash payments for a single bill paid on different occasions ?

Hi Guys,

This is Mohammed Ghouse, I am in CA Finals. I need a clarification on the following:

Whether Restriction stated in S. 40A(3)of IT Act is applicable on bill/invoice wise or payment wise. Supposing an expenditure of Rs. 1 lacs (covered by single bill) is paid off as Rs. 20000 each on different occasion supported by diffrent cash voucher, whether still the above said section is attracted.

Good Luck & warm reg.

Ghouse

Dear Sir / Madam,

Ouer Query is Company Return ITR-6 Schedule : HP (Income from House Property) In case of Income only but No Loss the amount displays Schedule CFL (Details of Losses to be carried forward to future Years) in the column : House property loss, Row : xi & xii. Pls. clarify.

Details of rent amount
Rent Rs.1170
Less : Tax Rs. 822
-------
Rs. 348
Less : 30% Rs. 104
-------
Income Rs.244
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Two private limited companies intending to be amalgamated w.e.f. 01-04-2007 (x and Y). i.e. y shall be amalgamated into x and now x shall continue for life. They are supposed to file their papers before High Court next week. Now, Advance tax needs to be paid in which company now,i.e. x shall pay for x and y or x and y shall pay independently

Hi,

My client is an Individual having only Income from Salary and Interest from Banks. My client wishes to purchase vacant land wroth of Rs. 25, 00,000/-from Non Resident Indian who is well settled in USA

Now my question is TDS provisions are attract to my client. He has to deduct TDS @ 20% U/s 195 on sale consideration.

Kindly clarify

Regards
K.K.VISWESWARA RAO

What is the remedy if the tax is paid by quoting wrong PAN

if an individual deputed to usa for employment
on 29th sep 07,and as his salary will be taxed their;will he be taxed in india too,when he transfers that amount from usa.And what will be the tax treatment of the exchange difference earned??

Demurrage charges paid to port authorty whether it is allowed under income tax act or not.

please provide backup for your opinion.