What is the last date for filing return for trust during A.Y 2007-2008?
From which amount a trust should be prepared to file return, audit report, at which rate?
If the trust does not have the income or income less than 1,00,000 is required to file return though PAN Card is obtained?

is trading in derivatives speculative or normal business income? can loss in derivatives be set off against normal business income

rahul

We have used Challan of FBT while making payment of Adv.Tax of Income Tax. It was wrongly prepared alongwith preparation of FBT Challan.What should be possible course of Action to reset correct status of Advance Tax since NSDL shows it a Fringe Benefit Tax considering BSR Code and Serial Number of Payment Challan.
Is there any remedy for rectification of this mistake ?

Mr X purchased and sold shares of companies in a year.

They fetch more profits for him.

What evidence can he produce to Tax Authorities for assessing his income with respect to such shares?

Mr X has a own house at Tirunelveli.

The rent from that house is Rs.1,500 pm.

Mr X is working in a public sector bank at Chennai and residing in a rented house and the rent is Rs. 6,500 pm.

He borrowed loan from his Bank for builing the house.

The deduction is Rs. 10,000 pa.

The interest on the borrowed capital is Rs. 1,500 pa.

Is he eligible to deduct the principal sum of Rs. 10,000 and interest Rs. 1,500 from his income?

How can he treat his rent received at Tirunelveli and rent paid at Chennai?

pls explain the incidence with respect to AY 2008-2009.....

Whether Foreign Salary Income earned by NRI required to be disclosed in AY 2007-08 Annual Return? If yes then which Return and under what section?

In FY 2006-07, 1st 3 months i.e. April to June 2006 earned Indian salary Income and balance 9 months out of india with Foreign company. Whether Salary Income earned outside India (balance 9 months) by NRI required to be disclosed in the Annual Return (AY 2007-08)

If yes then which form and which section?

A Society is worked as NGo but not Registered U\S 12A of Income tax Act . It receive State govt. Grants for Capital Asstets on condittions that thease Assets will taken back or transferred to similiar NGO if the Society not functioning in future. whether these Grants are Capital receipts or Reveue Receipts.

What should be possible course of Action to reset correct status of Advance Tax since NSDL shows it a Fringe Benefit Tax considering BSR Code and Serial Number of Payment Challan.

In which web site link we'll get depreciation rates as per income tax act.

I need the exact answer.
Don't refer one particular web site like incometaxindia.gov.in.

Give me clear reference of section/ schedule.

i know sec.no.32

But i dont know in which section/rule we'll get rates

Regards,

Mani

Company paid Dividend tax on behalf of the shareholders amounting Rs.7,700/-.After that company deposited the amount in its TAN no using challan no 281.now in which form, the company file its TDS return, is it form no 26..if yes. What about annex-1 in form 26.As the company does not deducted tax form the share holders, the company paid the dividend tax.now nsdl send one letter to submit tds return.but we dont have any tds as we dont deduct it.we just deposit the dividend tax using our tan no.pls guide me