I invest in Infrastructure bond under sec 80 CCF. I want to know whether principal amt. received after minimum lockin period or on maturity will be taxable or not.I understood the provisions related to max. deduction of Rs. 20,000 on investment and interest amt. being taxable under Income from other sources but what about taxability of the principal amount received as said above.

Please guide me as to calculation of interest on late remittance of TDS. Scenario 1: TDS u/s94H (Rs. 120000) deducted between 22nd November - 30th november 2011 but remitted on 16th decemeber then interest will be Rs 1200/- right?
Scenario 2: TDS u/s94H (Rs 120000) deducted on 3rd november 2011 but remitted on 16th december then interest will be Rs 1200 or Rs 2400?

Dear All,
I am a practising CA and i used to pay my
clients' income tax or excise etc through my firm current account online. is this way of payment is ok and whether there ll be any future problem may arise regarding using personal accunt to pay clients tax dues??????
valued knowledge will be apperciated.
thanks

What documents are required by an A.O. as regards to HRA exemption while considering relief u/s 89(1) for salary received in arrears by a govt. employee for previous years 1999-2000 to 2008-2009?

In case of non-consideration by the employer, can a govt. employee claim relief in r/o salary arrears for the period from 24/09/1999 to 21/02/2009 received in the F/Y: 2011-12, from the Assessing officer for the aforesaid period if the said employee didn't file any ITR due nil tax liability during those years though his total income was > Maximum amount not chargeable to tax. Further, are supporting documents required as regards to HRA exemption and savings?

sir i have ticked the wrong option in tds challan i.e. TDS / TCS Regular Assessment (Raised by I.T. Dept)(400) instead of TDS / TCS Payable by Taxpayer (200) will it make any difference if so what should i do

by mistake i have ticked the option
TDS / TCS Regular Assessment (Raised by I.T. Dept)(400) instead of TDS / TCS Payable by Taxpayer (200) in tds challan, will it make any difference

1.
Can a CA Student do Intraday trading through Demat accounts ?
Or permission of the institute is required in case he is presently doing the articleship ?
2.
And further if an individual is having so many intraday transactions dutring the financial year and have no other income have to file ITR 4 or ITR 1. Further, whether any permission is required to do intraday trading from Stock exchange to do as regular business ?

One of our client has been alloted two permanenet account numbers, one under old series and another under new series.Tax is deducted on both cards. Now i have to surrender one PAN card as its illegal to have two cards. So can i get benifit of tax deducted on both these PANs? Is there any procedure for merging these two PANs, so that tax credit on surrendering PAN be transferred to continuing PAN? Please reply earliest.

Is TDS deductible on Interest on amount kept in Savings Bank A/c