A person has unsecured loans in his Balance Sheet in the last year's Balance Sheet and few new loans have been taken in current year also. His case came into Scrutiny for the current year.
I want 2 ask does the Assessing Officer is correct in raising question over the unsecured loans of last years when the assessment for those years have already been done by department nd no query was raised at that time??
Further whether there can be initiation of a penalty u/s 271 (1)( c) even when he has given ample proof of genuineness of the loan amount?

hi.
I had worked for 4 years for company. Now i applied for withdrawal total amount of PF account. is there any TDS on that amount? what is rate of TDS? Since no taxble icome in current financial year, Can I exempted from TDS on that PF amount?
How can I claim to exemption from TDS? Please guide me.

Can any expert provide me Analysis of Taxation i.e. between Individual, Partnership firm, & company ?
Which one is more beneficial monetarily & otherwise.
Please provide some analysis !!!
Thanks. My ID- vipuls.gs@gmail.com

hello all

please help me in the matter.

licence fees can be revenue expenditure or capital expenditure. suppose i paying x amount to the other company for the the purpose of software licence / licence fees and the property of the licence will be of the supplier over and above we have to pay AMC/ Renewal fees every year whether the licence fees paid initially for the installation of license in our computer.
can it be treated as revenue expenditure or capital expenditure??????

Sir,

I have a PAN card which I tried to register in the portal but the Date of birth in PAN card is not accepted. Can I find online the Date of Birth in that PAN card.

we have to pay professional charges to dubai based consultant, the payment made in AED. The consultant provide his professional charges invoice to us.

my query is that, should we have to deduct TDS while making the payment. Or we have to pay full amount to conusltant.

regards
Amol

hii
Dear Sir,

whether provident Fund Deductible on stipend? stipend Amount 16667. xplain

Our taxable income was Rs.17,72,150/- and Tax comes to Rs.402,039/- and we paid advance tax 115,000/- and TDS deducted Rs.563,740/-.

Income Tax department has deducted interest U/s234C. Please explain.

A Company has paid Deposit for taking a land on rent.The Company could no longer pay the rent and so it had to vacate the land and the landlord subsequently seized part of the deposit for arrears of rent and part advance rent for 6 months as per the penalty clause of the agreement . Will the Company get a deduction for Rent in arrears and advance as the former has not deducted TDS on the deposit?

SIGHN OF CA REQUIRED ON IT RETURN?