If an assessee (Non Audit case) is having Rental income and the business income in the year 2008-09. And the Refund is 17000/- for the same
So my query is is it necessary him to file the return before 31.07.2009 to claim the refund OR will it be ok if he files the reurn after due date.

Please reply on urgent basis.
Thanks in advace.

Hi,
I am a trader from Kerala. We are sourcing materials (iron pipes & electrical Parts) through C From. The Supplier issues us a Excise Bill. Now in kerala we are supplying the same material to government agencies. They want Excise bill through which we can pass on the excise duty.We are using tally as our accounting software.

Now My Doubt:
Is it necessary to issue a separte Form 8 (Vat Bill) along with the excise bill. I would appreciate if somebody can send me a specimen copy of the excise invoice.

My id devi.prabhakar@gmail.com

Thanks
Devi

Dear Sir,

Good Morning,

Now my question is releted to Networth.

In Networth, how's Defeered Tax Lia. or Ass. affect.

Thanks,

Ronak

In Balance Sheet Abstract part we have to show capital raised during the year so in that particular heading what will be shown in private issue column i.e. increase in authorised capital or no. of shares allotted during the year??

Suppose Company A has increased its share capital on may 2002 say increase of Rs. 50 lac and allotment was done in dec 2003 of 49 lac then for the year 2002-03 what will i show in abstract part??

what if company is showing 49 lac as a share application money in 2002-03??

Please suggest



Thanks & Regards
Vandana Kacholia

a person who is a salaried employee and his total salary amounts to Rs.110000/- and he earns income from others sources also on which TDS deducted by the payer.

Can he file return after the due date and make a claim for refund of TDS without imposition of penalty by the ITO.

1 I have shown rent paid in cash and claimed HRA exemption from my employer but unfortunately I do not have suffient cash withdrawals from my bank account to prove cash payments for the year 2008-09

2 Do we have to furnish cash statements to the Income tax dept: income sources - salary,bank FD, post office savings interest income and capital gains from share/mutual fund transactions.

as FBT and CTT abolished by the Govt.\

Now the salaried person who were exempted from tax on perquisites due to FBT, are these perquisites includible in the taxable income under the head salary.

another question.

the amendments made in finance budget 09, are they applicable for May 2010 attempt for IPCC and CA final students.

Is it necessary to fill ward no. in e filling of IT return?

As per sec. 54B, only the amount of capital gain should be deposited as per capital gains scheme. Am I right ?
i.e. If a land is sold for 1200000 and the LTCG amounts to Rs. 400000, then only rs. 4 lacs is to be deposited, not the entire amount. The balance Rs. 8 Lacs can be invested anywhwere.
Further, The amount of capital gain should be deposited in the capital gains scheme for a period of 3 years. What after the period ??
It can be withdrawn and used anywhere or it is to be used for purchase of agricultural land only. If not used for purchase of agricultural land, then LTCG is to be paid or not.
Please solve the query in the way it is asked.

a)IF PAYMENT MADE BY COMPANY TO INDIVIDUAL FOR AIRCONDITIONAL HIRE CHARGES TDS CAN BE DEDUCT ON PAYMENT?
b)TDS can be deduct on payment made to individual for repairs & maintanence of machinery & electric,if any specific limit pls forward me