Can anyone tell me the treatment under the following case.

Private limited company has sold the office equipment at Rs.11000/- on 21st August 08 cost of that equipment was Rs.42102/-. How it will be treated as per Schedule VI of Companies Act 1956?

Hi Friends,
I have a question regarding the TDS Claim, Our customer has deducted the TDS on our Invoices in the last financial year and we have not cosidered the same while filing our IT return for the last financial year.

I think we can claim the TDS while filing the return for the current financial year. If so, please let me know which section of the Income tax Act. talks about the above matter.

one of my employee have two houses in hyderabad and takes loan on both.so he claims interest on both the houses which is more than 150000/-.so can we take interest on house property in form 16 above 150000/-.

Hi,

We had availed a technical service from a foreign company (US based). We are going to deduct tds for their payment. Whereas they don't seems to rely of the foreign tax credit. Can we claim any exemption for this deduction.

Regards
Pushparaj. A

Dear Friends,
Our company have various contracts which are covered under definition of AS 7.

Up till we are not applying this AS in our company.

Now for this year we want to apply the AS 7 on some of our contacts & on other we don't want to apply.

Whether it is possible?

Our 24Q has been filed within due date. Now one of the seniors want to get a revised Form 16 and is asking me to revise Form 24Q.

Can I do so?
If so, under which section?
Any conditions attached thereto?
Any time limit
Urgent reply required. Plz
Thanx in advance

I am trying to fill up ITR2 online and have following questions wrt to it.

1. Which section of IT is applicable as I have only interest/ dividend / STCG and LTCG thru investment in securities.
11 u/s 139(1), OR 12 u/s 139(4) OR 13 u/s 142(1) OR 14 u/s 148 OR 15 U/s 153(A)?

2. My investments are thru ICICI Direct PINS account and have TDS deduted at source with STT for part of the year on STCG. My STCG is very less compared to LOSS and I am filing this return for setting off my losses in future.

3.I am newbee so pls let me know if I have to file return for TDS deducted for inyear 2007-2008 that is FY 2007-2008 . What is AY accounting year ? I received TDS certificates for 07-08 and 08-09 only this year so I am confused if i file both year before 31st?

4. If I file ITR2 do i still need to send physical copy to my ward?

5. PAN address and ITR address .. can they be different? They are in my case as when i took PAN i was in India and now in here in UAE.
Please support by answering my query.

Thanking you in anticipation ...

A plot is purchased in joint name of husband and wife. Loan is also taken for plot in joint name of both. How the accounting treatment(Shown in Balance sheet)will be done for these transactions?

Please note that EMI chaque is isuued and being clearing every month from the bank account of Husband only.

My one of the client has been providing zerox services on contract basis to a corporate. The receipts during the year exceeded Rs. 10 lacs, He in neither registered under Gujarat VAT nor under Service Tax. Please advise, under which laws he shiold be required to get registration?