SON OF OUR MANAGING DIRECTOR IS A NRI
OURS IS A PUBLIC LIMITED COMPANY. CAN WE APPOINT SON OF M.D AS A CONSULTANT IN OUR COMPANY. WHAT WILL BE THE PROCEDURE

The finance Minister proposed to abolish FBT from AY 2010-11(FY 2009-10) and onwards assessment year .But many assesses have already deposited the FBT advance tax on 15 June ,2009 for the FY 2009-10.
what will be the fate of the advance FBT they have deposited?

Dear Sir,

My Turnover for financial year 2007-2008 is above 1crore as I have not submitted my IT return for 2007-2008 and did not get my accounts audited. I want to know can I submit my IT return for 2007-2008 now with audit report.Is there any penalty for that..

Thanks

I have some shares which are in the name of minor who has now become a major.What has to be done to change the statuss of those shares as major?

we are taken home loan on our both joint income, but emi are going from my husbands account, property agreement show both as co owner and co borrower but no share specified can we both take income tax benefit of principal and interest of 5 lacs or ?

I am a pvt ltd company.

I have been e-filling all my quaterlry tds returns on time in form 24Q for salaries paid.

I have already filed my tds return for the last quarter of the year ending march 2009.

Do i have to also file a annual tds return for the year ending march,2009?

if yes , then in what form number?
what is the due date ?

whether interest income received on investment in bond under section 54EC is taxable ?

Please give information of Budget 2009 & New Amendment

I changed job in september 2009 and there was no tax deduction at source as income for that period was less than 1,50,000. All my income is from salary. I also did not give those details to my current employer. The first deduction of Tax at source was in october.

To make up for my tax liabilities i paid advance tax by cheque on 28.03.2009. Will there be penal interest charged to me. Also do the dates of 15th sept, 15th dec and 15th march apply to me. As I have not met any of these deadlines

i want to study income tax thoroughly with practical cases. but i am confused which book to go with because i want the best book.
shall i refer incme tax ready reckoner or any other income tax book and which one. plz suggest me.thanks.

if i go for income tax ready reckoner is it fine as i have cleared pcc and i want to get good knowledge of tax. so is ready reckoner is ok?>