sangita
08 July 2009 at 12:51

Income Tax return

Can we manually file our Income Tax Return for the FY 2008-09???Even if we file manually, can we get it stamped in our respective jurisdiction???
If the return is electronically filed, we have the acknowledgement to Bangalore (CPC Department)..
So to avoid the procedure, can we do it manually???

Kindly solve the above query as soon as possible
Thanks
Sangita


sriniwas

Hi,

I have recently applied for COP and planning to join a 15 year old existing firm as partner. I am also planning to do my own practice in my individual capacity.
In this regard, need clarificaiton w.r.to:
1.Can practice simultaneously in individual capacity when I am a pertner in another firm.
2.If yes, shall I intimate the same to instittue ? (I hold COP)
3. Is it better to practice in individual capacity or to float a proprietorship firm.
4. Please also clarify any advantages/disadvantages with the above mentioned arrangements.

Thanks in advance for the help.
V. Srinivas.


Manish

Hi,

I am getting a monthly reimbursements of Rs6500/- on account of car petrol and driver. Post budget and abolition of FTB - will this amount become taxable?

Thanks in advance.


sangita
08 July 2009 at 12:47

Notice u/s 142(1)

hello frnds
pl solve the gn below query

Our client XYZ has received a notice u/s 142(1). There was no notice received by our client u/s 143. Is this valid under law? Is this valid under Income Tax Law..

Pl clarify the above query as early as possible
Thanks in anticipation

Regards
Sangita


R N Bhattacharyya
08 July 2009 at 12:33

TDS Refund

I am a senior citizen(+60 yrs). After my retirement from a PSU, I have deposited some amount in a Public Sector Bank(BOB), which will fetch Rs 1,80,000/- interest per year and payment will be made quarterly.
1)As per the 2009-2010 budget, how much amount I have to pay as IT. I have no deposits under any IT debate category.
2)1st quarterly FD interest, in this financial year, is made on 29th June 2009 deducting about Rs.4000/- as TDS.
3)If the TDS amount is higher than my actual income tax for the whole year, how could I get back the amount in my S/B account, without any hassle, as due to my health problem, my movement is well restricted by Doctor.
Thanks.


Prajakta Prabhune
08 July 2009 at 12:24

T.D.S.

In case of excess payment of T.D.S. Income tax says that " excess amount is first adjusted against the existing tax liability of the deductor under any Direct Tax Acts and after meeting such liability the balance amount, if any is refundable to the assessee."
My client has deposited excess T.D.S. under 94C and can i adjust now against 94C and 94J against my payables?
Will it be allowed? And above quoted income tax lines suggests the same? or else?


jay arya.........
08 July 2009 at 12:24

FBT


Hello frinds

Plze tell me can we claim FBT on Car reapirs & Maintenanace for f. y 2008-09

thanks in advance


CA Deepali Jain
08 July 2009 at 12:18

Due Dates

Can any one tell me the due dates of VAT, CST and Entry Tax.


harshita
08 July 2009 at 12:11

sweat equity

our unlisted closely held pvt. co. wants to issue sweat equity can any body told me the procedure for valuation of intellectual property and how the amount of discount calculated.


RACHIT BAKIWALA
08 July 2009 at 12:04

Section 80 E

As there is an amendment in section 80E. Please clarify from which date it is applicable.
It is written in Finance Bill that " The proposed amendment will take effect from the 1st day of April, 2010 and will, accordingly, apply in relation to assessment year 2010-2011 and subsequent years."

plz tell me whether is amendment is applicable from 1st April 2009 or 1st April 2010?






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