Dear
freinds

My client paid Interest on unsecured loan @ 18% p.a the case under scrutiny and ITO is allowing 12% only can any one tell me is there any circuler, notication or caselaw about maximum rate of Interest we can pay to relative

hello every one
i have two queries

1.mr 'x'has income exceeding basic limit for the previous year 2007-08 and he has filed return for that year.
And he has income not exceeding basic limit for the previous year 2008-09.in this situation is he required to file return for the previous year 2008-09.


second query. in the above situation if mr 'x' is a non resident for the PY 2008-09 and has income abroad and has income in india not exceeding basic limt ,is he required to file return for the PY2008-09

IN PVT. LTD. CO. AN ASSET HAS BEEN SOLD FOR RS. 120000/- ON 20-02-2009 WHICH HAD A W.D.V. ON 01-04-2008 IS RS. 140000/- THE TOTAL LOSS IS RS. 20000/- CAN YOU PLEASE TELL ME AM I RIGHT OR WRONG ON THIS ISSUE, I HAVE SHOWN LOSS ON SALE OF ASSET IS RS. 20000/- IN PORFIT & LOSS ACCOUNT. PVT. LTD. COMPANY FILLING HIS INCOME TAX RETURN. WHAT SHOULD IT MENTION IN THE RETURN IN THE CAPITAL/GAIN LOSS COLUMN IN THE RETURN SHOULD COMPANY MENTION RS. 20000/- IN THE SAID COLUMN OR CAN IT BE CARRIED OVER FOR THE SUBSEQUENT PERIOD ?

hi friends

i have a quiry about Pt , if our one employee left office for six month so what is PT for him, and his salary is Rs. 12500 /- shall i paid full PT amount for RS . 2500/- or Rs. 1500/-.

We are deducting provident fund @ 10% on basic pay of our employees and depositing the same with our share @ 10% in nationalised bank by opening separate accounts of employees under the head "PF A/c of ....Employee Name....".

our query is

1. can we give rebate to our employees on their 10% PF share u/s 80C ?

2. What is the procedure to recognise the provident fund accounts maintained by the private organisations?

Thanks

S. P. Dhammi

One of my friend Sachin have cleared inter ca Group 1 in Nov 2001 and for some reason have left the CA studies. Now he want to appear the Inter Ca Group 2. is it possible now? if Yes....How? you can further contact him at 9969016787. Response from your side will be appreciated.

Please help me! - I have working in partnership firm, our unit manufacture automobile parts, and we have purchase consumable mtrl. Can I take cenvat credit of additional duty? If yes, where are use those credit ? because, our supplier purchase material from importer & we does sales in local market.

Dear sir ,
Pl.guide me in following case.

I am working in foundry industries .there are some trans.bill which is received me by supplier.the supplier is not service provider or ltd firm. The bills are above nearly Rs 5000/- each trip.
They dont charge me service tax in the bill.

pl.guide me.

Thanking you.
vinod

Capital gains on car sold by an individual who has only salery income. Will this transaction attract capital gain.

Respected Sir,

Pl guide me, that we are A leading manufacturer in Led Light Torch, we issuing the salary to the sales represenatative as per details below:

e.g. Person A:
Basic 10000
DA 200 * DAYS
HALTING 400 * DAYS
MOBILE ALLOWANCE
TRAVELLING ALLOWANCE

Pl guide me that, is it necessary to issue the form no 16A, and cutting of professional tax.

Thanking you,
Yours Sincerely,

V S konkati