I have FD with Bank and recived interest 150000 I have taken loan with this Fd and paid Interest 175000.

and OD amount which i take from bank in this i recived Interest 220000.

my question is that.
Interest on FD - 150000

Intrest Recived On
loan(As invested) - 220000
Less Interest Paid on Fd- 175000
Interest Income On Loan 45000

Interest from other sources 195000

Am i Right or Not Please Reply . I have not adjusted interest on loan amount from fixed deposit interest.

Dear Friends,
My question,Is Form No.13 applicable to Non-assessee of income tax thats mean by No PAN. and Is Form No.13 applicable for Senior citizen,who's income earned by way of Interest u/s.194A?

Hai To All
Amount Paid to EPF againest Notice (Issued by commissioner of EPF for late payment)So, is it admissible or not ?

Hello

please can someone tell me that what are the provisions for e-filing of the Income Tax Returns i.e. which categories of the assesses are required to file the I T Returns through e-filing or please quote the section no. or the rule no. where I could get these.

Dear All,

I want to know that what is the difference between followings:-

a)Director
b)Independent Executive Director
c)Excutive Director
d)Non Executive Director
e)Independent Non Executive Director
f)and finally Independent Director.

Pls. give reply in details so that i should understand it properly.

highly appreciated if u mail me at my below mail id.

Thx & Regards
Bishnu Deo Sharma
bishnu_jsr@rediffmail.com

Hi Experts!
Please any give me a specimen of Minutes of Annual General Meeting

We are working with transport company and they have given us Five bills by June 2009 amounting Rs, 45000 /- .each bill is below 20000 /- but now at the end of june whwn we have recevied sixth bill the total exceed 50000 /-. Now TDS is applicale on it.
So i want ti ask that late interest will also be applicalbe on it or not becuase one bill was of April, May and three are of June.


Please reply me soon

Thanks in advance.

MY CLIENT'S SON WAS WORKING IN U.S.HOWEVER THEY WERE FILING HIS RETURN IN INDIA ALONG WITH THEIR RETURN WITH THE STATUS OF RESIDENT.NOW HE RETURNED BACK TO INDIA PERMANENTLY.HE EARNED AROUND RS.30 LACS IN U.S.NOW MY QUERY IS THAT CAN I DIRECTLY TAKE THIS 30 LACS INTO HIS CAPITAL ACCOUNT AS HE HAS ALREADY PAID TAXES IN U.S.MY CLIENT WAS SHOWING INTEREST INCOME IN HIS RETURNS.

Hi,

An Individual Professional was got more than 10 lakhs in the Financial year 2007-08 and he had covered U/s. 44AB so he had filed the Income Tax Returns with 44AB audit report and for the next year i.e., 2008-09 is his income is not more than 10 lakhs so whether he need to file the normal returns or need to file 44AB reports?

Please clarify the same

Regards
Nagaraju

PAN card not recieved by assessee but his PAN No is found on Income Tax website. What is procedure for new Pan Card? which document should be attached?