Please let me know what is Provision for Income Tax & Provision for F.B.T ?

NOW i am paying F.B.T (ON 23.06.2009) for the Q.E March 2009 with interest for delayed payment So what would be the entries in A/cs for the F.Y 2008-09 & F.Y 2009-10 both as the Balance sheet for the F.Y 2008-09 is not been finalized

please help

What is goodwill.
option:-
a. tangible asset
b. intangible asset
c. ficticious asset
d. is is not asset

Please answer and give the cause also.

We have not deducted the TDS for one of the vendor due to oversight. But now during audit the same has been highlighted by the auditor. Now are ready to pay TDS and interest.

Please suggest whether we should revise our last year TDS return or furnish the figures in current years TDs return

Regards

Yogesh gupta

if the depreciation even if eligible is not claimed then is it lost for ever ? or can the depreciation of subsequent years be claimed on WDV not considering the unclaimed depreciation ? if no then is the same provision applicable to additional depreciation ?

Sir,
I have TWO Physically handicapped dependants.

Section 80DD says Rs 50,000/- deduction in Total income eligible on a PH dependant.

May I able to Use section 80DD on both of PH dependants to get deduction of One lakh? (I mean Rs fifty thousand on each dependant)

My office people are agreeing only for one dependant and they are giving deduction of 50,000 only.
Please help me in getting deduction on my second dependant also.
In section 80DD it is written as

"A dependant deduction of Rs.50,000/-"

It means the word "A dependant" indicates "I am able to take on every dependant"
But my office people are not agreeing this. I have asked in the income tax department also and I got only neglect answer.
Kindly do justification for me.

Plese sednd reply
Thanking you
Yours faithfully
Narayan

Can a Manufacturing Unit maintain its Excise Records like Daily Stock A/c, RG 23 A, 23C, PLA, etc in Excel Sheet in computer or some packaged software is only permitted?

Pls reply with some supporting/confirmation.

DEAR SIR/MADAM

1. AN ASSESSEE WAS TAKEN LOAN FROM SUNDARAM FINANCE FOR PURCHASE OF LORRIES HE IS PAID EVERY MONTH E.M.I. INCLUDE INTEREST IF THIS INTEREST IS PAID WHOLE OF THE YEAR IS ABOVE RS. 5000/- ASSESSEE IS LIABLE FOR DEDUCTING OF TDS ON THE AMOUNT OF INTEREST PAID TO SUNDARAM FINANCE IF ITS MANDATORY PLEASE TELL ,

2. IF ASSESSEE IS NOT DEDUCT ON PAYMENT OF INTEREST TO SUNDERAM FINANCE IS IT DISALLOWANCE AT TIME OF STATEMENT OF TOTAL INCOME PREPARED , IF IT IS DISALLOWED PLEASE TELL WHICH SECTION IS DISALLOWED.

THANKS IN ADVANCE

DEAR SIR/ MADAM

1. A PRIVATE LIMITED COMPANY IS NOT DOING ANY BUSINESS ACTIVITIES, SOME REVENUE EXP. PAID BY COMP. SO IT WAS COMES UNDER NET LOSS EVEN IN THIS SITUATION IS IT MANDATORY FOR IT E-FILING

2. A CINEMAHALL IS RUNNING BY PARTNERSHIP FIRM ITS ANNUAL GROSS COLLECTION IS RS. 900000 IS IT MANDATORY FOR FILING ITS IT RETURN THROUGH E-FILING AND MANDATORY FOR PAYMENT OF FRINGE BENEFIT TAX, PLEASE TELL

THANKS IN ADVANCE

Dear All,

The company has increased its authroised capital on which ROC Exp. are Rs. 2 Lac. Whether these exp. be included in Preliminary Exp. and should be deduct 1/5 every year or should be debited to administrative exp. under head fees & taxes. Please explain with section / rule details if any. Earlier in a other company case we have debited it in expenses account and claim fully in the same year. But at the time of assessment ITO object it. But we are enable to find the related section. Please guide.

Subhash Chander
999 000 3502

life

asked on 22 June 2009

This Query has 1 replies


broadcasting services

One of my client rendering broad casting services. to advertise in his channel, he is using the services of ad agencies.

My query:

The agency is recieving the commission from the customer directly and paying the remaining amount to my client. Suppose if the totak cherge for broad casting is Rs.20000 then his commission is 15% i.e3000. the agency is recieving 20000 from the ultimate customer and paying 17000 to the channel(my client). is service tax is to be charged on 17000 or 20000 ?