Sir
in the year 2008-09 we are collected advance for to sell scrap material but not paid the TCS, Can we pay with late interest in this 2009-10 year ??? if so what is the interest rate?? 1% per month or any other??

Sir
in the year 2008-09 i had paid excess TDS amount (Rs.100000/-), can this amount adjust to this year tds payments???

hello!

a retailer has having his turnover 448678 and 478651 for the fy 2005-06 and 2006-07 respectively.

now filling a income tax return for fy 2007-08 his turnover has exceeded 5 lakh which is the limit for VAT registration but he is not reg for VAT.

what would the implications of filling a return furnishing a turnover of above 5 lakh but without a VAT registration.

kindly suggest.

Please can u compute the capital gain with explanation

1. In 2005 land brought for Rs 200000
2. In 2006 1,50000 spend for construction.
3. In 2007, 2,00000 spend on construction
4. In 2008 , Rs 2,50000 spend and total land with building sold for Rs 1000000.

Actually i have to make a ppt and present in in front of panel of Chartered Accountants regarding a new rule by ICAI for ITT i.e presentation with project submission Can someone plz help me with readymade ppt on any of the topics
1. FACTORS DETERMING DIVIDEND POLICY
2. INSIDER TRADING IN STOCK MARKET
3. INNOVATIVE MARKETING STRATEGIES
4. IT USED IN AGRICULTURE
5. IT USED BY TERRORIST
6. CYBER CRIMES & FRAUDS

whether person taking contract of welding works covered by VAT and have to pay VAT on contract amount by considering sales. If yes then what %age will apply for the same? whether same is covered under Service tax also

Head office is in Maharashtra,Branch office is in Gujrat.Vat No.is applied in Maharashtra.Sale/Purchase in Gujrat.From where to file Return(Maharastra/Gujrat)and what rate Gujrat Sale/Purchase Rate or from Maharashtra with Gujrat Sale/Purchase rate?
Pls Reply?and help to clear the confusion.

can huf take gift rs 50000/- in cash from non relative if yes what is the tax rate

hi,

What will be Tax Treatment of Share Trading under the Income Tax Act. regarding :
1. Intraday Trading
2. F & O( Derivatives)
3. Shartterm .

Will intraday and F & O will be part of business income.

Pl. explain in detail

Dear Sir,
We are in the transport business.
Trucks employed by us are through truck suppliers [ Transport Companies].We have to pay these company advance against freight. They do not accept checks even though the amounts are above twenty thousand - as they have to give cash to the drivers for way expences --sometimes when the freight is to the tune of one or two lacs we have to give them cash as we have to give at least 70% of the feight as advances.
How are we supposed to pay -- CAN WE PAY IN CASH AND SHOW IT IN THE BOOKS or WE BREAK UP THE AMOUNT AND PAY 20000/ PER DAY TILL THE AMOUNT IS COMPLETE ??
How should we pay and make entries in the books?
Ref:-
SECTION 40A(3)/RULE 6DD : BUSINESS DISALLOWANCE - CASH PAYMENTS EXCEEDING PRESCRIBED LIMIT - PRESCRIBED CASES & CIRCUMSTANCES IN WHICH PAYMENT IN SUM EXCEEDING - PRESCRIBED LIMIT MAY BE MADE OTHERWISE THAN BY CHEQUE
1
2. Payments to Central and State Governments, if the rules framed by such a Government provides for payment in legal tender, such as payment of direct taxes, customs or excise duties, sales tax, railway freight, etc. Thus, in case of payments made to railways on account of railway freight charges or for booking wagons, section 40A(3) will not apply - See Circular No. 34, dated 5-3-1970.
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11. Payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person.
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When Rail freight can be paid in cash why not Truck freight??