Dear Sir/Madam,

I want to know while calculating Income Tax on salary basic salary should be how much in hyderabad.Whether it comes under metropolitean city or not.

Thanks

My son e-filed his return of income, for A.Y.2007-2008, on 27-07-2007, and filed Verification form in ITR-V on 14.08.2007. He claimed a refund of Rs.87,365/-. The Assessing Officer issued a letter, dated 23-12-2008, requesting for furnishing Form 16A and TDS certificates for processing of return and issue of refund (if any). On 12-01-2009, the original TDS certificate of the employer, in Form 16, showing a total TDS of Rs.5,32,981/- (as shown in the return of income), was submitted at the I.T. Office.

The Assessing Officer issued Intimation under Section 143(1), dated 31/03/2009, showing TDS of Rs.3,20,596/-. This figure appears to bear no relation whatsoever to the figures shown in the e-filed Return of Income. Further, the Assessing Officer has shown an amount of Rs.1,40,785/- as Tax Payable, including interest under section 234B and 234C.

My son filed an application, on 13-04-2009, under section 154 and 155(14), for rectification. Hopefully, the rectification will be carried out, and refund with interest will be granted.

My query is this:

With reference to which of the following dates will interest be calculated:

1.Date of e-filing of return I.e.27-07-2007;
2.Date of filing Verification form in ITR-V I.e.14-08-2007;
3.Date of submission of the TDS certificate requested by the Assessing Officer I.e.12-01-2009;
4.Date of filing of Application for Rectification u/s 154 I.e.13-04-2009?

by mistakely i paid excess tax compared to the my actual liability so how can i disclose it in the st-3 form for the year ended on 31st march 2009

ex my liability for tax Rs.100
paid tax Rs.110
excess payment Rs.10
so how i disclose 10 in the st-3 form

I am doin my articleship and i hav opted for pcc .. my attempt is in nov'2010.. i am a graduate ... i want to do cs and want to attempt cs inter 1st grp in june'10 and 2nd in dec'10 ... wen can i submit form 112 to the institute as i have to fill the form in august. plz reply asap.

Any provision/guidelines for depreciation as per Income tax act and Company laws for following items:

we purchase regularly Cans for milk receiving from village level society to our plant which actual cost of cans in less than Rs. 5000/-

So, we can charge directly to P & L A/c as per both rules or capitalize above items.

We kindly say that we continuously follows to capitalize above cans since we have started
our unit 1969 and claiming depreciation on above items.

Pl.send clarification in above both rules and acts provision.

Dear Experts,

A company is paying to a hotel group for their annual meeting amounting to Rs.200000, including Room Rent, Fooding & Transportation.

Please suggest the TDS treatment.

Assessee has STCG in A.Y.04-05 which he has setoff agst b/f LTCG of A.Y.02-03.
A.O.did not allow setoff on the basis of sec.74(1)(b). Sec.74(1)(b) came from w.e.f. 01/04/2003," in so far as such loss relates to a LTCA, it shall be set off agst income, if any, under the head Capital Gains assessable for that A.Y. in respect of any other capital asset not being STCA."
So my query is whether assessee can take setoff of STCG agst LTCL.

Assessee has STCG in A.Y.04-05 which he has setoff agst b/f LTCG of A.Y.02-03.
A.O.did not allow setoff on the basis of sec.74(1)(b). Sec.74(1)(b) came from w.e.f. 01/04/2003," in so far as such loss relates to a LTCA, it shall be set off agst income, if any, under the head Capital Gains assessable for that A.Y. in respect of any other capital asset not being STCA."
So my query is whether assessee can take setoff of STCG agst LTCL.

Company X providing card swiping machine facility to various merchents and getting service charges for the same, all transactions are routed through card issuing bank and a settlement bank. Company X getting service charges from various merchants in turn Company X paying commissions to card issuing bank and settlement bank for their service. I need to know whether TDS need to be deducted while making such payments such to banks.

I once again want to raise the question that whether sect 274 1 g applicable only to the director of public ltd. co or pvt ltd. also??????? As I am not satisfied with prev. soln'.