An Assessee has total tax liability of Rs.49,00,000/- & due date of filing return is 30.09.2008. He files return on 30.09.2008 & pays 90% of tax on the same date.
He proposes to pay balance 10% of tax now i.e.in April'09.
Whether interest u/s 234A is applicable?
If yes, then on what amount i.e.on Rs.49,00,000/- or on remaining tax liability of 10%?

Acc. to sec 35 of ITA when research work is given to outsiders how much deduction can the outsider that is the university or the institution can claim

I AM A PRACTISING C.S. ALONG WITH THE MEMBER OF ICAI, CAN I START MY PRACTISE AS A CHARTERED ACCOUNTANT ALSO? DUAL PRACTISE IS ALLOWED OR NOT?

ONE PROP. FIRM AND ONE INDIVIDUAL ARE ISSUED BILLS TO OUR COMPANY AND WE HAVE DEDUCTED TDS ON BOTH ACCOUNTS RESPECTIVELY.
BOTH ARE HAVING ONE PAN (MEANS SAME INDIVIDUAL IS A PROP. OF OTHER PARTY)
NOW WE ARE ISSUING TDS CERTIFICATE.
CAN WE ISSUE TWO FORM 16A OR ONLY SINGLE FORM 16A REQUIRED TO ISSUE.
IF ONLY ONE IS REQUIRED THAN HOW CAN WE INDICATE SEPARATE NAME IN FORM 16A.
PLEASE ADVISE.

We need to get the board approval for availing facilities with our bank like net banking, phone banking etc. The banks insist on resolution at board meeting. Can we pass these resolutions without a formal board meeting and just by a resolution by circulation?

HELLO MEMBERS

I WANT TO REGISTER ONLINE FOR FILING INCOME TAX RETURNS, BUT I COULD NOT REGISTER ONLINE, ITS SHOWING ERROR HAS A WRONG NAME.

PLZ LET ME KNW HW TO FIND OUT 1ST NAME, MIDDLE NAME & LAST NAME AS PER PAN APPLICATION

Suppose employer is contributing 20% of salary to Reco EPF.

Thus u/s 7 - 8% will added as deemed taxable salary to employee (Being 12% of Salary is exempt)

Now if this 8% is added in income and it being deposited into Reco EPF, it should qualify for deduction u/s 80C.

But I assume it is not so. Why ?

Customer have organized training for our employee @ the cost of Rs. 25000 & sent the bill for the same.

Whether TDS is to be deducted on training fees ?

dear all,

I need one Board resolution regarding ceased to be Director by death and appointed his wife as director of the Company

can anybody send me a draft of the Board resolution? it is very urgent

does a foreign company not having a permanent establishment here need to deduct tax at source from payment made to a resident for certain preincorporation expenses of indian company liable to tax deduction e.g payment to professionals.