Sir
I wanna know that client(individual) have forgotten to show housing loan taken few year ago and also property in Last year's returns and also not claimed deduction u/s 80C and now i wanna know that whether that loan & property can be shown in current year return & B/s. What is the procedure, compliance and tax implications in this case and whether client can claim 80C of loan installment paid and interest U/s 24 in current year ?

Profession tax discloser in P & L a/c in a Pvt. Ltd. is made then what is Sec , rulke or law Act for the same?

Dear Sir,

I want to import a software from Europe for my business requirement. It will be delilvered on a CD.

I want to know do I need to decduct TDS from the payment which I make to this Company in Euros. This Company has no brach office in India.

What other taxes I need to pay to import this software like custom or service tax etc?

Regards

Amit

sir, what are the depriciation rates on buildings? what are the concessions available for rent out residential properties?

sir, what are the depriciation rates on buildings? what are the concessions available for rent out residential properties?

sir, what are the depriciation rates on buildings? what are the concessions available for rent out residential properties?

Hi all,

i have one query regarding stock
i am using tally 9

suppose purchase is 100 mt @ 1250 Rs/Mt total amount is Rs.125000.

i am giving this 100 mt for cleaning process, after cleaning process i am getting 90 mt as finish goods.

can any body tell me what would be finish goods value and what would be cleaning loss amount.

please also tell me which entry to pass in tally and how.

thanks in advance for your co-operation.
hemant

subject has done job in a ltd from apr 08 to mid jul 09.but not got the clearance from employer

Again joined another company in sep 08 worked for 25 days & left without taking salary

now in mar 08 joined another company & told them that he was working from sept onwards in previous company.

now he has to give his previous salary details to preseny employer for tax calculation & return filing.

I want to ask that

1. It will be legal that he will give tax without earnings.

2. If he will need any document from both previous employers or simply tax will be calculated on the basis of what he will ask them that he has taken so much salary.

3. He had not provided rent slips to previous employers, will he get HRA assumption.

4. PF no. of previous employers will be required or not?

Hi,

For non filing of return, according to sec 271F there is a penalty of Rs. 5000 /-, but I have heard that the same has not been levied on any one inspite of late filing of returns.

Please confirm if i am correct & let me know if the ITO needs to take any prior permission before levying the same.

Thanks
Altaf

Hi,

I have received a notice u/s 142 (1) to prepare a true & correct return & submit it to ITO on a date mentioned & attend hearing for the same.

I do not have the acknowlegdment copy of IT Returns due to which I feel I have missed out filing for that year. Is there any other way I can ascertain whether I had filed the return or not.

Notice is issued on 26th Feb 2009 u/s 142 (1) for f.y. 2005-06, is it time barred.

Secondly, i heard that returns can be filed till for only last 2 years. So can I file the return for Fy 2005-06 now if i haver not filed before.