We are 100% EOU, can we be benefited u/s 10 B on sales made to SEZ if we get the sale proceeds in foreign currency. The shipping bill through which our customer ie sez exports includes our name also. Pl clarify with case laws if any.

Hi,

I want to know the rate applicable 10.3 % is from 24.02.09.

My query is

My billing date is 03.03.2009 but period of billing is Jan-2009 what will be S.Tax applicable?

Thanks
Bhaskar

We are 100% EOU, can we be benefited u/s 10 B on sales made to SEZ if we get the sale proceeds in foreign currency. The shipping bill through which our customer ie sez exports includes our name also. Pl clarify with case laws if any.

hi
i m facing problem payament of transporter if amount Rs.20000/- above how to maintain the books and because transporter want cash?

Dear Sirs,

If we are running facory on rented primises should expenditure made to construct the addittional store room within the rented primises shoul the expenditure made capitalise or debited to profit & loss account ?

Please advice.

thanks,

Chintan

Hi,
This is regarding computation of income of Partnership firm for A Y 07-08.

if any property (i.e. godown) purchased before 01.04.81 but not shown in balance sheet of the firm & sold in A Y 07-08,then can I claim deduction from sale proceed thru cost of acquisition or fair market value

What is the date of payment to be consider by department for the purpose of calculating interest on late payment of advance tax
1.Date of cheque deposited by assessee in bank showing with bank stamp.
2.Cheque clearing date showing as per stamp of bank.

Hi,
This is regarding computation of income of Partnership firm for A Y 07-08.

if any property (i.e. godown) purchased before 01.04.81 but not shown in balance sheet of the firm & sold in A Y 07-08,then can I claim deduction from sale proceed thru cost of acquisition or fair market value

My client is a sick unit and has applied to BIFR in 2006-07. It has incurred Rs. 4 crores for maintenance of the plants and equipments in 2007-08. It showed Depreciation in the Income Tax return resulting in loss return. Should it be allowed???

An Assessee wants to file his return of income for 3 Assessment years namely 2006-07, 2007-08 and 2008-09.
In the A/Ys 2006-07 and 2007-08 the assessee did not possess the PAN card. He had applied for it on 10.02.2008 and received it on 15.03.2008 i.e., he possesses PAn card only for the A/Y2008-09.
The total income of Assessee as per the requirements of sec. 139(1)for different A/Ys is as follows:
A/Y 2006-07 : Rs. 60,000
A/Y2007-08 : Rs. 95,300
A/y2008-09 : Rs.102,000

now my query is "The Assesse wants to file his return of income for awl the three assessment years, what will be the consequences with him? and what should he do for mentioning his PAN no. in d return for A/Y2006-07 and 2007-08?