we have paid consultant charges to a party on 25.01.08 of Rs.224250 after deducting tds as advance payment and we have received the bill in the current year for Rs.250000/-, during the year we have taken into account of Rs.25,750/- as tds payable and paid to the dept.

Now party asking tds certificate for the last year transaction, pl.advise

Can a student be stopped for appearing in final examinations just because he has taken excess leaves (due to some or the other reason)

A Proprietor has incurrend an expenditure of huge amount on rented premises for starting of new business. A rent agreement is non cancellable within period of three years. My question is
Can such expenditure claim over a period of 2 or 3 or 5 years in Income tax Act. Please answer with a case law or section or notification or circular if any.

Under the companies act, depreciation rate prescribed for software is 50%, i.e., we amortize the cost over a period of two years. As most of the softwares are used for more than 2 years, I feel that this rate looks to be on the higher side. Can you explain the logic behind this higher rate.

the wife of assessee is withdrawal the amount from her patnership firm with the intension to invest in property at her home town jammu. the deal could not be struck of and the money was handed over to the assessee who deposited the cash in his account.The CIT sent the notice u/s 144 to the assessee of unexplained cash credit in his saving account

In a pvt. ltd. co. on what basis of leave can be encashed by co. to employee. Is on the basis of Basic Salary or Gross Salary.If total accumulated leave 60 days and Basic sal-5300/-,Hra-2120/-,medical-1250/-,conveyance-1500/-,edu. all-1000/- & spl. allowance-1750/-(Total Gross Salary-12920/).So what will be the calculation and plz also specify the section also.
Plz resolve it as soon as possible.Here I am waiting for the best reply.
plzzzzzzzzzzzzzzzzz replyyyyyyyyyyyyyyyyyy.

one of my assessee surrendered Rs.4.00 lacs during assessment proceedings with subject to no penalty. I.T.O initiated penalty proceedings u/s 271(1)(c). Is I.T.O justified in initiating penalty proceedings.

An employee is studying or doing any course which is needed for performing his duties in a better way and pays related fees to educational institute.

If the fees paid by an employee reimbursed by employer either in full or in part, will it be taxable in the hand of employee?

We have taken a shop on rent in a shopping mall as per the terms of agreement we have to take electrcity supply directly from shopping mall .

Kindly advise whether payment of electrcity to mall owners shall attract any Tax Deduction at Source as per Income tax laws .


Sandeep Rohatgi

Dear all

We as a auditor, whether should we be satisfied if the client is maintaining all the vouchers in system and not taking its print outs...also they are having scanned copy of quotaions etc. in system and nt hard copy....whether should we satified..

Thanx in advance