I want to know what is the interest and penalty for delayed/non payment of service tax in time and also for delayed/non furnishing of return in time as per the latest notifications.

Dear All,

I want to answer of following query:-

Our Co. (PSU) has taken one house on lease from an employee (Lessor) and reversely given to the same employee for living to him & his family. It means employee enjoying perquisite from employer and as well as receiving amount from Co. as lease amount. I want to know, is it "house property income" OR "perquisite under the head salary" in the hand of employee.
If this is perquisite then is co. liable to deduct the tax.
Plz. mention Section or rule on which you will give answer

Thanks

As per the recent amendment, w.e.f. 01.04.2008 the notice U/s 143(2) shall be served on the assessee after the expiry of six months from the end of the financial year.
My question is

1. In the F.Y.2008-09 the scrutiny cases of F.Y.2006-07 are to be selected. whether the above amendment is applicable for selection of cases of F.Y.2006-07 or not?



Bharat Aggarwal

As per the recent amendment, w.e.f. 01.04.2008 the notice U/s 143(2) shall be served on the assessee after the expiry of six months from the end of the financial year.
My question is

1. In the F.Y.2008-09 the scrutiny cases of F.Y.2006-07 are to be selected. whether the above amendment is applicable for selection of cases of F.Y.2006-07 or not?

Please let me know the procedure for filing the ROC returns and what documents, things we will be requiring for the same?

Thanks

Hai friends



I have come across a problem. A sole proprietorship is converted into a company. after that all income and expenses are booked in the name of the company. But the company forgot to intimate it to their clients and they continued making payments in proprietor's name. Actually the income is booked in the name of the company. But the problem came when the client issued TDS certificates in the name of proprietor. They are not willing to change it.

Since the proprietor has no income since all income is booked can he claim refund for the tax deducted in his name.

I am a Bcom graduate from Mumbai,Also Worked as Tally Support Engineer,Now as a EDP cum Inventory controller in Readymade Garment Company.
plz Suggest for future career....

Dear all

I have 3 TDS retaled querries.

case : TDS for 07-08 financial deducted and deposited in current year as the bills received only in current year. ( bill date is Nov 07 & TDS paid on 07/08/08)

(i) how we will issue the form 16A (for which year)

(ii) how we will file the e-tds return for the amount remitted.

(iii) what is the procedure for late receipt of bill and late payment of TDS

your reply will be helpful for me. Thanks.

I am working in a PVT LTD. company which provide me 12000/- salary in cash from last 1 year ,plz suggest me how to plan my future finance planning.Like where to Invest ,What to Invest?

im a PE-II student, giving my next attempt in may 09, left with the 2nd group(income tax, costing and fm,infotech) could suggest a good coaching classes in chennai with its address and phone number....who are the faculties and should i join in one class for all the subjects???