Sir, I have a query. Please help

There are 3 Balance Sheet Items:

As per Books As per tax basis

Equipment 2 Lacs 1.20 Lacs

Prepaid
Insurance 75,000 NIL

Warrant
Liability 50,000 NIL

Kindly help me to calculate the DTA / DTL?
The tax rate is 40%.

The concept is a bit confusing .
KIndly elaborate the occurance of Short term capital Gains on the transfer sale of undertaking.
Only expert advise ; no blunt read out S-50B from the ACT .

If for P.Y 2006-2007 employer deduct Tds from salary of an employer(resident) in P.Y 2007-2008(after belated return has been filed by an employee for P.Y 2006-2007).Can employee claim TDS in his subsequent return becoz as far I know TDS can be claimed only in the P.Y in which income has been returned(filed)against which such TDS has been deducted?

Please make note that return can't be revised(Belated Return).

Thanks in Advance!

sir
I have paid tax on wrong PAN Number and challana was on my name. Is there any procedure for rectification ?

sir pleae tell me where is the vacancy available in pwc and kpmg for secondment candidates.

A company issue dividend to the employees under ESOP but after that few employees left the job. after that company ccancle the dividend chq. and cont pay any thing to the Employyes who left the job. so what steps we need to take in that sitution.
Regards

Deepak Kohli

Hi,

This is priti , I have a query on deduction u/s 10A

What do you mean by Profit of the undertaking? The profit of the 10A unit or the combined profit of the 10A and non 10A unit?

Suppose if non 10A is a loss then are we required to set off this loss from profit of 10A unit to arrive at the profit for computing deduction

If one wants to open up a yoga centre, could anyone suggest what could be a better option for the form of registration of the same, keeping in mind that it is with a profit motive. Also there are only 4 members at present. It would be better if I could get the tax implication even with the support of your reply.

can we capitalise interest paid to bank during the period of temperory shut down? shut down is for the purpose of maintenance. will it makes any difference if shut down is for increasing efficiency of plant?

Dear Sir,

Is it mandatory to appoint CS in an organization if the company is increasing the paid up capital more than 50 lakhs?