We have shown the TDS certificates received amounting to rs 4 lacs but we have actually received the certificates of rs. 3 lacs but again in the balance sheet for 07-08 we have shown the tds of rs 4 lacs. so what will be the treatment of difference amount in the next financial year.

can you give the web site to know about foriegn exchange closing rate.

one of my client wants import industrial use oils. what are the licences to be obtained and what is the procedure to import

DEAR SIR,
MY BROTHER IS AN NRI, NOW AMERICAN NATIONAL.
HEAND HIS WIFE HAVE PURCHASED A FLAT IN INDIA IN JOINT NAME. FOR PURCHASE OF FLAT ALL MONEY RECEIVED FROM USA IN NRE ACCOUNT IN INDIA. FLAT HAS BEEN RENTED OUT.
THE RENTAL INCOME OF FLAT WILL BE DEVIDED BETWEEN THE TWO.
WHILE FILING IT RETURN ANY DOCUMENTARY PROOF IS TO BE ATTACHED OR NEEDED LATER TO SHOW SHARE OF EACH ONE WHILE PURCHASE OF HOUSE.
IN USA THERE IS NO PROVISION OF SEPERATE BANK ACCOUNT ALL BANK ACCOUNTS ARE JOINT.

REGARDS,

A.KUMAR

Whether probation period is counted for the purpose of calculating 5 years?

Suppose an employee completes 1 year in probation and immly the organisation confirms the probation. After that the Employeee completes 4.5 years under confirmation. Is he eligible for Gratuity under the act.

Whether export duty will be applicable on Medicines meant for Personal use. Whether the consignee has to pay duty at the time of collecting the medicines?

One of my client, 60, is getting a monthly fixed salary of Rs. 50000/- pm (Rs 600000/- pa). Other income include VRS pension Rs.1,50,000/- pa, Interest - Rs.4000 pa, Dividend Rs.12000 pa.

How he should get the salary re-structured from his employer to get maximum IT benefit. Pl offer suggestions with different options.

Dear sir/madam,

I have been engaged proprietorship business (Works Contract). IT returns filled on the status of Proprietorship up to 31.03.2008. We have entered Partnership w.e.f. 01/04/2008 there is no change in the Name of organization. And again the firm converted in to PVT LTD company with other Name (as per Company law PART IX conversion). In this case

We have taken PAN & TAN on Firm name, but the PAN & TAN was allotted on 02/06/2008. So in the April month TDS amount (which deducted from sub contractors) paid on 06.05.08 to Govt. on the Proprietor ship TAN (only one month) due to delay of new TAN and next preceding months paid on the Firm TAN and eTDS returns filed 1Quater for April month on the proprietorship TAN and next two month on Firm TAN

The firm converted in to company from 15.09.2008.

Now I want to clarify following things

1) how can I file the IT returns ( up to april 30 – proprietorship, from 1 may to 15 september – Firm, from September 16 – company) or

2) can I file the total year on the name of Company, if yes

3) how can I issue the TDS certificates, which TDS Paid in the Proprietorship, Firm

4) explain the Firm closing procedure (i.e. ware we will surrender the TAN, PAN and with in how many days we will be surrendered )

5) if any posibility for refund please explain the proceedures

6) if required seperate returns, i want to combained Turnover for bank purpose, any procedure for combained the Turnover pl. explain

Please explain the all things in detailed. I think it is very rare case. ( I was discussed with auditors, they were not justified)

It is Very urgent
I am waiting for your vary valuable information

Thanking you

Balu

Is there any excise duty leviable on sale of imported scrap in the india

can anyone help me with thie querry??

a pvt ltd co. has increased its share capital for which it has paid Rs.195000 towards ROC filing fees. Whether this entire amt can be debited to P/L??what will be its treatment as per the co's act as well as IT Act??