Can we get the deduction of personal loan while calculating the taxable income for salaried person & what is a treatment of interest on personal loan ?

Dear All,

Please clarify the changes in commercial Taxes with effect from 1st Aug2008,in Karanataka state, one of Point(12th Point)
"Contractors Purchasing iron & Steel, Hardware,timber,plywood & Similar goods are liable to deduct tax at source",

Please clarify the Point & what is the process how to follow the point

Thanks & Regards
Durga Prasad Garaga

My Mail ID durgaprasad@asterinfratek.com

Friends,

One of my collegue is planning to appear for PE II. he is looking for the STUDY MATERIAL (on returnable basis if needed). will appreciate if you can refer him with some one who has cleared PE II - both groups. Please find enclosed the contact details if you need to contact him directly


Gururaj Belgundi
Ph : 9869001046
mail id : gurubelgundi@gmail.com


Thanks

Gul

Dear SIr,

I am working in a construction company. In our working site, our workers met an accident and we bring them for hospitalization. In that occassion, for medical treatment we have paid cash which more than Rs.20,000.( Other than no option available) but which is against the section 40A(3). Noew kindly give me a solution how can i debit that amount in our Cash book and moreover confirm that the above said situation is exceptional. Pls urgent

Could someone give the procedure for incorporating the change in address of Registered office in Export Import Code

1)If i Create Deffered Tax for the first time in companies Accounts , Can i change make changes in previous year audited balance Sheet Also?.......

2) The Company Sold Most of the Assets in 2007-08 .Moreover Deffred Tax is not provided in books.How Should i calculate deffered Tax now?

A charitable trust,registered under the income tax act,1961 having main object of promoting education gave an amount of Rs.75000/- during the financial year 2007-08 as an interest free loan to a needy student for undergoing higher education. Whether this amount can be treated as an application of the income of the trust u/s 11.

Dear All,

Please suggest,

Sir, we are in manufacturing and selling Business. Now the problem is we are sending goods for Jobwork purpose local and out station parties also (Inter State)
One of our party is in Bangalore and we are purchasing goods from local party and sending directly to our bangalore party.
Our creditor is charging 3% CST against form-C. (after completion of jobwork they are return goods to our Hyd plant) In this regard can we issue form-C or Not? If yes, can we collect any proofs from them? One more point is our people also raising purchase order against form-c, 3% CST.

Please suggest me!

Thanks & regards

srinivasuluc

SIR,MY CLIENT FILED HIS LAST RETURN IN THE ASSESSMENT YEAR 1998-1999.HE DONT HAVE HIS PAN NUMBER.NOW,SIR,HE IS WILLING TO FILE HIS RETURN.
SIR,MY QUESTION IS WILL HE BE REQUIRED TO FILE HIS RETURN FROM THE AY-1999-2000 OR HE CAN START AFRESH AFTER GETTING IS PAN NO. FROM THE AY-2008-2009.
PLS REPLY URGENTLY.

A payment is made for purchases by depositing cash into the bank account of the seller by the buyer, if exceeds Rs 20000/- will that be liable to be disallowed under Section 40A(3) of Income Tax? Pls Advise