author : Ravikumar AH
Posted On : 8/22/2008 4:53:39 PM
Sir,

Working in a private concern and its started operation from January'08.
My query is for FY 2007-08 we need to file the return or we can file with FY 208-09 return. Please let me now the last date of filing return for FY2008-08.

Thanks & Regards
Ravikumar A.H.



Expert : Chezhiyan.K
Posted On : 8/22/2008 5:15:34 PM
September 30.

still you have time .. you can file it


Answer is Not 30.09.2008

it depends if liable for tax audit then 30.09 else 31.07.2008

author : SHAIKH AIJAZ ABU MIYAN
Posted On : 8/22/2008 6:34:01 PM
An assessee has paid Vat relating to F.Y.2006-07 in April-2007, but respective provision as 'Vat payable' has not been made as on 31.03.2007. Whether such payment is allowed as per the provisions of sec.43B?



Expert : Chezhiyan.K
Posted On : 8/22/2008 7:05:35 PM
Vat Payable is Not an Expense..

What ll You Disallow?


Answer - Fisrt Of All, I Would Again This Expert Not to give answers if not sure and just for sake of points.

VAT Is Certainly an expenditure and subject to sec.43B

and secondly how come u tallied the balance sheet if all liabilities are not shown. this would tantamount to window dressing of accounts.

IF I HAVE FILED MY RETURN OF TDS BUT I HAVE WRITTEN PAN NO INSTEAD OF TAN NO SO I CANT GET TDS CLAIM i.e i tax dept not allowed tds claim so what should i do?

pls urgent my friends

What do you mean by free float indices?
Is it related with shareholding pattern of the company?

Im gng to appear for Nov08 PCC. I started my preparation from august only.is it possible i can complete the portions or shall i take only one group.I have attended classes for all subjects.

Whether FBT paid on Medical Reimbursement which was actually taxable in the hands of employees can be adjusted against future tax liability or for that matter whether the same is possible in respect of other Exp. liable for FBT.

Hello Friends, i need some clarification regarding the treatment of salary paid to Drivers who are on roll employees, as it is liable for FBT, but i have some confusion about the amount which should be considered in this regard, whether Gross, Basic or some other. Further Exp. on Uniform etc. are to considered or not. and finally won't it amount to double taxation if the co. is paying FBT and employee is also paying tax as an individual.

Dear Experts,

Please tell me whether accounts for the Contributory Provident Fund has to be maintained separately or can it be shown in the Main Balance sheet.

What is the exact rule position? Please give me the rule position.

Thanks

I know that working in BIG 4 is a great opportunity , but how 2 manage studies with it? do they consume too much time of ours?
I hav already joined a coaching. I cant back off now.

I dont think they will ever allow for coaching. Do they?

BIG 4 r consulting firms. is articleship valid with them?

pls clarify soon.
im nonplussed.

Dividend from mutual fund is exempted from tax, but is the profit is exempted from tax.

For eg. if we purchase a mutual fund for Rs.10,000/- and if the same is matured after 3 years for a value of Rs.20,000/-, then the Profit of Rs.10,000/- is is taxed as long term capital gains at 20% or it is exempted from tax. If it is exempted, then is there any conditions for it.