During A/Y 2006-07 TDS was not deducted on frieght paid, u/s 194C, however my friend deducted TDS during A/y 2008-09 and paid before due date. Whether expenditure of 2006-07 will be allowed in A/Y 2008-09 and TDS form 26 for 2006-07 will be revised ? pl explain in detail.

Please explain Repo rate and basis points.
Please refer the following sentence -
"In the last fortnight we witnessed the RBI increase the Repo Rate by 50 basis points to 9.0 per cent"

I HAVE PURCHASED A FLAT FROM A BUILDER AND I AM PAYING ONLY PRINCIPAL AMOUNT IN INSTALMENT (WITHOUT INTEREST)TO MY BUILDER.

NOW THE QUESTION IS --- WHETHER AMOUNT (INSTALMENT) PAID TO BUILDER IS ELIGIBLE FOR DEDUCTIION U/S 80 C OF INCOME TAX ACT?

Please guide me regarding deduction of TDS in Hire charges of JCB & Heavy Crane's bill.

what is main difference between the qualified
and unqualified opinion?

Investment in national saving certificate Is eligible for 80c deduction?

My doubts are:

1) Firstly, when we apply for EPCG lic. for local procurement, why we get refund of Excise Duty and why it is called as Refund of "TERMINAL" Excise Duty, why the word TERMINAL is used.

2) Secondly, For local procurement under EPCG lic. we will get refund of Excise Duty as mentioned above, why we will not get any refund from import items (cleared under EPCG LIC.)

3) Lastly, what benefit would govt. gets if Excise Duty is refunded to the manufacturer.

Kindly reply to my doubts

Regards
K.Ravi

A partnership firm having registered office at delhi, but its works place is in Haryana where it keep all books of accounts. It has applied for PAN which showing income tax jurisdication in Haryana and file ITR for the A.Y. 2008-09 in Haryana.
But it has applied for TAN from its registered office i.e. delhi.

Wat shold be done in this regards

hi.I am going to appear in Nov 2008 PCC exams. pl provide me with the rates applicable for provisioning of NPA in bank accounts relevant for my exams. thanks in advance

Hi,

I want to know income tax rates and applicable rebates for FY 2001-02 to 2005-06. Can anyone help me?

Thanks,
Abhishek