A company's total FBT Payable after surcharge & Cess is say rs 10,00,000.

The payments made in each quarter are:
15-06-2007 135,000
15-09-2007 395,000
15-12-2007 300,000
15-03-2008 200,000

As per the above example, the payment made in the first quarter is less than 150,000..... But in the following quarters excess payment has been made....... What will be the treatment of interest in the first quarter.....??? What entry needs to be passed in the books??????

By mistake in my office the TDS of Contractor US 194C has been depositen in Bank US 192B,Because of this the TDS return is Pending for the 1st Qtr so please suggest on the above mentiond problem

I have filed my return online without the digital signature and obtained the verification form alongwith the acknowledgement number. The verification form need to be signed and submitted in the income tax. My query is if I submit this after due date will I be at fault??

hi

what is cantonment board with respect to income tax?

thanks in advance
tima

Hi friends let me know under which section of I T Act TDS is to be deducted on payments made to HELICOPTER HIRE CHARGES. If there is any Circular or any other supportings pl mention .
Advance Thanks

I have donated Rs 51,000/- to a govt approved agency/trust for renovation of old temple. My Gorss income including losses from house property is Rs 3,80,000/-. I have made investment of Rs 1,00,000/- under section 80C. Also additional income from LTCG (from shares) is Rs 27,000/-. Pls guide me how much deduction shall be allowed to me under Section-80G.

Dear All

From the PF website I understand the maximum that an Employer can contribute
towards PF is Rs.780(based on Rs.6500 Basic+Da).Now one of my friends told me the PF Limit is.Rs.900(based on Rs.7500
Basic+Da).Please tell me whether the PF
limit is changed or not.Kindly explian

Regards
BINUMS

Sir/Madam,

When a company gives loan or advance to director holding more than 10% share in company.Suppose Loan of RS. 195000/- is given to director in previous year 2006-07 and same outstanding in P.Y. 2007-08. What will be accounting treatment to be shown in books and what will be the tax treatment in the hands of director/shareholder and company.

hi, i have traded during fy 2007-2008.i have intraday and delievery based transactions,i am a trader ,so its my business income,can anyone tell me how to prepare accounts for the same and is there any file uploaded on this site?

What is the difference between Law, Act & Rules