As person has taken applied for leave encashment in the month of March-08, but has got sanctioned in the month of April-08 and payment was also disbursed in the April-08.

Now my question is that -

Whether it should be booked as liability in the month of March-08 by booking as expense for march-08, or it should be booked in the month of April-08 as expense.

If it booked it in the month of march-08, whether company is liable to deduct tax in the month of march-08 itself.

and finally, when it will be taxable in the hand of employee, in the previous year 2007-08, or in the previous year 2008-09

kindly reply.

If the assessee does not have an internet banking account can somebody else pay the tax on his behalf through his internet abnking account?
also can the taxes be paid through one's credit card?

want to know tax exempiton of purchase of plot

1. Whether residential plot is coming under the word residential house property for the purpose of Sec.80C.

2.Exemption for interest accured on plot loan u/s 24 of Income Tax, 1961.

3.If a personal loan (not the Housing Loan) is taken for purchase of Plot & residential house , then whether in that case also

For Ast Year 2008-09 Mr. X an employer, deducted tax at source on Int. is Rs. 10,000. The same is remitted within due date also. But after the payment, Mr. X comes to know that he is deducted & remitted excess Rs. 5,000 to Govt. Now the question is,

Can he adjust the same i.e. excess amount Rs. 5,000, against any other TDS payable for the same Ast.Year?

Re.

Arun Dongre

had been pruchased a plot at delhi on April 3, 2008. I had made full and final payment of the plot by taking a loan of Rs. 11 lakh from bank, whose recovery from my pay is Rs. 11000 pm.

Please let me know any book or Web Site to update / to gain expertise in determining whether particular expenditure is of capital or revenue


I know the basic concept.I just want to update acadamically by studing case laws / example

Sir,

We are receiving Rent from Office and Furniture and We have a separate agreement for both We are receiving Separate Cheque for Rent on office and Furniture from F.y. 2006-2007 We are Charging Service Tax on Rent on office since it is a immovable property
Whether we have to Charge a Service Tax on Furniture for which we are receiving the rent if yes than from which year we have to pay service TAX

Please suggest

1. Can a Retail custmoer pay tax on behalf of corporate assessee. what can be done if the assessee does not have account with bank providing e-payment

2. Is it compulsory to make Payment of TDS also via E-payment

1. Can a Retail custmoer pay tax on behalf of corporate assessee. what can be done if the assessee does not have account with bank providing e-payment

2. Is it compulsory to make Payment of TDS also via E-payment

Hi

Can a CA pay Taxes online on behalf of its Clients by opening a seperate bank account having Internet Banking Facility in that.

Thanks