Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early

Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early

Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early

In one company incurred expenditure before opening branch these expenditure like salaries, stipend, advertisement,Interest on loans, rent, security charges etc. these expenses are capitalised at the time of opening branch and the same is transferred to assets like furniture, plant and machinary etc is this procedure is correct if yes please give me source about the same

what would be the accounting treatment of bonus shares alloted to sharesholder company

1. Could you kindly let me know the last Date for filing annual TDS Return (FY 2007 - 08)?

2. The process and place where this needs to be deposited in Delhi? My firm is Vasant Kunj based.

3. If in a Quarter there is no TDS deduction - is there a provision for a Nil Return?

Hi all


I am working in Softwate company in Finance Dept , i have completed my PE-2 group Two

i want to get a good knowledge of AS AAS DT IDT etc so i planned that working in Weend

i canot leave my job which is MON to FRD due to financial problesm


so any one can hlep me in bangalore - i will work on SAt and Sund for Fee of cost but it should value add to me in my profession

MY Email is manjula_manjulac@yahoo.co.in

Whether sale of land is cosidering for preparing individual total income statement for the financial year 2007-08

Sale of land during fy 2007-08
old value - 2.5L
current - 10 L

Its long term capital gain.Should this sale value can invest in reconstruction of house? there is any tax exemption? kindly pls give any advice to the above problems.

The assessee has sold a motor car on 31.03.08. Can depreciation be claimed on the car sold. There are other assets in the block. Is it necessary to show the profit or loss on sale of motor car in P/L account because any way it will not be considered for tax purposes.

Please anyone let me know the meaning of the following:


GOING SHORT


GOING LONG


FRONTLINE STOCKS


MARKET IS OVERSOLD


Thanks