dear sir one of my recent clinet has paid t.d.s A.Y. 2005-2006 (accounting year 01.04.2004-31.03.2005) on 8/5/2005 even though the same was deducted during the year ended on 31.03.2005. under scrutiy for the same a.y the ITO disallowed all the expenses line contractor & subcotractors payments, payment of salaries etc. he has not deducted T.D.s. on rnet and sponsorship charges the same is also disallwed. The assessee has lost toally in business venture of prmotion business and his business was closed from 1.04.2005 and even not filed return for a.y 2006-2007. I want to file and appeal for him since he is in no condition to pay Rs.26,00,000/- tax charged on him becasue of the above disallowance. in fact he has paid T.D.S. and interest due thereon. Please advice on this case at earliest since my freind/client is working on salary of Rs.20000/- P.m.
please help me in this generous cause.

Liability on Deducion and payment on TDS is based on Company or Location? One company having two manufacturing unit in different state unit 1 (Main unt) & Unit 2 sub unit. It is necessary to get two TAN in different location and payment also to the different state

In group companies x & y

x deducted tds on contractors Rs.27668 and paid to govt.One month after that bills transferred to y co., on that bills y deducted tds and paid. Because contractor not related to x company.

x company in the month of jan'08 tds deducted some 75000/- on that amount adjusted rs.27668/- and remaining balance payable was rs.47332.

please sir this procedure was correct or any statutory procedure is there.

Liability on Deducion and payment on TDS is based on Company or Location? One company having two manufacturing unit in different state unit 1 (Main unt) & Unit 2 sub unit. It is necessary to get two TAN in different location and payment also to the different state.
K Hariharan

Sir,
Iam working in a Coal Mining Company which is paying Stowing excise Duty on all its Coal Dispatches @Rs.10 per tonne.The Levy of this Duty was covered under Sec.6 of Coal Mines(Conservation and Devolopment)Act,1974.We are also paying Service Tax on input sevices used for the extraction of Coal.

Can we take Cenvat Credit of Service Tax paid on input services and utilize such credit for payment of Stowing Excise Duty paid on output?

Kindly provide clarification .
ThankYou.

MY QUERY IS AS FOLLOWS

I HAVE A HOUSE IN MY NAME IN GURGAON AND FOR BUYING THAT I HAVE TAKEN LOAN FROM BANK AND PAYING INSTSTALLMENTS. BUT I AM RESIDING IN DELHI AS I HAVE JOB AT THERE.

I AM CLAIMING RENT RECEIPT OF RS 8000/- PER MONTH AND RS. 1,50,000/- AS INTEREST ON HOUSING LOAN.
PLEASE CLARIFY ME THE SAME AS MY IT DEPARTMENT OF COMPNAY DENY TO ACCEPT THE BOTH THINGS AS THEY SAID YOU HAVE TO CLAIM ONLY ONLY ONE BENEFIT. PLEAE SOLVE THE QUERRY AS EARLY AS POSSIBLE. WITH DETIAL OF SECTIONS AND CASE IF ANY.

how to convert number in to word(text) in excel?

for Eg. if we type 175 in cell it will automatically come ONE HUNDRED SEVENTY FIVE...

any clue tell me fast

or send me on

chandorkarmb@rediffmail.com

sir,
An individual has a gross turnover from Wholesale trading of Rs39 laks .he is in receipt of Rs 25000 as interest on bank deposits and Rs 80000 as commission for arranging Real estate transactions.
The total of all the above comes to just above Rs 40 lakhs- is it liable to Audit u/s 44 AB ? and also clarify whether the law is very clear on this point
I believe that it makes a lot of difference if the trading activity can be said to be RETAIL as it falls u/s 44AF.

Thank you for the solution -in this case supposing that the interest received is from personal investments such as ordinary bank deposits, the total turnover will be the sum total of 39 lakhs amd Rs 80000 (commission) - in which case there is no requirement of 44 AB audit - will you please confirm

Sir, I am having following doubts regarding gift tax. Kindly clarify.

1. Gift exceeding rs 25000 from non relatives is taxable

a. whether entire amount is taxable or amount exceeding Rs 25oo is taxable.
b. If gifts are received from two or more persons and all of them are less than 25000 individually,and exceeding Rs 25000 in total. Then how it is taxed.
c. Is it applicable to cash only or gift received in kind.

Thanks in advance

my client give services to various customers as a cable operator its gross receipt is as follows
total gross receipt- 729000
less entertainment tax 44600
net gross receipt 684400
whether he is liable to give intimation to the service tax department or not because his total receipts are in excess of rs.700000/- but entertainment tax is govt tax is deductable