A Public Ltd., company registered in 1994 has not submitted IT return till now since no business was commenced - ROC nil annual return has been filed. Is it correct or whether the company has to file with IT.If yes for how many years it has to file?( 6yrs or for full 13 yrs.)

Hi its me Ahsan Mansoori,

A trader in goods, issue sales invoice along with freight amount included in the same, can the customer deduct TDS on purchase freight paid on such sales by trader,

If yes whether the payer of such freight should be a non individual(i.e)company or Firm.

and for which freight payment should be more than Rs.20,000

In a NBFC company, at the General Body Meeting the accounts were adopted. The profits were transfered to the Reserve. But the company had failed to maintain the Statutory Reserve to be maintained at say 15%. Now if the company wants to recreate the satutory reserve, what is the course available?

what will be suffecient proff for the rent received for the Agriculture Land which is used for Agriculture Purpose. (2) if a person sells his Agriculture produce to the consumers directly how can he prove that receipts are from sale of Agriculture produce.

Respected sir,
if X is a Individual he has two sons say A & B. X is owner of a house property . a bank has sanctioned a House loan on the aforsaid house for renovation purpose of Rs. 5 lacs in the joint name of Mr. X , A and B ., and issued a DD of Rs. 5 Lacs in Favour of Mr. A . now Mr. A withdrawl Rs. 5 Lacs in Cash and utilize the money for renovation of house. Now mr. A is paying EMI( Installment + Interest) through cheques to the bank for repayment of loan. now how the balance sheet of Mr. A and Mr. X will be Prepared to show the outstanding loan and capital addition in the value of the house property. please tell me also that if any of the above person can take the benefit of interest payment on loan for the rent received on the house property.

if someone show his share (Delivery) basis as the business income,(there was loss)in last year. now in current year this income/loss can be shown as investment.

we deducted tds from party, but not deposited into bank. (deducted on 10-12-07).

party showing "Certifiate u/s 197(1) of the IT Act,1961 authorising non-deduction of Tax at source (on 12-12-07)

Now, we are paid the tds (deducted amount) to party or any thing?

please tell me the solutions immediately sir.

Dear Sir/Ma'am,

I am preparing for May 08 exams.Request you to pls. provide me the soft copy for preparation of the MAFA Theory (important & expected questions)as well as Problems & Solutions for MAFA.

Pls. help and oblige!!!!

Pankaj_1512@yahoo.co.in

From 01.01.08, is it necessary to pay all taxes i.e. TDS, Advance Income Tax, Advance FBT ... etc through on-line by compay assessee? Kindly let me know about the notification number, date ... etc.

when the refundable deposit with the owner gets adjusted with the last month rent, tenant can not able to deduct tax at source

what is the treatment for the above