Whether the surcharge & education cess on TDS/TCS need not be charged with immidiate effect or 1.10.2008 onward,
or Surcharge immidaitely & cess from 1.10.2008?


Thank You

To my knowledge there are following changes in new 3cd report , namely,
1)clause 12A deleted
2)clause 17(h)(a),(l),(m) deleted
3)clause 25(c) deleted
4)clause 17A inserted
5)clause 21-point II inserted
6)clause 27(b) changed.

plz confirm above changes.

Can I file IT Return for F.Y. 06-07

Thanks in advance

Suresh

What is the meaning of Hedge Funds? Also give some instances.

WE MAKE A EXPORT SALE (USA) OF $106848
BUT IN OUR CURRENCY INVOICE MADE RS.52,67,640/-
& PARTY SEND US A DOLLORS 3 TIMES.
1. ADVANCE $21365 @ RS.49.16 i.e. RS.10,50,284.74
2. AFTER SALE $74786 @ RS.48.73 i.e. RS.36,44,302.29
3. & LAST $10680 @ RS.47.89 i.e. RS.51,14,55.62

NOW AT THE LAST IN OUR ACCOUNT SHOWS OUTSTANDING OF RS.61,598.35

I WANT TO CAN I WRITE OFF THIS AMOUNT?
IF YES, TELL ME UNDER WHICH ACCOUNT HEAD?
IF NO, TELL ME WHAT I DO WITH THIS FIGURE?
TELL ME JOURNAL ENTRY WHICH I WILL USED IN TALLY.

WE MAKE A EXPORT SALE (USA) OF $106848
BUT IN OUR CURRENCY INVOICE MADE RS.52,67,640/-
& PARTY SEND US A DOLLORS 3 TIMES.
1. ADVANCE $21365 @ RS.49.16 i.e. RS.10,50,284.74
2. AFTER SALE $74786 @ RS.48.73 i.e. RS.36,44,302.29
3. & LAST $10680 @ RS.47.89 i.e. RS.51,14,55.62

NOW AT THE LAST IN OUR ACCOUNT SHOWS OUTSTANDING OF RS.61,598.35

I WANT TO CAN I WRITE OFF THIS AMOUNT?
IF YES, TELL ME UNDER WHICH ACCOUNT HEAD?
IF NO, TELL ME WHAT I DO WITH THIS FIGURE?
TELL ME JOURNAL ENTRY WHICH I WILL USED IN TALLY.

MY ARTICLESHIP WILL COMPLETE ON 24 OCT 2010, CAN I APPEAR IN FINAL NOV-2010 EXAMINATION ?

Sir,
Whether the below situation will attract 194C?
Transporting Charges: Rs.27,000/-(single bill to a contractor)
Advance paid Rs.15,000/-
Balance paid after 2 days Rs.12,000/-

Is the payer liable to deduct TDS u/s 194C?

WE MAKE A EXPORT SALE (USA) OF $106848
BUT IN OUR CURRENCY INVOICE MADE RS.52,67,640/-
& PARTY SEND US A DOLLORS 3 TIMES.
1. ADVANCE $21365 @ RS.49.16 i.e. RS.10,50,284.74
2. AFTER SALE $74786 @ RS.48.73 i.e. RS.36,44,302.29
3. & LAST $10680 @ RS.47.89 i.e. RS.51,14,55.62

NOW AT THE LAST IN OUR ACCOUNT SHOWS OUTSTANDING OF RS.61,598.35

I WANT TO CAN I WRITE OFF THIS AMOUNT?
IF YES, TELL ME UNDER WHICH ACCOUNT HEAD?
IF NO, TELL ME WHAT I DO WITH THIS FIGURE?
TELL ME JOURNAL ENTRY WHICH I WILL USED IN TALLY.

WE STARTED PVT. LIMITED COMPANY FOR COMPUTER SOFTWARE DEVELOPMENT ON 01/10/2007 FOR WHICH I HAD MADE EXPENSES FOR REGISTRATION OF COMPANY AND OTHER LEGAL EXPENSES FOR RS. 15000/- OUR AUTHORISED CAPITAL IS RS. 100000/- HOW MUCH WE CAN BOOK PRELIMINARY EXPENSES FOR THE YEAR 2007-08. WE THINK 5% OF THE AUTHORISED CAPITAL IN FIVE EQUAL INSTALLMENT.IN OUR POIT OF VIEW RS. 3000/- WIL BE DEDUCTED FOR THE YEAR 2007-08 . ARE WE RIGHT ?