During audit of a PSU i found on certain expense (payment exceeding Rs 1 crore), TDs has been deducted @ 2.6%. Surcharge though applicable but was not deducted. Tell me consequences as the last date for deposit of TDS for FY 2009-10 i.e 31st May, 2009 has been passed.

The interest on Housing Loan for a residential flat (under construction & possession is not given by Builder) can be claimed as a deduction within limit of Rs 1,50,000/= ?

The principal re-payment can also be claimed as deduction ?

Hi

Our Company got incorporated one month back as Private limited Company and is in the business of IT enabled services. Very recently we entered into a contract for exporting service. Since there is uncertainity of STPI extention we did not go for registration of the same. In light of the above Could anyone provide information on

1. Relevant Form to be used for filing our
export receipts

2. Where to file it

3. And the time limit and documents to be
filed if any along with it

Appretiate some immediate info on this

IF A PERSON DIDN'T FILE HIS INCOME TAX RETURN FOR MORE THAN 3 YEARS & FILE ALL THREE YEARS RETURNS IN ONE YEAR ONLY. WHAT WILL BE PENAL ACTION AGAINST HIM???
HE IS BELOW INCOME TAX SLAB RATE. PLZ SOLVE MY QUERY... THANKS

SIR,
WHAT IS THE DIFFERENCE BETWEEN TAX INVOICE & RETAIL INVOICE ?

CA Final results june 2009??

what is differnce between Revenue and Income according to ICAI standerds and his guidelines.

sir i am planning to start a web based and sms based service by forming pvt ltd company


will i be liable to service tax as for providing sms based services about the prices of commdity or shares

for this service will i be liable to any other taxes

thanks to all for providing a great platform


sir i am planning to start a web based and sms based service by forming pvt ltd company

thinking of 1 lac as paid up and 3 lac as authroised and my company name will hv systems or solutions in name

is there any rule if i use this words solutions or systems in my co name authroised capital should be this much ... ex: (india as a part of name autroised must be 5 lac)