can any one tell me about sending the return of income tax to benglore

For Audit, what should i prefer...?

WE HAVE DEDUTED TDS ON A VENDOR FROM 01-APR TILL 31-MAR-09 AND AS WE HAVE MADE PAYMENT TO THE GOVERMENT ON 7th OF THE FOLLOWING MONTH AND FOR 31-MAR WE HAVE PAID ON 30-MAY , HENCE WOULD LIKE TO KNOW HOW TO ISSUE TDS CERTIFICATE, BECAOUSE AS PER THE LAW, IT IS TO BE ISSUE WITH 30 DAY FROM THE END OF THE FINANCAL YEAR, SO DOES IT MEAN THAT I HAVE TO ISSUE TWO CETIFICATE ONE FROM 01.04 TO 30.03.09 WITH ISSUE DT. BEFORE ONE MONTH FROM THE END FOR FINANCAL YEAR AND SECOND CERIFICATE FOR 31.03 WITH ISSUE DT 31.05.09
(Mr. Dashrath Maheshwari my e-mail id is atulamin@rediffmail.com kindly forward me the notification)

THE ASSESSEE WHILE FILING INCOME TAX RETURN WRONGLY TOOK BENEFIT OF EXEMPTION U/S 54 i.e. INVESTMENT IN NEW PROPERTY WHEN THE ORIGINAL ASSET WAS NOT HELD FOR MORE THAN THREE YEARS. DURING THE ASSESSMENT PROCEEDINGS U/S 143(2) THE INCOME TAX OFFICER POINTED THIS AND TOOK THE CAPITAL GAIN AS SHORT TERM. ACCORDINGLY, THE DEMAND WAS PAID BY THE ASSESSEE.

NOW THE INCOME TAX OFFICER HAS INITITAED CONCEALMENT PROCEEDINGS U/S 271 (1)(c) OF THE ACT.

I WOULD LIKE TO KNOW WHETHER ABOVE TRANSACTION WILL AMOUNT TO CONCEALMENT OR MERE CLASSIFICATION UNDER WRONG HEAD OF INCOME. WHAT ARE THE CHANCES OF SUCCEDDING IF ASSESSEE GOES IN APPEAL ?

I have committed one mistake.While depositing the tds for apr & june for the a.y 2010-11,i have mentioned in the challan a.y 2009-10.I have deposited the same challan in the bank.What should i do now,to rectify the mistake i have committed.Plaese help me bacause i have to file the 1st quarter return which due date is 15th july for a.y 2010-11.

thanks in advance
ranjit
ca final

Dear all,

one of my client doing business of Commision & Brockrage.Till the date we filled TDS Return is annually but now in 2009-10 quarterly NIL return is mendetory for all assesse so please let me know proccedure to file NIL return & which form is require to file.


Bhavin N.Kanabar

i have salary income of rs.480000 and
other professional income of rs.170000 so can i show both of this income and file my tax returns. what are the tax and legal implications? how to save TDS of professional income or any other way in which i can save my tax liability....

In IT Reckoner (Taxmann), it is given that Sec 40 A(3) is also applicable in case of purchase of depreciable Fixed Assets. is it true? If yes, will the asset not be added to the block of asset ? or else what shall be the treatment ?

What is Minimum Alternate TAx

Income Tax Impact on Minor Beneficiary Trust. Is the trust as to pay any tax and what will be the slab rate