Madam/Sir
On dtd.31.03.09, the balance of a bank in Bank Statement is Rs.47589554.37 but in our computer it shows Rs.46037430.17 a cheque of Rs.1552124.2 deposited in bank but not cleared which figure will show in Balance Sheet in the F.Y. 2008-09 (i.e., the figure of Bank Statement of Rs.47589554.37 or Computer figure of Rs.46037430.17). Plz. clarify with example.

AS PER LATEST CIRCULAR THE ASSESSEE WHO IS FILING THE RETURN ONLINE FOR AY 09-10 WITHOUT DIGITAL SIGNATURE NEED TO POST THE ITR V TO BANGALORE ONLY.

MY QUERY IS CAN WE FILE MORE THAN ONE IE., BUNCH OF ITR V OF ALL THE CLIENT ASSESSEES IN THE SINGLE ENVELOPE.

we have exported a material under rebate claim.we dabited the duty from cenvat register

now we don`t want to claim the rebate from excise because we have got the drawback from the same shipment

we have submitted the proof of export with the excise department within the statuatory period

now can we revert back the excise duty amount to our cenvat register which we dabited at the time of export

pls advice

Thanks & regds.
RK Saini

Documents Required For Return Of Allotment
Procedure

I am emplyoed from Nov 2008 .No TDS was deducted upto March 2009 , because my taxable income was not coming upto the taxable limits.
Now my Question is Whether form 16 is necessary to be issued to me .

IF a Manufacturing Unit has purchased New Plant & Machinery during the Financial Yr 2008-09, then Depriciation over the same will have to be charged at what rate under Income Tax Act and under Companies Act? Will the provision of Additional Dep applicable over it? WIll it be mandatory or optional?

sale value is 145000.
as per co act wdv of car is 121000.
as per it act wdv of car is 115000.
than what should b the capital gain will be shown in computation and y?

I have been issued a PAN card from Mumbai. Now I plan to settle down in chennai. Where should I file a IT return in mumbai or chennai?
Also can I file the return online?

Thanks in advance for any replies

Please update me on the following issue.
I had a Long term capital gain (on transfer of Residential house) during F.Yr 2008-09, However since i bought a new residential house during 2008-09 at a cost which is more than my Capital gain during 08-09 i need not pay any tax on CG. Now If i sell another residential house during F.yr 2009-10 & if that results in Long term capital gain, can i claim the difference amount (F.yr 08-09 Cost of new asset - Capital Gain exempt)as exemption u/s 54 during F.Yr 2009-10. (Since section stipulate the date 1 year backward & 2 year forward. Kindly update me.

Regards,

Hemanth Kumar.

Whether part time practise is allowed while doing a job in a private company??

As far as i know one can not.

Plz confirm.