vish
22 June 2009 at 15:57

Filing of return

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


CA. Hemanth Kumar.
22 June 2009 at 15:50

Section 54 exemption :

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.


Chandresh Pitroda
22 June 2009 at 15:47

Part Time Practise

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

As far as i know one can not.

Plz confirm.


mayank
22 June 2009 at 15:47

tds refund

what is the procedure for claiming refund of tds in case a person does not have PAN.


ravinder singh rawat
22 June 2009 at 15:24

Foreign Payment

Dear Experts,

I have to do make a payment to a client who is providing a Designing & Planning service to our residential project. Payment invoice is 10000$USD. It is my first time making such kind of payment. Kindly explain me in detail what’s procedure I have to follow for making such king of payment, taxes are in our scope. Please provide in detail so I can understand such kind of payments.

Regards
Ravinder


MAHESH
22 June 2009 at 14:59

broadcasting services

One of my client rendering broad casting services. to advertise in his channel, he is using the services of ad agencies.

My query:

The agency is recieving the commission from the customer directly and paying the remaining amount to my client. Suppose if the totak cherge for broad casting is Rs.20000 then his commission is 15% i.e3000. the agency is recieving 20000 from the ultimate customer and paying 17000 to the channel(my client). is service tax is to be charged on 17000 or 20000 ?


swapna
22 June 2009 at 14:48

late payment of TDS

I have not paid the TDS for the month of april and may till date because while making of online payment form 17 is no showing then my querry is how can i make the payment is there any int chargeable if yes what %


subrahmanyam

Dear sir
I have cumulative deposit with a nationalised bank. I will get interest amount around Rs 3 Lacs by 2011. I am informed that, under provisions of section 194(a), the bank need not deduct tax till payment is made. I have no other income. My question is.

Can I file return with income tax department showing interest on accrual basis and pay applicable tax every year from now on marcantile basis?

Or Shall I have to wait till the deposit is matured and tax deduction certificate is recieved by me. At that time income pertaining to 3 years will be taxed in one single year.

Please advise

Thanks and regards

Subrahmanyam


Manasa Ranjan Samal
22 June 2009 at 13:58

Bank Figure in Balance Sheet

Madam/Sir
On dtd.31.03.09, the balance of a bank is Rs.47589554.37 but in the 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 (i.e., the figure of Bank Statement or Computer). Plz. reply.


PANKAJ MISHRA

Sir,
We are having regn. of service tax in the head of
1 Renting of immovable property services and
2 Maintenance and repair serive
Now we are charging rent on generator services of one tenant of commercial office in our building.
Can we issue service tax invoice by using the same regn. number or there are any other head of service tax registeration required for raising rent bill for generator.

regards






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