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.

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

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

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 ?

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 %