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SACHIN
01 June 2009 at 17:26

Return File

I have lot of returns file by e-file.
which site to one user id to file so many returns e-filing ?


aniket
01 June 2009 at 17:16

TDS on Rent

Dear All,

If i paid rent Rs 120000/- pa

then tds required or not


aniket
01 June 2009 at 17:14

TDS on Rent

Dear All,

If i paid rent Rs 120000/- pa

then tds required or not


CA Mayur Sojrani
01 June 2009 at 17:12

Dividend From Capital Reserve

Helloe Friends
My Query is
Can Dividend Can be Distributed From Capital Reserve ?
If Can Be Declare States the Circumstances as per the companies Act ,
1956 , under which it cac be declared or not?


CA GAURAV BHATIA
01 June 2009 at 16:48

Section 40A(3) of Income Tax Act

If a company made advance payment to his emloyee in cash for Rs.3 Lacs, Employee deposited this sum in his personal account and made payment for expenditure exceeding Rs. 20000 on behalf of company through account payee cheque from his personal account.

Whether Provision of section 40A(3) shall apply to company? or expenditure will allow to co.?

Please comment……..


P.S.VISHWANATHAN

ONE OF MY DIRECTORS HAD FILED(WOMAN) HAD FILED HER RETURN FOR THE ASSESMENT YEAR 2006-07. Declaring her income as Rs.2,28,000.00 which also included capital gains(indexing) of Rs.83,000.00 . The tax was paid by her in normal rates as applicable to an individual.

During the assesment the income was arrived at Rs.2,91,971.00. Since special rates was imposed on capital gain,she was required to pay only Rs.7,600.00 as additional tax which was duly paid.

In the penalty proceedings however, the ITO HAS IMPOSED PENALTY OF RS.21,522.00 ON AN ADDITION OF RS.63841.00 (100% OF TAXSOUGHT TO BE EVADED ON THE ADDITION).
MY QUERY IS WHEN THE ADDITIONAL TAX ITSELF WAS RS.7,600.00 ON THE COMPLETION OF ASSESMENT SHOULD THE PENALTY ALSO NOT BE IMPOSED ON THIS TAX ONLY?


Kalpana Kanduri
01 June 2009 at 16:28

TDS on Foreign Services

Dear Experts,

Whether TDS to be deducted for the payments made to a Foreign co. for the services rendered by them outside India?

These are Repairs and Maintenance of Aircraft which are used to fly in India.

Please help me out in this issue.


Ami
01 June 2009 at 16:01

Hi Please guide............:)

Please Guide .....
1) If Salary of a month is not paid & will be paid in next month mid is it required to book the expenses in the previous month i.e. normally I book the expense of May in May itself Salary...Dr To O/L Salary & when pay O/L Salary to Bank but if in May i donot pay salary & pay in mid of June or July the salary of May is it necessary to book in May if yes it it necessay to pay its TDS before June 7 Please Answer.....
2) If the Company has given Corporate Credit card to the Director for the expenses & if my mistake he uses personal credit card then should he be repaid ?
3) If director purchases a Shoes , water bottel, books & camera from company credit card under which expense will it come.
Awaiting reply
regards
Ami


Kamal Bisht
01 June 2009 at 15:52

PF-Maximul limit

What is the maximum amount on which PF is to be deducted?
Suppose if a person getiing basic salary 1lac, is emplyoer liable to deduct/contribute Rs. 24000/-toward pf amount(12000-employee+12000/-employer's contribution)?


Guest
01 June 2009 at 15:28

EXAMINATION

HI
I WANT TO KNOW THE LAST DATE FOR REGISTRATION FOR THE PCC MAY ' 2010 ATTEMPT, I AM REGISTERED OR MY TRAINING PERIOD STARTS FROM 1ST NOV 2008, SAME I HAD WRITTEN IN THE REGISTRATION FORM COMMENCEMENT OF TRAINING PERIOD FROM 1ST NOV 2008,, I WANT TO KNOW WHETHER I ABLE TO WRITE THE MAY 2010 ATTEMPT OR NOT ....MY FRIENDS TOLD ME IT SHOULD BE BEFORE OR ON 31ST OCT 2008 SO PLZ ADVICE ME IT IS TRUE....






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