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Keerthilakshmi B R
25 May 2009 at 10:47

Residential Status

If a person has gone on Deputation from India to abroad, will he be able for 182 days criteria or 60 days criteria?

Thanks in Advance...


nitin gulati
25 May 2009 at 10:33

Filing Of Return

Return of income/ fringe benefits can be furnished in any of the following manners:-
(i) furnishing the return in a paper form

(ii) furnishing the return electronically under digital signature

(iii) transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V;

(iv) furnishing a bar-coded return in a paper form
PLEASE CALARIFY THE(iv) OPTION.WHAT IS BAR CODED RETURN
&
WHETHER ITR-V IS SEND TO BANGLORE ONLY .
IF YES.
HOW THE ACKNOWLEDGEMENT WILL BE RECEIVED IF RETURN BEARS NO EMAIL.


sampad mohanty
25 May 2009 at 10:33

HUF

SIR/MADAM
LAST INCOME TAX RETURN WAS FILLED FOR A HUF WAS MORE THAN 10YEARS. KARTA FORGETS THE PAN NUMBER. AS THE TOTAL INCOME IS MORE THAN RS.150000, THE KARTA WANTS TO FILE INCOME TAX RETURN.

THE PROBLEM IS THERE IS NO PAN NO. THEN HOW THE PROBLEM CAN BE SOLVED ?

THANKING YOU
SAMPAD MOHANTY


Kashyap Joshi
25 May 2009 at 10:09

House Propery & HRA

Suppose a person books a house,which is under construction and the possession will be given in DEC. 2010. There is an agreement to sell. (Down payment for booking being Rs 4 lacs).

Now, till DEC. 2010, the person stays in a flat from 1st April 2009 to 30th Nov.2010, which is hired by him (rent being Rs.10,000 /- p.m.) and the company pays Rs.12,000/-. p.m. as HRA.

Loan from bank (Rs 24 lacs) is taken on 1st Oct. 2009 @ 10% p.a.

1) How the Total Income will be computed for A.Ys. 09-10 and 10-11 ? (Assume salary is Rs. 35,000/- p.m.).

2) Also, if in the case of the flat taken on rent, the deposit amount of Rs.30,000/- and rent is paid in cash, can the benefit be claimed in IT (is it sufficient to show the agreement) ?


Kashyap Joshi
25 May 2009 at 10:03

House Propery & HRA

Suppose a person books a house,which is under construction and the possession will be given in DEC. 2010. There is an agreement to sell. (Down payment for booking being Rs 4 lacs).

Now, till DEC. 2010, the person stays in a flat from 1st April 2009 to 30th Nov.2010, which is hired by him (rent being Rs.10,000 /- p.m.) and the company pays Rs.12,000/-. p.m. as HRA.

Loan from bank (Rs 24 lacs) is taken on 1st Oct. 2009 @ 10% p.a.

1) How the Total Income will be computed for A.Ys. 09-10 and 10-11 ? (Assume salary is Rs. 35,000/- p.m.).

2) Also, if in the case of the flat taken on rent, the deposit amount of Rs.30,000/- and rent is paid in cash, can the benefit be claimed in IT (is it sufficient to show the agreement) ?


Sitaram
25 May 2009 at 09:50

UTN

Hi
It is Compulsory to Put UTN for the F.Y.2008-09 if yes then if a person dont put That what will be penalties or Fine


Wating for Reply

Sitaram


RAM SAINI
25 May 2009 at 09:31

RG-1

we are manufacturar exporter

i want to know that is it mantadery to maintain stock register RG-1 for maintaing the stock staus as per excise rules


Dinesh
25 May 2009 at 08:35

Service tax for SEZ

Hi,

recently service tax for sez in eleminated for services which is being used inside SEZ. Now, do we need to pay service tax for CHA services?


Rajesh A M.com,MBA,ACS,LLB
25 May 2009 at 07:44

accounting VAT refund

Dear sirs,

we are declaring VAT paid on local purchases as advances & Deposits - Assets since the sale is zero rated ( only exports & no local sales ) and will get back the VAT from Dept as refund under TNVAT Act.Now the doubt is when we get the refund by cheque, the accounting entry reducing the advance and Deposits account will be enough or the receipt should be separately recognised as income under Income Tax Act in P&L.If so, how to pass entry?


CA Kripa Sah
25 May 2009 at 03:24

Qualified Institutional Investors

sir,
pls explain the term Qualified institutional investors and retail investors...






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