An Employee who travelled in Nov 08 and Jan 09, wishes to claim his LTA for both these travels as he did not claim any LTA earlier. Can he claim both these in the FY 2008-09 since both these travels occur in the same F.Y., but, in different calender years, if the LTA Allowance suffice the total of two trips?

Can a company (which previously inflated its income) claim a refund of taxes already paid on its inflated income for all the earlier years?


what shall happen in case of an individual

My query is :
My client has a service tax registration number with a proprietorship firm let us assume "ABC". Now, he wants to close that service and add a new service but with a different proprietorship firm name. However address remains the same. Can I filed ST-1 as amendment in existing information or I have to apply for a new registration? Actually client dint file service tax return yet for few years and through amendment, procedure of surrender can be avoided.

hey frens i need your help

is there anybody who can teach me income tax- pcc.

i m refering v.k.singhania. but i m not able to remember the sections and provisions.

let me know the way how to secure good marks in income tax.

as now only 75 days r left and i m finding problem with tax. ..... help me guys..

Please explain the case law of CIT v. Century Building Industries P.Ltd (2007) 293 ITR 194 (SC) in detail.My question is why the Company has to deduct the tax on interest?

Please explain the case law of CIT v. Century Building Industries P.Ltd (2007) 293 ITR 194 (SC) in detail.My question is why the Company has to deduct the tax on interest?

Dear Sir/Madam,

If an assessee pays excess of advance tax over total tax liablity i.e Rs. 8000 (advance tax paid) - total tax liablity for the financial year Rs. 6000, then can the assessee claim refund for Rs. 2000/-.
No Tax is deducted at source (TDS) of his from any deductor during the financial year.
Further, please help me out which section of Income Tax Act,1961 shall I refer ?

Hi , I would like to have openion on the following query.

my brother has sold his residence in this financial year for profit. He bought that one year back. He is having another residence in different city and also planning to sell it. the time for holding this second property is 32 months approx.the date of sale will fall in FY 2009-10 Financial year. He already acquired one new flat. What will be the tax implication in this case?

Cheque issued on october 10 2008 but still not presented as on april 25 2009 and the balance sheet has not been signed ,whether the same shall be treated as stale cheque.

hi all,

my client is in computer business. he buys and sells software license. vendor charges vat and service tax both on the invoice price of software license. now, the question is whether tax is to be deducted at source on the said transaction.

Will it make any differnce if the professional from vendor visits end user and provides some installation, demo etc at the instruction of my client.