Rahul
21 March 2009 at 17:27

Icome tax Return

An assesse who has failed to filed ROI for the Assessment Years 06-07, 07-08,& 08-09 can again file the same in A.Y.09-10?

Also if the income of such person in all above mentioned A.years is below the taxable limit then whether he should liable to file return of respective assessment years?


Karan Ranka
21 March 2009 at 17:21

Chargability of Service Tax

Dear Sir,
If i have provided a service on 24th Feb (a day before the ammendement in the rates) wat will be the rate of service tax on such service and within how much period should i raise the invoice... Pls provide me the relevant sections for the same


CA.NAKUL GUPTA
21 March 2009 at 17:19

TDS AND SERVICE TAX ON RENT

SEC.194I TDS AND SERVICE TAX CHARGED ON RENT
FOR E.G. 100000 RENT PLUS 12.36% S.TAX I.E.12360 AND 112360 SO TDS MUST BE CHARGED ON 1 LAKH OR ON 112360? AND WHY?
EXPLAIN LOGICALLY?

PLEASE CLARIFY?


Murtuza Contractor
21 March 2009 at 17:16

capital gains

An assessee is engaged in the business of operating trucks and computing his business income as per section 44AE of Income tax Act,1961 and also not liable to maintain the books of account as per the provisions of section 44AA of the act.

During the year 2001-08, an assessee has sold 2 trucks out of his 6 owned trucks after 4years of its original purchase. Is capital gain on sale of the 2 trucks laible to tax during the year and if yes,

1. Whethe block method of depreciation and computaion of short term capital gain in that accordance applicable to it?

2. Whether it will be treated short term or long term capital gain and indexation of cost is allowed for the same?


deepak
21 March 2009 at 17:09

Incoem Tax Return

Pls tell me the address of Ward 15(2)(3) or mum/w/952/3 in mumbai

pls share information how to find ward where to file income tax return of an individual in mumbai - Any List in excel


Nitin Khandelia
21 March 2009 at 17:04

Hire charges

Hello,
advise which type of tax(VAT or Service tax) charge on Rent of Laptop..
give provision reference to the result.whether its covered under deemed sale and charge VAT.or it cover under service rule and charge the service tax for the same


varsha
21 March 2009 at 17:03

Interest on service tax

Can interest charged on service tax paid be claimed as a deduction from the profit of the business in the year in which it is paid? If not , what is the usual accounting treatment?


Deepak Manjrekar

Dear Member.

Expences paid in the mode of cash in an inevitable situation whether allowed or disallowed.

Pls Give Us Your opinion In the view of Income Tax Act


MAYUR DAVE
21 March 2009 at 16:49

Interest u/s 220(2)


Interest u/s 220(2) of the I.T.Act can be levy in the case of Asst. made u/s 158BC i.e. Block Assessment ?

If yes which will be effective date calculation of interest
1. date of Assessment order
2. date of CIT (A) Order
3. date of ITAT Order

If no, kindly advice me according to which Notification / Circular interest u/s 220(2) can not be levy in the case of Block Assessment


Please advice me at an earliest as its very urgent

With Regards


Sneha
21 March 2009 at 16:46

TDS ON SECTION 194 I

From when circular 4/2008 dated 28/04/2008 i.e excluding service tax from rent applicable?






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