When we are sure that 10% deemed income is greater than Gross total Income irrespective of Unabsorbed depreciation is deducted from GTI OR not..

eg..
TAX

GTI 1,00,000 - 30% - 30000

DEEMED INCOME 3,50,000 - 10% - 35000

WE STILL have unabsorbed dep for 1,00,000..

my question is,

1. now should we deduct unabsorbed dep from gti and pay tax u/s 115jb or

2.we may keep unaborbed dep as carried forward benefit itself and pay tax u/s 115jb.

since we are going to pay tax anyway as per 115 jb can we adopt the 2nd case since it ll give benefit to us in future by carry forwarding

Whether TDS has to be made on air-freight payable to an airlines by a clearing & forwarding agent? and if yes, under which section & at what rate?????

Respected Madam/Sir,
Please advise me regarding the following
matter..
Iam a PCC student having attempt for PCC Nov-09.I have registered for the articleship in April-08,which is the commencement month of my articles.I have recieved all the related documents of articles from the institute.But i hav registered my articleship only for a period of 15 months being unaware of the duration which is three & half years.So is it possible for me to extend the articleship tenure?? what is the procedure for it??
Plz help me....

Awaiting for a quick response.

Our supplier have given us 1 month's credit for the goods. We have given him payment after 3 months , so he has charged 2 months interest & we have paid this. whether we are liable to deduct tax onthis interest payment. interest amount is more than 2 lacs Rs.

MAT CREDIT AMOUNT DETERMINATION?

33.99% - 11.33% ? OR

30% - 10%?

if supporting case law. pls provide it too

A proprietorship firm providing entertainment services raised 4 bills for fee aggregating rs. 20 lacs and service tax thereon rs. 2.5 lacs (approx.) in F.Y.07-08.Entire 22.5 lacs was realized in F.Y.2007-08 itself. It credited rs. 20 lacs to profit & loss account and showed service tax rs. 2.5 lacs payable on liability side of balance sheet.It failed to pay service tax liability till filing of Income tax return due date i.e. 30th Sept. 2008. my query is
Since service tax is not routed through profit & loss account of the firm ,is the outstanding service tax amount (which is realized but unpaid till return due date )is liable to be added to taxable income u/s 43B.if yes, under what proviso ?

is loss due to error & ommission in share trading a business loss? Error & ommission can be due to wrong execution of trade by terminal operator, trade disput with client,punching error,etc

Are there any Case Laws to support

In a respective case original assessment order was passed by the A.O. u/s. 144 of the I.T.Act after making certain additions.Assessee appealed to CIT(A) wherein the additions of ITO were confirmed.Then assessee appealed against this order in ITAT.ITAT then following the principles of natural justice set aside the order and restored it back to ITO stating that order should be passed after taking into account relavant facts and considerations.But assessee failed to attend those hearings also and the date kept on adjourning.Finally ITO confirmed the earlier additions and passed the order u/s.144 r.w.s.254 of the I.T. Act,1961.What option does assessee have now?

If C Forms are not received then what is the differential tax. From 01.04.2007 IF Local Rate is 4% then differential tax is 1% (i.e. diff in local rate and CST rate). If local rate is 12.5% then differential tax is 9.5% (i.e. differece in 12.5% and 3%)...Please confirm whether above calculation is correct or otherwise what is the differential liability....

What is Section 441A.What is the implication of Sec.441A. And whether it is necessary to show this clause in the audit report even if this sec does not apply to the company under audit