In the case of an individual assessee the ITO has passed a protective assessment with tax demand. Can the ITO take recovery proceedings against the said demand.

Ques 1 - Whether SCN under section 144 can be issued after the due date of filing ROI u/s 139(1)
OR
A.O. has to wait till the expiry of time limit of Sec.139(4) ?

Ques 2 - What will be the First date on which the A.O. can issue the SCN u/s 144 ?

Hi,

I am a recently qualified CA, i dont have any knowledge about the introduction and implication of IFRS. Please tell me something in brief about it, so that i can face questions which will be asked in Campus Interviews. Its urgent Campus will start from 17th sep'08. Please help!

Regards,

Sameer
CA.

could you let me know whether tax is to be deducted on the payments made for the software developement charges as a professional/consultancy charges u/s 194 J or as a contract u/s 194 C.the company has given a contract for the developement of the software which is not an appication software.

Dear Member,

I would like to know whether a trust registered under section 11 running a education institute (School )can file its return under section 10(23C)

It has been filing its return under section 11 from past 15 year and so........

In the current year its not able to satisfy the condition of 85%/15% of income should be expended.

So we are deciding to file the return under section 10(23C) since it is running an educational institute and its turnover is not greater than 1 Crore.

IS THE STEP TAKEN BY US IS CORRECT OR WE shld FILE the return under section 11 only and not under 10(23C).

Pls help..

And also provide some referene to circular or note supporting the write up so that i can substantiate it ..
Regards
Ankitha

amount paid for books & periodicals every month is chargeable to tax for employees?
and also if amount is paid for hard & soft furnishings are they taxable?

we are following AS-19. so expenses incresed due to this will included in the calculation of asvance tax or not

plz tell me if employee not clain therir PF so what happen of the amount of PF.

we have to transfer it to another fund ?
what is the time limit for t/f if PF unclaim ?
or what other option for this tratment of this PF?

I wanted to know whether Car Emi and Laptop Emi paid to Employees are taxable in their hands?and is car emi is included while calculating FBt for that Co.

URGENT

if any partner reitre from firm after 30 years, if we create goodwill and pay for his services redendered for long time and pay to him according to their profit share ratio. and firm have no fixed assets.
is this amount allowable/admissible in Income tax act?
kindly give suggestion/treatment as per sections and sitations etc
pl reply asap.