in the finansical year 2006-07 total turnover is rs 50 lakhs tds is deducted & paid but in financial yers 2007-08 total turnover is less than rs 40 lakhs & income is presumtive income u/s 44AD cotractor 8% net profit is shown whether tds provision is applicable or not in the f y 07-08 & 08-09

is it compulsory to made payment of all type of taxes through net banking for F.Y. 08-09.

Thanks & Regards,
Mahendra

CAN ANYBODY TELL WHERE THE CAPITAL ADVANCES ARE SHOWN IN BALANCE SHEET. SOMEBODY TOLD ME THAT IT IS SHOWN IN CWIP, BUT WHERE IT IS WRITTEN

A building co-owned by two people is given on rental basis for Rs. 1 lac p.m. Is the exemption available to both of them separately or the service tax is payable as AOP.

Further,the AOP can avail the exemption of Rs. 10 Lacs since in the previous year it rental income was below 10 Lacs

whether expenses can be claimed in previos year, if tds deposited after 7 April along with interest. As we know tax deducted on 31st March can be deposited by 31st May and expenses can be claimed during previous year.

can a public limited company give unsecured loan to a private limited company as well as charge the interest on the same if the said public limited comapny has shareholding as well as representative at the board in that private limited company?

Regards

Shruti Agarwal

If a company reimburses the conveyance of the candidates called for the interview, which are recorded under Recruitment Expenses, then is it liable for FBT????
Please send me your opinion or if anyone can forward me the relevant section from the income tax act for this particular query.
Thanks

hello every body..
i wanted to know the time limit to hold a first board meeting.

Suppose I have fixed deposits of Rs.1,00,000.00 On 1/06/2007. For one year i.e. matured on 31/05/2008. The interest is Rs. 8000.00 then what would be the taxable amount in A.Y 08-09.

1). Suppose I purchase a fixed asset worth Rs.1,00,000.00. And make the payment of Rs. 50,000.00 in case, state whether provisions os Sec. 40A(3) gets attrected.
Also explin the provisions of this sec. i.e. payment exceeding Rs. 20,000.00 for the A.Y. 07-08, 08-09, 09-10.i.e. the difference.

Suppose I make payment exceeding Rs.20000 On a single day but not at the same time but different time which does not exceed Rs. 20000 the what would be the answer for the above Assessment year.