p.hepsiba
07 March 2008 at 13:02

govt.securites

is tax leviable on interest received from G.O.I 23 by urban co-op. bank ltd?


Akhil Gupta
07 March 2008 at 12:48

Claim of HRA Receipt

Fact: My wife has taken a house on rent against which she has no rent agreement from the land lord. I have taken that house on sub rent from her without any sub rent agreement and as per mutual understanding I am paying the rent Rs. 2100/- to the actual landlord and balace Rs. 5000/- in cash. And as she has no other income she did not file ITR.

Query: Whether I can claim Rs. 7100/- as Rent Receipt on the basis of above fact?
Whether I had to prepare a sub rent agreement for claiming rent receipt?
Whether such income will be clubbed in my income?

Please explain.


Rajkumar Maheshwari

I want to submit my Income Tax Return Form No. ITR-4 [ with I.T.Dept. ] for the A.Y. 2007-2008. It is necessary to attached relevant certificates i.e. [ Lic Commission Certificate, Salary certificate, Housing Loan Certificate ] with ITR-4 TO I.T. Department.


kumar
07 March 2008 at 11:21

Tax Deducted at Source

Can any one send me the detail rates of TDS on various cases


kuldeep
07 March 2008 at 10:47

valuation of service tax

please explain Rule 5(2) of service tax valuation with example


Anil
07 March 2008 at 10:43

ESI - Admin. Charges payable


Does employer need to pay ADMINISTRATION CHARGES charges to ESI departement along with his contribution of 4.75% of wages and 1.75% of employee contribution ,like he does in case of PF payments? If yes, what percentage of total wages has to be paid as administration charges. Challan No.1 which is used for payment of ESI dues has no provision to show administration charges. How does one deal with it?




Sarvesh Mani Tiwari,CFA(ICFAI)
07 March 2008 at 10:12

Fileing Return AY2008-09

What is due date Fileing Return AY2008-09 for Company 30 Sept or 31St Oct


CA SHARAD SINHA
07 March 2008 at 09:31

CREDIT FOR TDS DENIED U/S 199

AO HAS DENIED CREDIT FOR TDS IN THE RETURN OF INCOME OF PARTNER OF THE FIRM ON THE BASIS THAT THE RELATED INCOME WAS NOT OFFERRED TO TAX.THE FACT REMAINS THAT THE ASSESSEE PARTNER(INDIVIDUAL) OF A PROFESSIONAL FIRM CLAIMED CREDIT FOR TDS ON AUDIT FEE RECEIVED FROM A GOVERNMENT COMPANY WITH WHOM THE AGREEMENT WAS IN THE NAME OF THE PARTNER AND NOT ON THE FIRM'S NAME. FEE CHEQUES WERE RECEIVED FROM THE CLIENT IN THE NAME OF THE PARTNER AND THE FEE WAS ACCOUNTED AND OFFERRED TO TAX BY THE FIRM IN IT'S BOOKS OF ACCOUNTS BY DEBITING THAT PARTNER'S CAPITAL ACCOUNT FOR TDS AMOUNT AND RECEIVING THE NET FEE BACK FROM THE PARTNER'S BANIKING ACCOUNT.

THIS PRACTICE WAS FOLLOWED FOR SEVERAL YEARS SINCE AY 2004-05 AND WAS ACCEPTED BY THE ITD AND RESULTANT REFUND IF ANY WAS ISSUED TO THE ASSESSEE PARTNER.HOWEVER
IN RELATION TO AY 2006-07 , THE AO DENIED THE CREDIT OF TDS ON THE GROUND MENTIONED ABOVE AND A RESULTANT DEMAND WAS MADE.

THE QUERIST SEEKS YOU OPINION ON THE PRACTICE FOLLOWED BY THE FIRM AND THE PARTNER IN THEIR RESPECTIVE RETURNS AND THE MANNER IN WHICH HE SHOULD PROCEED FURTHER IN HIS APPEAL.


Shalishkumar

We wish to have list of CA from all over the India. Please guide us from where we can obtain?
Our prupose is to forge alliance with them for all matters related to exports, imports, customs, excise, sertive tax, VAT, etc., all related to exports and imports.

Information offered by you will be well appreciated


vijay
06 March 2008 at 21:37

Procedure for Change in Object Clause

Mine is the listed co. on the BSE and i like to the know the procedure for Change in the Object Clause and the its compliace?
Sir we arange a postal ballot,
so is it necessary to take a approval of postal ballot from the ROC. or we directly send to shareholders, and suppose we not took the approval and complete the procedure then what is the consequences.






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