rashmi
13 July 2007 at 01:33

TDS on interest income

Mr. A is a retired person from gujarat govt. He has invested in Senior Citizens saving scheme. He receives interest for the same on the last day of every quarter. Now for the last quarter of Jan 2007 to March 2007 he has received interest on 4th April 2007. Also no TDS has been deducted by the bank during the year April 2006 to March 2007. The bank has deducted the TDS on 30th April for the whole year. The Form 16A issued also shows that interest is paid on 4th April 2007 for the period (1-4-2006 to 31-3-2007). Now how will the tax calculation of Mr. A be done. Will the income be considered for the previous year 2007-08?


sumit
13 July 2007 at 01:13

additional depericiation

additional depreciation available to power generation unit on purchasing of new plant & machinary ????


Bandaru Rama Rao
12 July 2007 at 12:36

Whether to go for SAP

Hi Sir/Madam,
I gave my CA Final Exam in May, and expecting to clear. I need advice on whether going into SAP stream be beneficial.And if 'Yes' which is better SAP or oracle Financials.


Sindhu
12 July 2007 at 09:36

Advance Tax

when a person has sold his listed shares and it is a short term capital gain, has sold the same shares in the last quarter, has not made the payment of tax completely.. so will he be liable to pay advance tax.. would like to get some illustrations as it is not convincing to pay advance tax for capital gains, lottery income etc. waiting for a response from your side at your earliest


Late CA Sampat Jain
12 July 2007 at 06:03

Service tax on rent

In case of a landlord , not providing any other service , whether rent upto 8 lac will be exempted from service tax in the first year starting from 1-06-07 . Particularly when his taxable service in the last year was nil . The rent in last year was also more than Rs 8 lac , but was not taxable.Will this make a difference.


Mrs.N. Alamelu
12 July 2007 at 04:08

Bank interest

Interest on savings bank account and RD Account - whether taxable. Is there any exemption limit.


Naresh Kansala
12 July 2007 at 04:07

house loan & HRA

R/s
if an employee get hra
and simtnly take houseing loan; his spouse & childrens r stayng at house which he take on houseing loan but he himself stay on rented house in other city.
then is he able to exemption for both hra & houseing loan or only for one out of these two & on wht basices

2. if only his dependent parents stay in house than wht is tax benifits


Naresh Kansala
12 July 2007 at 03:50

help please

R/s
if some one work in company & his imployer give him salary and at end of the year he give him form 16A and mention nature of payment as fees.

then under which head it is covered.
1 salary
2 other source
3 professional income


Naresh Kansala
12 July 2007 at 03:38

some buddy help me

R/s
1. if someone getting children education allowance but he single then is he able for exemption.

thanx


Mandar

Whether TDS to be deducted on amount including or excluding service tax.






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