Hi All,

What if an employee pays on behalf of the company to the vendors through his credit card and company pays him by settling his credit card bills...

And what of same happens in case of director

Pls reply in case Employee is a relative/non relative of director.

If possible give references to sec/AS

Thanx in advance !

i have taken a loan of rs. 3.5 lakhs from my father through cheque.
now can i get income tax benefit of the interest paid by me?

Can i claim for my father's LIC policy for my Tax calculation as my father is dependant on me?


Please advice me on the same

If a proprietorship firm has suffered loss of Say Rs. 7,50,000in F.Y. 2008-09. And it has filed its return before due date. But could not make payment of Rs.2500 for professional tax. What will be the amount which can be set off in the next F.Y. either Rs 750000 or 747500.

Son and Mother has taken a housing loan and son applied as co-applicant. Property is in the name of mother. Can son claim deductions u/s 24 & 80C?

hello sir

i am work contractor in composition scheme,for the 3rd qtr my sale tax deatls as under

contract receipts =7,50,000
Tax payable @3%= 225000

TDS (WCT) =165000
Balance tax deposit= 60000

But, we found that one party did not deposit tds (WCT) for Rs, 120000. part says that due to funding problem he will deposit after some days

but i have to filed my Dvat return so plz tell me what i can do ,last date of return 28 january .


thanks

We own a company. We pay one of our employees a salary that is more than the taxable limit. Unfortunately, we have not withheld any TDS for the employee. Is there a penalty? What needs to be done?

How to group dates by financial year in Pivot Table

Hi Expert,

While determining the tax audit limit i.e. 40 laks whether excise duty payable, vat payable , service tax should be part of Sale if shown separately in Incoice?

Thanks in Advance..

Regards
Gaurav

Dear Team


Request clarification for one of my client. One of my client have given the incorrect PAN to the deductor who in turn have filed the TDS return with those details.

Now the credit went so some other account. How can my client have the credit and can it be done without filing revised TDS return since the concerned detail is of the period 01-04-2007 to 30-06-2007.


Thanks & Regards
CA Pawan Periwal