Whether an enterprise should deduct TDS on telephone bill consisting of rent, call charges and miscellaneous charges.
If so, under which section it will be covered and at what rate?
If not so, why?
Kindly help,
Regards,
Pankaj
Whether an enterprise should deduct TDS on telephone bill consisting of rent, call charges and miscellaneous charges.
If so, under which section it will be covered and at what rate?
If not so, why?
Kindly help,
Regards,
Pankaj
Four school units are run U/single trust.The owner of bldg. of all four school is one Individual only.Each school is paying rent of Rs. 3000 p.m.(i.e. Rs. 36000 p.a.). Total rent together of four schools is Rs. 144000 which is more than the prescribed limit under section 194 I of income tax Act-1961. Whether each school is liable for deducting TDS on the rent (particularly in view of facts that the TRUST is the owner of all the four schools)? Please reply as early as possible.
The tenant has to reimburse the incidental expenses of the premises besides monthly rent of Rs 2 lacs. Whether the tenant is supposed to deduct the tax at source on the amount of reimbursement of such expenses? If yes, at what rate and which section?
WHETHER PAYMENT FOR PAN APPLICATION CAN BE MADE BY A CREDIT CARD BY ANY OTHER PERSON
WHETHER PAYMENT FOR PAN APPLICATION CAN BE MADE BY A CREDIT CARD BY ANY OTHER PERSON
As per 115 JB, While calculating profits for MAT, c/f depreciation loss or c/f business loss whichever is lower should be reduced. It is also given that these are as per books of accounts.
Does that mean as per the profit and loss account or as per Income tax? Because how can we find the c/f depreciation lossess as per books of accounts? Usually we do not differentiate between business loss and depreciation loss in books of accounts. So how do we find it out.
Dear Experts,
Pls.tell me whether TDS is applicable on printing of various book,vouchers,visiting cards,envelopes,letter heads,etc.
If according to yours is yes then under what sections & also send me a circular if anybody have bec's one of our client is not agree to deduct the TDS they are demanding the circular.
Bill is inclusive of labour, matrial & VAT.On what amount TDS should be deducted? exclude the VAT or include the VAT.
Regards,
Prakash Jasani
prakashjasani_56@rediffmail.com
Two Agreement with the same party of less than Rs. 120000/- each (say Rs.119999/-each) would attract the liability to deduct the tax.
CAclubindia
TDS on Telephone Bill