Earlier a bill for Rs 11000/- was booked towards repair and maintenance and tds was not deducted for the same. Now a bill is received fromt he same party for rs 51723/-, in which material purchased is for 33712/- and towards service provided is for 18011/-. Should I deduct tds?

whether interest earned from savings bank account(sb a/c)is chargeable to tax?

Can Any one explain me the provisions of Section 79 of the Income TAX Act.

Kindly xplain in own words as i know the language of section in the Bare act.(but could not understand the same)

THANKS

My client has outsourced the collection work & pay a commission of 5% on the collection amount. We are going to deduct @10.3%. But they are asking us to deduct @ 2.06% contending it has a contract payment. Whether they are justified or not.

Can we cliam any exemption for non deduction for TDS on Lorry hire charges for sec.194C if exceeding Rs.50000.P.a

Hi,

What is the rates of salary TDS?

X Ltd; is in the course of being wound up.The winding up has been put on hold as a petition has been submitted u/s.391 of the companies act by a member. The company has amounts due to secured creditors. The company is a real estate company. So the land held by it is treated as
stock in trade. The question is 1) If the land is sold in auction , will the amount be treated as business income? 2) will the company be liable to pay tax on the amount received on the amt remaining after payment to secured creditors 3) will the expenses met by liquidator be deductible?
4) please suggest relevant case laws.5) Will the IT department waive the income tax in any case?

Hello everyone,

I finding difficult in understanding deffered tax as per AS 22.anyone with knowledged about it send me a file.. or any material..

Amount incurred by the compny for recruitment expenses such as reimbursement of expenses for travelling from Residence to Office for Interview, accomodation expenses paid if coming form outside. Whether such expenses are liable to FBT or Not?
Plz reply.

Thanks
Regards
Pratik

I had made payment of TDS through epayment. But at the time of filling the challan detaisl I wrongly tiked on COMPANY DEDUCTEE insted of NON-COMPANY DEDUCTEE in Major Head. If I have to change this major head to NON-COMPANY DEDUCTEE what is the procedure or to whom should I contact.