As per this section it is given that company in which public is not substantially interested so it means it is pvt. co. If director withdraw some amt for purpose of business & in account of that company director a/c balance is in Loans & Advances then whether Director / shareholder chargeable to tax? whether company liable to deduct TDS as per section 194 ??

1) IN PDF FORMAT OF ITR-2 OF INCOMETAXINDIA.GOV.IN SITE, SCH-CG, ROW B5 MENTION THAT IN TIME OF ADDING ENTER NIL IF NEGATIVE BUT IN EXCEL FORMAT IT AUTOMATIC TAKES (-)VALUE.
WHICH ONE IS CORRECT ?

2) IN EXCEL FORMAT FORM AVAIABLE ON THE SAME SITE TOTAL OF SCH-S & SCH-HP TOTAL FIGURE NOT TAKEN, THAT IS WHY FIGURE NOT TAKEN IN SCH-CYLA.
HAVE YOU ANY RIGHT FORMAT. PLS. ADVICE.

S.K.AGARWAL

anybody suggest me how to deposit my tds through online banking pls immeditely ans

anybody suggest me how to deposit my tds through online banking pls immeditely ans

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. In my opinion as the required amt is deposited with the govt. and there is merely a re-imbursement of actual cost and so TDS is not required. Could you plz substantiate your answer with some decided case laws/circulars.

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. In my opinion as the required amt is deposited with the govt. and there is merely a re-imbursement of actual cost and so TDS is not required. Could you plz substantiate your answer with some decided case laws/circulars.

respected all,

Is surcharge rate@ 10% is applicable even if a partnership firm makes a turnover below 1 crore.Is surcharge is compulsory to the firms.

pls clarify,

thanks.

IS the celebration for 100 day exhibition of a film by a film distribution firm is liable to FBT, which is shown as advertising expenses in P & L a/c and it includes gifts to celebrities and momentos and food and accomadation to guests. ?

Whether trading activity (exports) of an 100% EOU in preconstruction period is subject to exemption ?

The travellig expenses of directors and employees of parent foreign company to Indian subsidiaries in connection with business in India is liable to FBT?

I want to know that what is the basic difference between Notification & Circular. Which is more powerfull. Kindly advice me.