Income Tax queries [13674]

All Resolved Open

Snehal Parikh

31 May 2008 at 16:38

Recovery of excess T.D.S Paid

The company had wrongly deducted t.d.s on interest and paid to the central government in accounting year 2007-2008.

Whether is it recovered during the accounting year 2008-2009 or not ?

If Yes, under which section of Income tax is recovered ?

shanil

31 May 2008 at 16:36

TDS LIABILITY ON PAYMENT OF NON-RESIDENT

Dear Sir,

We are Freight Forwarding Agents.
Recently while remitting funds to our Overseas Agents (Have no offices in India) our bank is asking for CA certificate in format under Section 195 of the Income Tax Act.

Whether these remittances are liable to Tax in India or not?

Please explain.

Regards,
Shanil

kaushal

31 May 2008 at 16:31

194C tds..............

To whom 194 C applicable ?

i Mean who are contrasctors and subcontractors????

kaushal

31 May 2008 at 16:26

tax deduction

i received expert's answer as deduction of tds to be made on basis of bill wise

but i have seen shared file where it is mentioned that TDS deduction to be made P.A . basis

what is final conclusion ????

ankur

31 May 2008 at 16:16

Tax Liability of NRI

If an Non-Resident Indian(US Citizen) invest in Indian Co( whether public or Pvt Ltd) and capital gain arise on sale of investment what will be the tax treatment in india and in US.whether is liable to tax pay in india and can he get tax relief in USA for tax payment in India.

karan

31 May 2008 at 16:05

TDS certificate

one of my debtor has deducted the TDS on my bill and i have niether collected the TDS certificate nor taken any credit for the same in 2006-07 can i take credit of the same agst tax liab for the 2007-08

Kindly advice

kaushal

31 May 2008 at 16:01

TDS on incomes

TDS to be deducted billwise or on basis of per annum ????

sumit

31 May 2008 at 15:53

Benefits of Income Tax Return

tell me about the benefits of income tax return to a salary person.

sumit

31 May 2008 at 15:48

Income Tax Reruns

Which is the last date to submit return of a Individual, Firm & Auditor.

sumeet

31 May 2008 at 14:19

TDS Challan - Deposited under Wrong Head

I have deposited TDS challan under Interest instead of Contractor due to some misunderstanding. How can i rectify this mistake. Whether Deductee will get the credit for this or not.

Please reply