Dear Seniors

Our Client is having their own Approved Gratuity Trust set up.

As per their Internal proces they pay gratuity to resignees even they have not completed the 5 years of Service.

Will such gratuity will qualify for tax exemption under section 10(10)(ii) or 10(10)(iii).

Kidnly help me out so that I can advise them.

Dear Sir,
I Have the following Queries
1) When a partnership firm has a Slump Sale on 01/4/07 with a Private Limited Company. Whether the partnership firm has to file the Income Tax Return for the F.Y. 2007-2008.No business activity is being carried on after 31/03/07.The firm has been dissolved immediately after slump sale i.e with effect from 01/04/2007

2) Whether in the above case the Partnership firm has to Surrender the PAN Card on account of Slump Sale if Yes than what is the Procedure

Regards

Ravi Kiran

Hi All

Pls Explain to me In Form No. 3CD Explanation of Point No. 21.

wht this point say to us.
if any body know this please also explain to me.
if possible than mail to me at catarungirdhar@gmail.com

Thanks in Advance

Mr. X has alloted TAN No. He is deducting TDS on Brockarage Commisiion paid by him once in the month of May since last two years. He paid the TDS in Central Govt. a/c in time but did not filed any Return. What will be his liabilities?

What is the TDS rate on Brokerage on shares, Brokerage on Mutual Fund, Interest on FD ?

CASE
one company doing transpot business on contract basis, When they got contract for sending goods it make sub-contract against contract for sending goods to destiy with lorry owner and for which it become mentetory for him to make payment in Cash to driver for petrol and fro other expenses and after wards they have no contact with party and further he got lorry which is available at the time of sending the goods which is chipest.

Here many time the payment made to driver exceed 20000

whether it is disallowe U/S 40A(3)?
Whether it cover under exception under rule 6DD as tradition of the business?

A public ltd. co. having an agreement with an individual for letting a building floor for their branch operation for Rs.24000p.m. But in agreement it is mentioned as Service & Maintenance charges and not as rent.
Co. is deducting TDS u/s 194I @ 15.45% but according to landlord it should be 2.06% u/s 194C.
My question whether it falls under scope of 194C or 194I?
I think it must come under194I
Please give supportings for answers like any case law or circulars etc. as an evidence and to convincing the landlord.
its urgent.

I want to know whether the petrol using for running of motor pump at construction site attracts FBT?

E-payment has been made mandatory since 1st April 2008 onwards in case of comapnies and others required to be audited u/s 44AB of the Income Tax Act 1961. But banks are accepting the TDS deposited manually through Challans. Will this be accepted as proper deposit of TDS under the Income TAx Act 1961. Is there any circular which says whether or not the same will be allowed and said to be TDS deposited properly.

E-payment has been made mandatory since 1st April 2008 onwards in case of comapnies and others required to be audited u/s 44AB of the Income Tax Act 1961. But banks are accepting the TDS deposited manually through Challans. Will this be accepted as proper deposit of TDS under the Income TAx Act 1961. Is there any circular which says whether or not the same will be allowed and said to be TDS deposited properly.