Nagendra Kumar
31 March 2008 at 12:02

Tax deduction at source

Is there any way to pay TDS without TAN number.we have applied for TAN number,but our application is under processed.But we have to pay TDS on this DAy for back logs


Nagendra Kumar
31 March 2008 at 10:33

very very urgent query

sir please tell me is there any way to pay TDS with out TAN number .the TDS amount is through out year and today is last day


M.R.KANNAN
30 March 2008 at 09:42

DEDUCTION U/S 80C

An assessee, an employee in a private concern, purchased in May, 07 a house property in his wife's name (for personal reasons, say future security). Property is let out. The wife is unemployed and has no source of income and is dependent on husband. Document of purchase is in the name of wife only. Loan is availed for the purchase and the loan a/c is in the names of both husband and wife, with wife's name as first obligant. Repayment of loan (monthly EMI) is made by husband only, with wife having no source of income.The assessee has not filed return so far and is filing return for the first time in FY 2007-08 (ie, A.Y 2008-09).

For deducting TDS u/s 192 for F.Y 2007-08, the employer is not considering housing loan repayment u/s 80C for the reason that property (document) is not standing in his name. Similarly, for the same reason, the employer is not considering housing loan interest u/s 24, though the assessee volunteered his rental income to be considered for TDS u/s 192 alongwith salary (the net income from property after interest is a loss).

Is employer's action justified? Please quote decisions / circulars / material, if any, to support assessee's claim.

The assessee cited "CIT v. AJIT KUMAR ROY [2001] 252 ITR 468 DATED 28.06.2001", which the employer ignored holding that the issue there is not TDS u/s 192. The wordings in CBDT Circular No. 8 of 2007 dt. 05.12.2007, cited to employer, are also such that it does not prohibit such a claim. The employer says that circular does not openly provide consideration of such a claim.

Though the assessee can get back the excess tax paid thro' tds as refund by filing return, he wants to avoid tds, since it has heavy impact on his take home pay now.

Please clarify.


Rajkumar Maheshwari
28 March 2008 at 20:11

Deduction of TDS

my wife having age of 34 year.
will receive interest of rs. 25000/- up to 31.03.2008. She did't want to TDS on that interet amount. which form she will produce to TDS Deducter for non deducton of TDS on interest amount.

Can any one give that form in excell format. my email id is : mini_ishu@yahoo.co.in


Shyamjith

is medical reimbursment exemption upto Rs 15000 taxable under FBT....


C.rajesh

whether the selling price includes "FREIGHT & PACKING AND FORWARDING CHARGES" for the purpose of levy of CST.


CA S Sundararajan

Dear Sir,

One of my Client, willing to gift a money of INR in the form of Swiss franc to his Brother at Switzerland. What is the taxability of the amount remitted as foreign currency in India . Hope there is no DTAA between the Home country and receiver's country for Gift. Insuch acase , What is the Procedure he should comply.


PRAVIN
28 March 2008 at 14:52

which type of forms for return file?

for e.g. the person earn income from salary and commission from LIC as an agent and he also trading with shares. which type of form apllied for income tax return?
what are the procedure?


PRAVIN
28 March 2008 at 14:49

Individual income tax filling?

at the time of self assesed income filing whart are the documents or prof attached?
whart are the procedure?


PRAVIN
28 March 2008 at 14:12

personal income tax filling?

For e.g. i want to file personal income return for individual. i will be able to or qualifi to file the return? in which limit?the a/c is audited or not?