Dear Members

Plz solve this Query

My Co. wrongly deducted the TDS from the party means the said party was an real estate broker so insted of sec 194H, I had deducted under sec 194I @20.60%.

So, how can i deposit the TDS amount and how can I set up this problem

Plz give proper solution

Dear Sir,
Is there any ammendments or change in FBT for Accounting year 2007-08 (A.Y.2008-09). Is it same as it was in previous year i.e.2006-07.

Please clarify!What abt dividend received from foreign subsidiary in case of calculation of book profits in MAT!!Is it taxable under MAT as it is taxable under normal provisions of Income Tax.

A Compnay who is 100% subsidary of foreign company. The foreign company is engaged in business of online sale of goods. The Indian Company has been set up to maintain and design software and website and its related work. It is decided that out of five method the fifth method Margin to Markup i.e. certain percentage on total cost incurred by the company will be charged by it. This compnay is doing only work for it holding company. Could you please advice the safest percentage of mark up on total cost it should charge from holding company taking into consideration average weighted margin in similar type of company. If it could be supported with some data for our record then it will be good.

hi member could u please tell me what is new in this recent budget for income on minor,
thanks with regard

hi member happy belated holi

our company was paid rs.26250/-(single bill) to Mrs.Assocham New Delhi for subscription for membership fees on that
tds deducted or not and this payment entered in tally in the head of books & periodicals, this head was correct or not, please tell correct head

To the same party Rs.35000/- paid towards advertisement on that tds effected or not please sir. (this was single tranasction throughout the year )

Should the Branch deduct TDS on Rent,
IF Rent is paid by the HO to the party, and the branch pass the entry in its book

Rent A/c Dr
to Ho A/c

my son 23, who has taken education loan will be starting to pay the loan soon, as he has started his job. he has taken two loans from psu banks for two different programmes for the education purpose.my querry is is he eligible for deduction under sec 80e (on interest) for both the loans ?

What is the effect of 'depreciation'for calculating MAT.First it is added in profit & than reduced in profit.what is it`s ultimate effect.pls explain.