Anil
18 March 2008 at 04:58

TDS on Salary deducted on 31 March

Tax deducted on 31st March is to be deposited upto 31st May.


The above statement is confirmed by refering to following links:


http://www.indiancaonline.com/story/2005/6/14/19284/1062(refer notes: point 2)


http://www.mmehtaco.com/TDS_RATES&DUE_DATES.pdf


BUT

Following link says the above rule is NOT applicable to PAYMENT OF SALARY(Point 12)



http://ghalla-bhansali.com/it_tds.asp


Please confirm whether TDS on Salary is an exception to the statement - Tax deducted on 31st March is to be deposited upto 31st May - BY QUOTING RELEVANT SECTION / RULE


romil jain
17 March 2008 at 19:50

Tax liability in case of an AOP

Suppose an AOP has the following income:
Dividend = 50000
Rent = 1000000
Interest = 1000
STCG = 150000

And it also has a corpus donation of 10 lacs.


So What will be the tax liability of AOP?


romil jain
17 March 2008 at 19:50

Tax liability in case of an AOP

Suppose an AOP has the following income:
Dividend = 50000
Rent = 1000000
Interest = 1000
STCG = 150000

And it also has a corpus donation of 10 lacs.


So What will be the tax liability of AOP?


Daulat Kunwar
17 March 2008 at 18:13

Fringe Benefit Tax

Sir/Madam,

Please send me the FBT calculation sheet applicable for private companies for the F/Y 2007-08.

Regards,
Daulat


isha gourisaria
17 March 2008 at 17:42

succession

whether transfer of an undertaking would be regarded as slump sale?


Nagendra Kumar
17 March 2008 at 17:00

Interest on postal saving

Interest on postal saving scheme for non resident but not ordinarily resident is exempted or not.if it is exempted is there any notification or it is not exempted is there any supporting


RAMPRASATH R
17 March 2008 at 16:51

penalty 271 F

for the assessment year 2006-2007 ie financial year ended 31.03.06 the return was filed on 31.12.07. but the assessee has paid advance tax. whether penalty u/s 271f can be imposed. there was only delay in filing returns.whether there is any case law in favour of the assess to escape penalty


Nagendra Kumar
17 March 2008 at 16:40

interest on postal schme

Interest on postal saving scheme for non resident but not ordinarily resident is exempted or not


Rajkumar Maheshwari

a man invest a sum of Rs. 20000/- in the name of his wife in "LIC Market Plus Plan". i want to ask that , Is he eligible for deduction of Rs. 20000/- U/s 80c in his Income Tax Return which was invested in his wife name.


rita
17 March 2008 at 15:28

About Gift Tax

Can you please tell me can father in law gift to daughter in law . is that amount is taxable , in whose hands.