Dear All,

We are a limited co.
We have exported goods, for export we have appointed Clearing & Forwarding Agent for transportation of goods to abroad.
This Clearing & Forwarding Agent has issued 2 bills, one for their Service charges (Rs.4,000) & other for Reimbursement of expenses like insurance, transportation expenses (Rs.24,000).
Now the query is whether this service charges should be treated as Professional Fees. ie TDS u/s 194J or it should be treated as Contract charges ie TDS u/s 194C.
If it will be treated as contract charges & then whether TDS is required to be deducted only on Services charges or it should be on both, Service Charges & Reimbursement of expenses.(Party is giving separate bill for reimbursement of expenses.)
Can any one tell me what is general practice which is being followed in this circumstances. Also let me know if there is any Circular, Notification or Case law related to this matter.
If anybody required any other detail, then just let me know.

Dear Experts,

We are a company engaged in construction of Mall after Purchasing of land. and our income it leting, Leasing and Sales of Shops etc. In this regard we want to know :
1. Is Rental / Leasing Income be treated as Business income or Income from house Property.

2. How the cost be calculated for sale of shop at the Mall.

3. How the Profit on Sale of Capital Asstes be Calculated . Is indexetion is applicable.

regard.

Om Prakash Sharma

Someone take a building on rent thru Property dealer and Commission/Brokerage paid by tenant to the property dealer for his services.

My mother aged 63 years, has inherited a capital amount of Rs.5 lacs from a transaction of the house in owned by her father (not alive now) which is now owned by my uncle.

Could you let me know what kind of tax will this attract ?
Is the entire amount taxable ? If not, how much has to be reinvested to make it tax-free.

What are the reinvestment options to make this money completely tax-free ?

If an assessee has not paid demand as
per assessment order u/s. 143 (3) and
preferred appeal before CIT (A) but
failed to inform the assessing authority
about appeal.

Can the assessing officer initiate
penalty proceeding u/s. 220 of IT.

Can Spaculative share Loss (Inra Day) or delvery base loss(through D Mat transfer) can be set off with other busniess income.

how profit on intraday trading on shares is taxed?is it speculation profit?

Can any one update me with the maximum amount of penalty that can be imposed by the income tax authority for non filing of ETDS return and is there any case law supporting the view

can any body provide me the latest TDS rates their limts and updation regarding tds

My client just get TAN No on 2/02/2008.
If Necessary to file e-tds (on Interest)
If yes please inform me last date