For e payment of TDS, bank is insisting that no separate bifurcation for primary cess and SHE Cess is required.
Pl comment on the veracity of the same

Dear Sir
We book ticket through Travel Agent he raised bill to us which include Ticket amount + Charge for Service which show separate in One Bill Now question is that
(1 ) we have to deduct TDS on full bill amount OR only Service charge amount and ( 2 )Which amount we consider for TDS DEDUCTION LIMIT means full bill amount Or Service Charge Amount

Rajesh Bajaj

Hi to all!

Pls define speculated income with example

thanx

g.shyam83@gmail.com

Situation
HUF has created in 1991 with inheritance property. At that time one residential plot has purchased by the Karta in his name for the HUF and fund for the same has also given by the HUF. Now in 2007 HUF sold this plot and investing the sale value in Residential House to avoid the Capital Gain Tax. HUF has purchased the new residential house in the name of HUF. Now they want to dissolve the HUF and distribute all the property of the HUF amongst their members.

Queries
1. Whether Karta can purchase the new residential house in his name out of the funds given by the HUF.
2. Whether female members of the family (wife and daughter of the Karta) will be considered the members of the HUF for distributing the property of the HUF.
3. Whether legal title of the property should be transferred in the name of the members for the requirement of the Income Tax Act.
4. What will be the acquisition date for the members for calculating the capital gain tax if they sold the property after dissolution of the HUF.
5. Whether individual members can be made their own HUF out of the property and funds received from the dissolution of the HUF.
6. Whether any time limit is there for selling the property of the HUF by their members after the dissolution of the HUF.

IS THERE ANY CHANCE TO AVOID TDS ON COMMISSION AGENTS. WHETHER PAYMENT TO THEM CAN BE MADE AS INCENTIVES WHICH COMES UNDER SALARY CATEGORY. SUB BROKERAGE OF MUTUAL FUND AGENTS COMMISSION ARE EXEMPTED. A LEADING PUBLISHING CO. IS NOT COLLECTING TDS FROM THEIR AGENTS, WHO MAY BE LOW PAID AGENTS BUT COME ABOVE THE THRESHOLD LIMIT OF RS. 5000.THIS IS VIEW OF THE PAN NO REQUIREMENT OF THESE AGENTS.

A company provides Transportation allowance to employees which is exempt under Section 10 to the extent of Rs.800 P.M. in the hands of the employee. Whether the Company has to pay FBT on the transportation allowance given to its employees?

can any one provide case laws on setoff business losses from income from other sources?

Is there any due date to deposit Profession Tax ?
pls answer it.
thanx

i want to know that from where i can confirm the Applicable TDS rate on Foreign Payments. One rate is Under diffrent Countries DTAA.

WHETHER FBT IS APPLICABLE ON REIMBURSMENT OF PETORL EXPS. TO EMPLOYEES?

AND SPECIFY WHETHER ANSWER WILL DEPEND UPON PETROL USED FOR CAR OR SCOOTER/BIKES