Amit
05 October 2007 at 14:32

TDS U/s 194 I & 194 J

case : Owner co(telecom)shares its site with anothe telecom co. & the another co. install additional equipment for it smoot functioning.

Q Under which section TDS is attrected for site sharing & renting its space for additional equipment & at what rates.


S.RAVICHANDRAN

Sitting fees received by Directors ( Nominee directors and Whole time directors ) is taxable under the head "Income from other sources " for nominee directors and under "Salary" for Executive / Whole time directors.

Am I correct ?


S.RAVICHANDRAN
05 October 2007 at 12:31

TDS on telephone bills

If we fail to deduct TDS for the monthly telephone bills and pay TDS within the financial year, whether the telephone expenses will be allowed as business expenditure for that financial year ?

Please clarify.


V Ishu Hegde
04 October 2007 at 17:07

INCOMETAX LIABILITY ON TDR PROPERTY

In a development agreement between builder & co-op housing society

Where the builder for developing of the building shall use the extra FSI and sell the same after giving each member of the society a flat who carpet area shall be 24% more than the present carpet area.

A sum of Rs. 500,000/- towards enhanced property and municipal taxes for their respective flats and inconvenience and hardship caused

A sum Rs 500,000/- to each member as rent for accommodation during the period of construction of the flat.

What is the liability to Income Tax
1) In case of extra carpet area received .
2) Amount received for future enhanced property ,municipal taxes and inconvenience caused.
3) Amount received as rent for accommodation during the period of construction of the new flat.


S.RAVICHANDRAN
04 October 2007 at 16:47

TDS for Telephone charges

Whether TDS is applicable under any provisions for the Telephone charges paid monthly to private operators ?


Rajendra Rohit

Can any one give me a advice or standerd format regarding Project Report

How to prepare Project Report ?

Rajendr M


L. SHYAM SUNDAR

Respected Sir / Madam.

Off late many MNC's are issueing ESOPs for their Indian employees. Such Indian Employees also frequently travel abroad mainly in the IT industry. Assuming that such employee of the Indian Company has been alotted with shares of its parent company in USA (Say after 01-Apr-2007). Now that the employee is travelling to USA wants to sell the shares and wants to bring the sale proceeds to India. We do know that FBT is levied. What are the other legal means of bring back the sale proceeds to India. Can he bring by cash? If So what is the limit of such cash transaction (Taking into account FEMA regulations also). What other documents are required from the Income Tax point of view to pay the differencial tax arising out of Gain on sale of shares?


CA Parag Jani
04 October 2007 at 12:12

Tax Audit Criteria

A person is running a health club & fitness center & provides services related to health & fitness training. What is the criteria u/s 44AB of I.T.Act to attract provisions of Tax Audit? Will his annual receipts will be taken into account or any other criteria? The business is of Partnership concern.


Lakshmi
03 October 2007 at 23:29

Filing of Income Tax return


Is it compulsory for a partnership firm (The firm is subject to tax audit)to file its return electronically ? Or whether return filed manually would be accepted ?


vandana
03 October 2007 at 19:54

tds on advertisement

how to distinguish between 194C &194J while deducting tds on advertisement?refer some cases & web site to explore more.