Dear Sir,
Can a consolidated Form 27 C for a month for all the invoices during that month can be obtained from buyer for no collection of Tax. If buyer doesnt submit Form 27C before 7th day of next month then how seller of scrap can comply with section 206 to deliver the forms to commissioner

Please tell me exactly which sections to be refered for calculating Income tax for an individual and a company primarily.

Hi, all

I require the answer very urgently

I a company makes payment from India as branding fees for an sporting event in America. What is the TDS rate applicable and in which section it is applicable?

Thanks & Regards.
Hitesh Khona

A contractor has made a payment to sub-contractor without deducting tds on payment. Whether he claimed a expenditure or not.

I want to know tax implications in below cases:

1. Our building is under redevelopement and builder shifts us to another house for which we are paying rent and getting reimbursment of the same. So what is treatment of Rent recd from the redeveloper??

2. We also got corpus fund of Rs 200000/- each member, wht is the treatment of the same???

Whether both are taxable incomes?

Do provide the section reference.

Thank you in advance.

Sales tax payable is liability so why this include in Sec 43B, if it is a liability then there is no question of allow or disallow

Background:
In 2007-08 X & Co appoints a cost auditor under S 233B of the companies act for audit of cost accounts maintained for FY 2007-08 under S 209 (1) (d) and gets the approval of the Govt.

As per cost audit report rules 2001, X & Co has to produce the cost accounts to the cost auditor within 135 days after the close of the Financial Year and Cost auditor has 45 days to audit and submit the cost audit report to the Govt.

Accordingly the company produces the cost accounts for year 2007-08 and the auditor completes the audit in FY 2008-09 within the prescribed time limits. Bill raised and paid after the completion of the audit report, in FY 2008-2009

The following questions arise for clarification:

1. When should the company credit the account of the auditor and deduct the TDS under S 194J? (FY 2007-08 or FY 2008-09)?

2. What period should be mentioned in the TDS certificate (sec 203 ) and Form No 26 AS (Sec 203 AA...)?

3. When does the audit fee become income of the auditor (whether under mercantile system or Cash basis accounting)? (and when can he successfully claim the TDS in the return ( AY 2008-09 or AY 2009-10)?

Dear Sir,

whether TDS is to be deducted in case of Printing charges ( for 5,000 copies Annual Reports) on bill Amt of Rs.79,248/- ( incl. of VAT 4 %) is applicable?

Pl. resolve the my query asap.


Thanks & Regards,
Chidananda K R

Our company has just got registered as a 100% EOU unit for our Web Services and as a result we would be exempt from income tax. However, I hear of MAT being applicable to all companies now irrespective of being EOU certified, is that true? Also, suppose the net profit for the year is expected to be Rs.2 crore, how much would the MAT work out to and do I have to pay advance tax on this amount. Is there any different way to filing MAT as there is to Income Tax?

Is TDS applicable for payments to Air Ticket Booking Agencies?
Ifyes, TDS to be deducted as per sec194C?