I am an individual-proprietorship doing business of manpower recruitment. I have taken the subscription of Naukri.com (Infoedge India) for one year recently.

For FY 2008-09 I have also undergone tax audit under section 44AB (income above 10L). My question is -

1. Am I liable to deduct TDS on the payment to Naukri.com (InfoEdge). The amount of payment is about Rs. 85,000 (two installments of Rs. 60,000 & 25,000)?

2. If yes, under what section TDS has to be deducted for such services?

Your reply is deeply apprecated.

Regards
Sandeep

Explaination to subtraction 115 JB allows booked Profit to be Reduced by the amount as per clause (V), amount of brought forward loss or unabsorbed Depreciation whichever is less as per Books of Account.

In F Y 2006-07 company has
Loss before Depreciation Rs.60 lacs(i.e.before CY Dep.Rs.40 lacs & before Prior period depreciation as stated below Rs.70 lacs),
Current year Depreciation:Rs. 40 lacs,
Prior period Depreciation due to change in method from WDV to SLM credited to P & L a/c:Rs. 70 lacs.

What will be the Status of Reduction/adjustments allowable under clause (v) if i am working for 115jb in A.Y.2009-2010 where company has a book profit ?
whether Book Profit for A.Y. 2009-201 should be increased by net amount of depreciation credited by Rs.30 lacs?

I am a salaried person and my income was less than 5 lacs.

For the assessment year 2008-09, i filed return in the month of july 2008.

On 5/10/09 i was issued a notice under section 143(2)to attend the IT office on 12/10/09. Unfortunately i attended on 7/10/09 and meet the ITO. I was asked about my bank accounts and i told her(ito).

She taken my signature where it was written that " told to have bank accounts in HDFC, ICICI, SBH and ANDHRA BANK and to come with all the statements and movable immovable assets on 7/11/09".

Q1) Whether Notice under section 143(2)
should be issued within 12 months or
not? In my case is it valid or not?

Q2) Even though i attended (only once) can
i claim it invalid now?

Q3) For what amounts we have to prove the
source? morethan 10000/- or 20000/-?

I am very much worried please answer me.

In case return of loss is not filed in time, then how can delay be condoned?

Dear Sir
Please reply for following queries

1)How to compute income of LIC Agents if he only receives commission from LIC

2)What are the deduction can be claimed and tax rate

Thanking You
Deepak Waghmare

Dear Sir/s,

I want to know when TDS Deposited by any Private Bank with right TAN but Bank Written Wrongly in Uploding Date in their Computer.
When I Check by My TAN,one Challan was Missing but when I found from Challan details that Everything I filled in Challan was right So why they upload wrong TAN in their System ?
What Should I Do( Do I inform the bank about their Mistake) & what about ETDS Return Do I filled with my Data (instead of knowing that Bank has Upload Wrong TAN of mine in their System) ?
Pls help me urgently

Thanks in advance

When a service provider submits his return, his declared income should include service tax collected?
In short, is he liable to pay income tax on service tax collected which has already been submitted to service tax dept.

We have done the online payment of T.D.S, but the TAN number entered in it was wrong, so the credit would be get to party whoose TAN number is mentioned in it, so please tell me what to do and also the payment has been done today, so can the payment would stopped/revised.

In case of delay payment of TDS if interest amount not paid along with the principal amount then what will be the consequence?

NSDL had prepared new RPU which is wef 01.10.2009, while doing etds for july to sep 09, can v do it thru that RPU?? or we have to use old one??

Nazir