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IF SLUMPSALE OF SEZ TAKES PLACE AND THE BUYER CONTINUES WITH THE SAME BUSINESS OF THE UNDERTAKING BEFORE THE SALE. WILL THE BUYER OR THE NEW OWNER ALLOWED TO CLAIM THE EXEPTION U/S 10AA OR/AND DEDUCTION U/S 80I?

X (Indian) company have an agreement with Y (foreign) enterprises for technical support. Now, X company want to pay technical fee. At what % the TDS Should be deducted. (AS per the IT ACt the agreement should be either as per industrial policy, or its should be approved by the central government.) how to check whether its as per industrial policy or not please give the details and suggestion.

An assesse defaulters with the bank having mortgaged property is auctioned by lender institution and has capital gain not realised but adjusted towards dues of the defaulter with lender. Taxability in the hands of defaulter assesse in view of the fact that consideration has not been realised to the assesse and no other source to pay taxes.

What is the period for shares not listed in India to be considered as Long Term Capital Asset?

Hi All,

If a Company is a Section 10B Company (STPI Comapny) covered under MAT Section i.e. Sec 115JB, liable to Pay Tax @ 10.30% on it's Profits.
At what Rate should the Calculation of Interest u/s 234 C be done for Qualifying Amount on which Interest is to be Calculated.
For e.g. If Advance Tax Paid on or before June 15 is less Than 12% of (Tax on Total Income Declared in Return of Income Less Tax Deducted At Source)----Amount on which Interest is Payable is = 15%(Tax on Total Income Declared in Return of Income Less TDS Deducted Less Advance Tax Paid till June 15)
Now, for calculation Tax on Total Income Declared in Return Of Income -- Rate should Be Normal 30.90% or MAT Rate 10.30%?

Please advice.

Thanks
Mohit

I am a broker between manufacturer & buyer for certain restricted item, wherein the transportation cost is to be borne by me but the Invoice is raised in the name of the Consignee. The transportation charges are payable in CASH only.

Niether the manufacturer, buyer or transporter is ready to enter into a written agreement of any sort.

The commission is paid by the manufacturer through a/c payee cheque.

How should i record transportation cost in my books?

Clearing & Forwarding agent has given a bill where expenses incurred by him & his service charges are mentioned. He has given the bills of parties for Expenses incurred on behalf of company attached with the combined bill .Now tds should be deducted on whole bill amount or only his service amt. Please reply .

Dear sirs,

I want to know If I didn't file my Business Return for the Year 2006-07 but I have file till 05-06 and tring to file till 2008-09.
I think we should file return for the year 2007-08 & 2008-09.but what about 06-07 ? by paying Panelty of Rs.5000/- can we file the return or not ?
If panelty has to pay, where we have to pay all the panelty from which challan ?
if its ch.280 or other ?

Pls help me ?


thanks in advance

At present (FY 2009-2010) what is the rate of TDS under the following circumstances

a. In the case of contractor
I. If the payment is less than Rs.10 Lacs
II. If the payment is more than Rs.10 Lacs

b. In the case of rent paid
I. If the payment is less than Rs.10 Lacs
II. If the payment is more than Rs.10 Lacs