The tax ready recknors states that the TDS rate for interest "other than securities" in the case of a domestic company is -20%

However, if one looks at the Finance Act -Schedule-I, part-2, the rate is mentioned as 10%

Can anybody clarify, pl.

Whether tds should be deducted on professional services received before incorporation

Can anyone tell me the changes that have taken place in forms 3ca/3cb/3cd after recent budget........

is there any circular/ notification in the matter that, where a survey u/s.133A has been conducted & the income disclosed thereat is more than the income of preceeding year, than such assessee can not be taken up for scrutiny???

if yes, where can i find that notification/ circular?

thanks

Hi Experts,

Suppose Mr. ABC is a student,, but he left his studies two years before in 2006, since 2006 he is not doing anything. But in meanwhile in 2009 he got brokerage of Rs.5,00,000/- on sale of land in pune in year 2008.

Prior to this he does not have any taxable income from any source. The other party who paid commission of Rs.5,00,000 deducted TDS @ 10.30 on this commission.

My question is : Is Mr.ABC is required to file ITR for FY 2009-10 ?
2) Under which head he can file the return.
3) As basic exemption limit is Rs.160000 for FY 09-10, can he claim refund of excess TDS deducted

Note : Mr ABC does not have any shop act license or registered business.


THANKS SIR, BUT UNDER WHICH HEAD HE HAS TO FILE HIS RETURN.
Note : Mr ABC does not have any shop act license or registered business

dear sir,
i wanted to know about e filling of income tax return for all categories.
are there free software available on net which can help filling e returns,pls give name of such link so i can downloan.
i have so many employees hows returns for 0809 has to be filled so pls urgently suggest for e filing of there return
thanks in advance
mahendra

Hello everybody,
I want to know that which ITR is required for file return of a registered society/trust.

Also where will the donation will be shown in ITR.

Guys..

Probably this is very odd question for you all..

what is the logic behind deduction of TDS??

A) are we deducting it because "its revenue of other party"???

or

B) Are we deducting it because "we are booking it as expenses"???

Regards,
Nazir

How to adjust excess TDS Payment ?

"A" maintaining books of a/c u/s 44AA, total sales are Rs. 39 Lakhs and purchases are of Rs. 51 Lakhs. Does he require to get his a/cs audited u/s 44AB. please tell me the legal position with any case law. Can Assessing Officer levy penalty for non audit of a/cs u.s 271B, if the audit the a/cs has not been made.