Dear Sir,

I am working with event management co. but to financial crisis, we have not paid any tds amount of vendors, professional,

is it any provision wheather we have to pay this amount in next f.y.

or
what r the effects of non payment of this tds amount

Hello I would like to know if TDS is applicable u/s 194 I for Rent on lease lines provided by BSNL. I have hear that govt. entities are exempt from TDS. Please let me know the section which gives that exemption

We have deducted TDS @ 2.266 % in respect of payment towards Car Hiring and Crane / Forklift Hiring during the F.Y. 2006-07, 2007-08 & 2008-09.
Question - 1) Whether TDS is applicable under Section 194 C or 194 I (Where rate of TDS is 10%) ?
2) For Short deduction whether above said payments is disallowed under section 40(a)(ia) of the Income Tax Act ?

Dear All,
Please find the Screen shot of error pls guide me how to verify the same or valid the signature i import ca challan also



Error in registration of your Digital Certificate
Validation Error
You must correct the following error(s) before proceeding:

Certificate is INVALID :
Can not find trusted parent certificate.

how to calculate TDS on Salary on the basis of new slab rates

Hi
Can anyone tell me if ward and cirlce on the return is wrong, do we need to file revised return. I have refund of around 20K. Will there be any prob is ward and circle is wrong on return or shall I e-file my return as revised before 31st July 2009.

One of my client is having unrealised debtors for past 5 / 6 years. He wants to write off the same as bad debt in the current year resulting in adjusting of profits. Pl advice in accordance with the provisions of IT Act whether the same will be allowed as deduction and expense or not.

Dear Expert,

Company : Developer & Construction

Nature of Transaction : Rent for DG Sets

Party bill provided for Rs. 300,000/- &
architect has certified the same bill
as under

Please note that amount needs to be debited from the final bill of following Contractors in the proposed manner

Vendor Percentage

A-20%, B-30%, C-15% & D-35%

I debited above vendor's account as per architect & TDS deducted & remitted to Govt as per Contract Rate 2.266%(u/s194C)
in June-09

My question is the aforesaid trasaction will attract u/s 194I (TDS-Rent of P&M)

Whether it will attract u/s 194I,What can I do. Because I have already deducted & remitted to Govt as per Cont Rate (u/s 194C)

Pleasedo the needful, it is very urgent

Thanks,

If it is Final Bill, Total Contract Value is Rs. 300,000/- & E-TDS return also done in 15.06.09 as per Section 194C,What can I do

Hello,

Please reply it soon, its very very urgent.

I have salary income from finland for the year 2007-08. After considering the income in india. I have tax liability, now considering the tax paid in finland i have refund of taxes. My query is can i claim excess amount as refund in my income tax return.

Eg.: Total taxable income 10L.
tax for f.y. 2007-08 256470.00

total tax paid (including tds in india & tax paid in finland) Rs. 292000.00

Can i claim Rs. 35530.00 as refund of income tax in my return of income.

Hello Sir/Madam,

An assessee had no business income during the year. The general and administration expenses were shown by the company as business loss incurred during the year.
The business loss was set off against the house property income of the assessee during the year.
Is this correct.

Please reply with a case law if any