Whether the liability to deposit Advance tax is also applicable over salaried person? If yes, who will be liable to do so, whether the employer has to deduct TDS and deposit it or employee will be required to discharge the liability on his own in case employer is not able to do so? What if employee's salary was not enough in the beginning of financial yr that it will attradt Advance tax but subsequently increases after mid yr to raise his tax liability?

1).KYA YE SAHI HAI KI SEC 54F KE LIYE AGAR LAND PURCHASE KARE CONSTRCTION KE LIYE TO EXEMPTION MILEGA?
AGAR HAI TO WHAT IF CONSTURCTION IS NOT DONE, IS THE EXEMPTION AMT WILL BE TAXABLE?
2).KYA YE BHI SAI HAI KI YA TO APAN CGAS ME DEPOSIT KARE YA RESIDENTIAL PROPERTY PURCHASE KARE (MATLAB KYA DOMO ME SE KEVAL 1 OPTION AVAILABLE HOGA KYA)?

I had made a payment of $ 1,500 towards consultancy to a party outside India in this month. I will have to gross it up for the purpose of TDS u/s 195 of the Income Tax Act @ 30.9% which comes to approx. $ 2,152 and i also have to pay service tax to the government @ 10.3% on the same as import of service. Now my query is whether $ 2,152 would be the figure inclusive or exclusive of Service Tax and whether TDS is liable to be deducted on the service tax payment and if yes then how will the computation be? Please reply.

There are two pvt companies under a same management.
One of them is a loss making co. lets say A Co. and one is in profit say B co.
now i want to absorb the losses of the A co. which of the following ways is the best way to do so from income tax point of view i.e no litigation is invited?

1) Amalgamte The A co with B co.
2) Make A co. a subsidary of B co by aquiring shares of A co.
3) or if we expect profit in A co in some years down the line so let it work as it is but it will be cover by section 115JB (MAT)?
or if you feel any other way to absorb the losses of A co. plz tell me?

Thanks & Regards.

my client is a corporate assessee in the course of assessment under section 143 for the a/y 2006-07 the a.o pointed out that the assessee has not deducted tds on paymment made to contract for trasportation charges,the fact put in front of the a.o was that this service was being provided by the contractor out of agreement and as such he was raising a debit note on the company for the transportation charges, he has also confirmed he was deducting tax and depositing with the authorites on the same amount for which he was raising the debit note,even after lot of pleading the a.o diallowed the amount,the amount of demand was deposited with the tax authorities, simultaneously the a.o has imposed penalty under section 271(1)(C).
I am preparing to file a appeal with cit(a) my question is

can this be sustainable in the office of cit(a) as i have got the confirmation copy of the contractor in which he has mentioned that he has deposited tax on the same amount for which he is raising the debit note,this copy was also submitted to the a.o during assessment proceeding .

i would be greatful to all of you,kindly help me out


ca fareed ahmad khan

Dear All,

I need to know the conditions to be fulfilled by a company so as to be liable for undertaking Transfer Pricing Audit.

If I got the Bill for exps Amounted rs 22,000 which contains exps of F.Y. 2008-09 15000 and 5000 exps. for F.Y.2009-10....Should I make tds on paying this consolidated Bill...this bill dated of current financial year...

if amount paid to any party during a financial year exceeds rs 10 lacs will surcharge be imposable while deducting tax at source

Hello friends
I am totally confused over law of stay of demand.Please help me in my following queries:-

1)If an assessee has taken stay of demand and files his appeal sai in CIT(A) and further loses the appeal then at what time period he has to pay demand.within 30 days of fresh demand notice or next day on which appeal is decided and in this case if he doesnt pay then from when he will be deemed as assessee in default?Will he be deemed as assessee in default during period of stay or not?

2)If he has not taken stay of demand and further wins the case will he be treated as assessee in default?

please please help

TDS ON CAR PARKING SPACE, WHICH SECTION. PL LET US KNOW WHICH SECTION WILL BE ATTRACTED.