Whether TDS is applicable on Medcine purchase by Distt Health Socitey for free distribution in Govt Hospital u/s 194C.

whether Tds is applicable on inuaguration expenses for new office

I wish to transfer a lump sum amount received by virtue of my PF and gratuity on my retirement to my wife. So I wish to know, is the amount transferred from my pf and gratuity to my wife on retirement taxable? If so under which provision? Is it true that the PF and gratuity is not taxable in my hands on retirement? Is it wise to distribute the amount received during retirement among the spouse and son for tax exemptions?

say company X has distributors in various areas and company X has agreed with such distributors to appoint persons themselves for marketing company products in market and salary expenses of all marketing people will be reimbersed by company X and billing made by distributor to compny are seperate for distributor's commission and salary claim, my doubt is whether from company X point of view i can consider this transaction as contract given to distributors as supply of labour and deduct tds accordingly in 94c and give reference of any case law

Hello all,
As per my reading of the sec. 154 i have understood that it is open for the AO to rectify any mistakes if it relates on the judments given by SC in any case even if such judment is passed after the completion of assessment by AO.Pls let me know whether my understabding of the concept is correct and pls correct me if i am wrong.

I am running a proprietor concern and my business is providing Staff House to the corporates. i would like to know in which category i will be coming for TDS deduction whether u/s 194C as a contractor or u/s 194 i and in the u/s 194 i there is "Payment of Rent for Building & Furniture whose gross receipts are less than 40 Lakhs in a financial year are not required to deduct TDS” do a proprietor concern comes under the category of Individual because my last year transaction hasn't crossed even 10 Lakhs.

Hi,

Please help in the below query.

Tours and Travels firms send outward remittances to overseas for hotel reservations and other tour related expenses on behalf of the passengers for whom they arrange the tour. The money collected is deposited in their EEFC account if they receive foreign currency from the passenger or indian rupees if they collect indian rupees from them. While making these remittances does TDS need to be deducted on these u/s 195 of the Income Tac Act, 1961.

Plz let me know whether the set off of earlier years' losses should be before availing the exemption u/s 10A or after that against the current year profits? Thank you.

Respected,

my friend is a doctor and he working with some hospital,

he does not invest anly money in that hospital and he work there at partnership, when he attent anly patient the money they receive from that patient 70% is goes to my friend and 30% goes hospital, some time he got call from other hospital where he vist and receive money.

please suggest, is that income is taken as salary income or business income.

thanks in advance


Regards,

Naresh Kansal

what if the ca firm raise a bill on client for providing data entry charges by sending his staff at the client end.The work relates doing accounting data entry.Will it still be deducted under contract or professional?