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?

Me and my brother are co-owner of flat.
Housing Loan Interest is Rs.2,00,000/-, we are repaying the housing loan equally.
Can me and my brother take deduction of Rs.1,00,000/- each from Income from House Property U/S 24.

Dear All,

My company is paying fixed medical and Leave Travel allowance to the employee, which is payable after deduction of TDS. Is there any exemption under medical and leave travel allowance . If yes under which section of the income tax act.
Remember that amount is not reimbursed by employer.

Comany has contract with other co for transport of goods, driver of the truck is providign form no. 15I,however bills are raised by the transport company,
Whether TDS is deducted or not? & the same question is in applicability of Sec.40A(3) for payment exceeding Rs.20000.