If service provider (resident in India) is not agree to borne TDS, can service recipient borne the same in view of Income tax provisions?
My questions are;
(1) I think section 195A is there but such provision is applicable to non resident only? In my case service provider is resident.
(2) If TDS borne by Service Recipient, Service Recipient should give TDS certificate to Service provider?

Dear All,
Can you please guide how to merge partnership firm into pvt ltd company ??
Partnership firm has 3 partners (2 individuals and 1 pvt ltd company in which we want to merge) and Pvt Ltd has 2 directors (those 2 directors are partner in such firm)...

I want to know procedure step by step and even please advice taxation aspect also?

Thanks alot

Dear Sir,
I am working in pvt ltd company and my company gives only PF contribution but to get extra tax benefit I want to invest in 80CCD (2) NPS. In this scheme can we get benefit in below options?

(1) Employer is not registered under NPS so employer is giving NPS contirbution to employees with his salary and employee will pay NPS contribution both employee's & employer

(2) only employee has opened NPS account & investing some amount say Rs.50000/- will he able to take benefit in 80CCD(2).

Dear All Expert,

My question is related to 80c deduction. if employee pay the lic premium of wife can claim deduction of that lic premium in income tax return.



Thanks in advance

Can we make rectification in already filed Form15CA on incometaxindiaefiling.gov.in ??

I have been awarded Motor Vehicle Accident compensation and I am entitled for interest on amounting to Rs.1,00,000/- per year on the compensation amount. Under Sec.194A94A(3)(ix) of IT Act, I am entitled for exemption upto Rs.50,000/-. There is no provision in the ITR Form to claim this exemption. How to claim this exemption?

A sold a residential property IN 2017-18 and purchased a plot on which he will construct residential house within 3 years of selling his residential property.

1, WILL LONG TERM CAPITAL GAIN ON THE SELLING OF PROPERTY BE EXEMPT IN THIS CASE

2. IF YES, WHETHER HE CAN CLAIM SUCH EXEMPTION IN HIS INCOME TAX RETURN FOR THE FINANCIAL YEAR 2017-18 AND IF SO WHAT HE WILL MENTION IN HIS INCOME RETURN OF 2017-18 AS CONSTRUCTION IS YET TO TAKE PLACE

Sir/Madam,

A person has deposited cash of more than rs 2,00,000 in a single day in his savings bank account received from his cousin brother.

The money was on account of receipts from sale of rural agricultural land that was in the name of his cousin brother.

Now, how would this be reported.
How should the return be filed. And,
What could be the tax implications.

is it compulsory to file form 10A online now?

Sir,

I have bit confusion in partnership firm,earlier there is deduction from Net profit i.e remuneration of partner, share of profit and Interest on capital and remaining profit Tax has to be paid.

But now i have heard i cannot deduct remuneration of partner and interest on capital from net profit is it right. Then how to take out share of profit.

Please explain this new rule.