we pay AMC but on what TDS deduction to be made ?
only on AMC amount or also on Capital expenditure amount ?????

Cash payment exeecding Rs 20000/- can not according to Income Tax Act but the question is within one day cash payment not execding 20000/- or within one year cash payment not execding Rs.20000/- please reply as soon as possible.

we have given contact for AMC of computers
so do we need to deduct tax on only AMC charges or even on capital expenditure charges like purchase of computers /software from them ?

Suppose one person has income which is comes under taxable slab and he has submitted the return accordingly.
If next year he has income which is not taxable, so now will he be liable to submit return? if yes then under which section...

Pls Guide..


Thanks,
Abhishek

A company has purchased a car which is given to one of its employees for his exclusive use. Purchase price was paid directly to the dealer by the co. Car is registered in the name of the co. As agreed between the co and the employee, the co will recover the cost of the car over a period of 36 months in equal instalments without any interest. At the end of three years, the car will be transfered in the name of employee at Re 1/-. In this context I would like to know that whether the cost of the car which recovered by the co without any interest will be subject to perquisite valuation taxable in the hands of the employee?

Dear Sir,
Please clear my confusion about TDS to be deducted on Accounting charges paid ?

Dear Experts,

If we have taken consultancy from Foreign country and payment made by one Indian company to other Indian company by grossing up of TDS amount at Indian prescribed rate of tax and then that Indian company pays the amount to forging consultant by again grossing up of that amount.

I want to know is this process correct?

Rgds/-
Anil Jain

What are the tax implications in co.op. hsg. society? Transfer fees recd. by the society is taxable or not? what are the fundamental rules for liability of income tax in case of co op housing society?

hi,
please help in finding whether TDS is to be deducted both on Incentive and commission paid seperately to agents of LIC under Section 194(d) or whether any seperate section is applicable for TDS on incentive,please Quote the relevant section,hope somebody will me out in this matter.


regards

vikas

Suppose one person have not filed his return of income for the FY 06-07 while his tax has been deducted by the employer for that year. He had filed his return for the FY 05-06.

Now what would be the legal consequences?
Will he be entilteled for the refund for the FY 06-07 because his Deduduted Tax was over his actual tax liability for that year.

Pls guide....


Thanks,
Abhishek