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May I have reference / text of the latest "Procedure for Selection of Cases for Scrutiny for Corporate Assessees"?
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Dear Experts
Please resolve the query regarding Section 194C.
One of the Pvt Ltd company made Advance Payment of Rs 10 crores on 01.04.2007 to an advertisement agency for availing Advertisement services from advertisement agency. Tds has been deducted on Rs. 10 cr and deposited as per law. During the fy 7-8 total advertisement bills raised by adv agency are Rs 9 crores. Now Whether TDS need not be deducted on Rs. 1cr bills to be raised in next financial year or whether refund of tds can be obtained for extra tds deposited w.r.t fy 7-8. what would be solution if adv agency has returned rs 1 cr during the same fy.
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As E - Payment of Tax is mandatory from 1.04.2008 , than Suppose I have deducted TDS in month of March 2008 and want to deposit in april is to be made by E- Payment or can I made offline ?
Thus TDS or Tax of F.Y. 2007-08 paid on or after 1.04.2008 can be paid offline ?
This Query has 1 replies
As E - Payment of Tax is mandatory from 1.04.2008 , than Suppose I have deducted TDS in month of March 2008 and want to deposit in april is to be made by E- Payment or can I made offline ?
Thus TDS or Tax of F.Y. 2007-08 paid on or after 1.04.2008 can be paid offline ?
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Does TDS onre-development of corporate website fall under 194C or 194J
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DEAR SIR /MAM
PAYMENT MADE TO CONCOR(CONTAINER CORPORATION OF INDIA LTD.)FOR CONTAINER SERVICE ICD TO MUMBER PORT IS APPLICABLE ON TDS U/S 194C AND ANOTHER SERVICE PROVIDER HIND TERMINAL PVT LTD. IS IN SAME CARTGERY.
FORTHER CONCOR IS PSU COMPANY AND HOLDING EQUITY GOI AND ANOTHER HIND TERMNIAL IS PVT LTD. FIRM
THANKS
GOLDY
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A partnership firm along with two individual entered into joint venture for a particular project; and after the completion of the project the agreement will come to an end. My question is that whether the Joint venture unit will be a separate taxable entity or the profits or gains will be taxed in the hand of the party of the Joint venture i.e Partnership firm and two individual.
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what are the incometax rates applicable for resident but not ordinerly resident.
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1) An individual, having fixed deposit in a Bank, instructed to credit the monthly interest fetched in it to credit to his Savings bank Account. For avoiding tax deductible in this regard he proposes to submit Form 15 H / Form 15 G. Who can give Form 15 H?
2) The Banker obliges his request not to deduct any tax in such Deposits.
3) Such individual has higher income and he pays tax in his PAN.
4) Is there any risk he has to face and whether any circumstances araises to penalise him for non payment of tax in such interest? In what circumatances?
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How to compute the tax liability in India of an individual resident person who is in receipt of salary income from US for three months besides indian income when the foreign income is taxed in US.
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