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.

The assessee has hired a hotel room as well as conference hall to arrange some meeting in the hotel.THE HOTEL was booked for four days.After the completion of the programme the entire payment was made which amounted to Rs 1,80,000.The payment was made after deducting the tds at the rate applicable for the time being in force.Now the hotel management had sent a notice for wrongly deduction of the tds.Now please clarify the query

whether TDS is applicable in respect of remittances in foreign currency made by an Indian company to a foreign national(who has no office or any business connection in india) for services rendered outside india.

is TDS applicable on foreign payments for webhosting ?

my arguments or points

a. this service comes under royalty services. we are paying royalty for usage of their software and computer for a price.

b. the company is based in USA and does not have any Permanent Establishment in India. so NO income accrues in India.

c. Service is rendered abroad and payment is also made in foreign currency directly abroad.

d. most of my clients are located aboard.

e. there was a case where an Indian company WIPRO subscribing to an Online database of a foreign company which is maintained by the foreign company and the ruling was that NO TDS is payable on that payments. does the same apply to web hosting?

Sumeet

ONE OF MY CLIENT'S RETURN FOR THE ASST.YEAR 2006-07 HAS BEEN FILED IN THE MONTH OF MAY-08 & HAS BEEN ACCEPTED BY THE INCOME TAX DEPARTMENT, SO NOW WHAT ARE THE CONSEQUENCES ?

A person has received interest from post office Under MIS Scheme.

Is it Taxable, if it is not U/s what section?

Dear Friends,

Last year I changed my residence and this change was not intimated to the Income tax department as I did not have any proof of residence.

Further, last year, due to some financial crises I cold not pay the remaining income tax (over and above the Tax deducted by my employer)and Also did not file my return.

In this regard I have two queries:

1) how to find out whether I have have been served any income tax demand notice.?

2) for this year's return, which address should I mention in the return form - my current address or the address which is there in the income tax department record..?

other information

I am salaried person and I am residing in a rented flat without a rent agreement.

Please provide me your valuable advice

The last date for filing of Income Tax returns has been advanced to 30th September in the recent budget.

Has the last date for payment of Wealth Tax and Return too also been changed to 30 September?

i purchased a new machinery for Rs200000 and company gave a 1yr warranty.After 6months due to some technical problem machine got repaired and co. replace some spare parts and raised a invoice forRs50000 and on that invoice mentioned free of cost.my query is whether i should capitalize this extra 50000 also even though i not paid any amount.

What is the FBT rate apllicable on ESOP? Would also like to know the surcharge or any other tax applicable on it