one of my clients an australian natinal has become a resident of india, as per the defenitions of IT act and Fema.
now he wants to buy a residential property in india... i) whether RBI permission is required
ii)whether he can sel the property after sometime and repatriate funds to australia.
iii) since he has become a resident of india, i think he has to pay tax on the income in australia also... if so what is the procedure for computation of total income

regards, madhav

Hello friends,
We have a query regarding deduction of tax from salary, when the employee disappears without giving notice of resignation. The query in detail is as follows:
An employee has given declaration at the beginning of the financial year regarding his investment to be made and rent to be paid during that financial year. As per the declaration given by the employee, the tax is deducted regularly on monthly basis. After some months (or say 4 months), the employee disappears (leaves) from the company without giving any notice of resignation. The salary for whole of the 4 months has already been paid to the employee.
But the employee did not show any evidence / documents for investment made / rent paid till that period. Later on when the income and tax liability thereon is computed, then also there is a liability of deduction of tax from the salary of last 4 months paid. But this tax was not deducted or deposited with the account of Central Government due to declaration submitted by the employee.
a) What will be the liability on employer regarding deposit of tax on salary? What remedy is available to the employer on liability of deduction and deposit of tax due to negligence on the part of the employee?
b) If the salary for the last month is left, but the tax liability comes to be in excess of the payment required to be made to the employee, then what treatment will be done?
Please guide us on the above mentioned issues.

Waiting for your prompt response,

With Regards,

Gourav Jain CA

Is a revised return of TDS the same as a correction statement?

If the assessee does not have an internet banking account can somebody else pay the tax on his behalf through his internet abnking account?
also can the taxes be paid through one's credit card?

want to know tax exempiton of purchase of plot

1. Whether residential plot is coming under the word residential house property for the purpose of Sec.80C.

2.Exemption for interest accured on plot loan u/s 24 of Income Tax, 1961.

3.If a personal loan (not the Housing Loan) is taken for purchase of Plot & residential house , then whether in that case also

For Ast Year 2008-09 Mr. X an employer, deducted tax at source on Int. is Rs. 10,000. The same is remitted within due date also. But after the payment, Mr. X comes to know that he is deducted & remitted excess Rs. 5,000 to Govt. Now the question is,

Can he adjust the same i.e. excess amount Rs. 5,000, against any other TDS payable for the same Ast.Year?

Re.

Arun Dongre

had been pruchased a plot at delhi on April 3, 2008. I had made full and final payment of the plot by taking a loan of Rs. 11 lakh from bank, whose recovery from my pay is Rs. 11000 pm.

1. Can a Retail custmoer pay tax on behalf of corporate assessee. what can be done if the assessee does not have account with bank providing e-payment

2. Is it compulsory to make Payment of TDS also via E-payment

Hi

Can a CA pay Taxes online on behalf of its Clients by opening a seperate bank account having Internet Banking Facility in that.

Thanks

One of the employee of our company is working on Canada on behalf of the company.We are deducting TDS on salary paid. He is saying that he is also paying taxes on canada for the same income.
How can he get the benefit?
Do India have an DTA agreement with Canada?