will expenses incurred on car hire charges attract 194I or 194C

are we to deduct tax on the total bill amount or on the amount net of service tax

Urgent.

Should we deduct TDS@professional or contractor for payments made to a painter?

Painter Vs. Professional Painter.

Company A sells its office premises whose market value is Rs.9 crores to a person holding beneficial interest in the company at Rs.3 cores which is higher than the guidance value for payment of stamp duty under Section 50 C of the Income tax act. Kindly clarify:

The tax implication on company And also on the buyer.

During A.Y.2005-06 TDS deducted against payment to sub contractor was deposited late and hence expenditure was disallowed.During A.Y.2005-06 assessee was proprietor and During A.Y.2006-07 business was converted into Pvt Ltd Co.As per I Tax Act this expenditure will be allowed in A.Y.2006-07.
Query- Whether above expenditure will be allowed in the hands of Individual or in the hnads of Company ?

RESPECTED,

I DESIRE TO ISSUE TDS CERTIFICATE TO MY PARTIES. AS BE CAUSE there is a change of quarter number & ack.number in new 16A FORM from this Year.

May i Issue TDS CERTIFICATE in previous year format. It may be granted.

Thanking you.
manish

Respected,

I saw a new TDS CERTIFICATE FORM NO 16A.
I also saw there are QUARTER NUMBER AND ACKNOWLEDGEMENT NUMBER FOR THE 4 QUARTERS in new 16A form.

I WANT TO KNOW THAT WHICH ARE THESE NUMBERS ARE ? HOW CAN I GET IT ?

I ASK YOU BECAUSE I WANNA GIVE TDS CERTY TO MY PARTIES.

THANKS,
MANISH

can we put scan signature on Form 16A & Form 16 as we have large volume in both .

please reply asap

Chetan

Respected All,

Can any please let me know, what action can an I.T.O. take in case he finds an audited Balance sheet with difference in total assets and total liabilities.

Regards,

CA. Aman Jain

Dear sir/madam, pls. clarify that can i claim deduction u/s 24 to purchase a plot of land in a residential area on which construction is to be done later on? Secondly is possession complusory to claim the deduction? moreover if bank issues the certificate u/s 24 then whther i have to fullfill the above clauses or not? Sir pls. clarify it in detail as my employer is not accepting the certificate issued from bank on the ground that possession is complusory.