Ours is a Private company having a Joint venture with a Saudi based Company.Majority of the stake is owned by d foreign co.
When I declare n pay dividend, should I deduct TDS.
What wud be ur answer if it is TDS on interest paid to a non-resident?

Pls cud yu give me a detailed explanation, if possible.

sir,
i wanna to ask if a person is citizen of any country &he is not resident any where then how we recognise that where it's income is tax payable

Sir,

We are partnership firm. we already prepared data for TDS of last year to issue to our parties. But we cant clear out that the format of tds certificate is valid that we issued last year or there may be change in it ? I also confused about the last quarter and challan number to prescribe in 16A form ? Guide me .

Thanking you.

Dear Sir,

I am a working in accounting team of a consultancy Company. I am facing a problem while deducting TDS on hired Taxi, I am confused whether i should deduct TDS on Contractor u/s 194 C or TDS on Rent u/s 194 I.

Please answer my query & tell me what should I do while deducting TDS on Hired Taxi Services, please explain with the authority of law in supporting to your answer so that I will be able to convince the other members of my Organisation.

Regards,
Nishant Kumar
Mob. 098688-12448

u/s 40a(3)of income tax act it is stated that cash payment limit is 20,000 for the any business exp. except the transactions given in rule 6dd,i want to know that the limit is per transaction or per person at one time?if there is purchase exp.for rs.76,000 and if i want to pay whole amt in cash to one person then what to do?can i make bifercation of that amt in 4 transaction for payment to the same person?can i purchase for more than 20,000 in cash from the one person?

Is TDS deductible on Dividends distributed outside india?

one of my clients is a stock broking partnerhip firm.it has franchisee of kotak securities and it is a member of mcx. whether it is liable to pay f.b.t. on telephone exps. and other exps.

We have entered into AMC (Apr 07 to Mar 08) for computer Scanners with M/s. LASON Inc, USA for $ 16000 In case any maintenance is required we have to send the scanners to US. No service is done in India. They don’t have any permanent establishment too in India. Does this transaction attract withholding Tax under the above circumstances?. To make the payment, being no customs and excise involvement, CA certification is required in Form B

MY QUERY IS IS IT POSSIBLE THAT PVT. LTD. SALE SHARES ANG EARN LTCG , IT CAN BE ADJUSTED BY INVESTMENT IN U/S 54 EC , PLS CLEAR ?

A widow aged 85 years has a property transferred to her on the death of her husband. Now she wants to sell the same for 2 crores in this year. She has never ever paid any tax. She has four children. How can the property be sold with no tax liability on the widow?