In most of the cases gratuity is deducted @ 4.81% of basic. why the rate is taken as 4.81%. was it anywhere mentioned under the payment of gratuity act?
if yes, under which section?

In which amount tds Would be deducted when professional charges included service tax

Any gifts given on the occasion of a festival (say for eg. Diwali) will be treated under "gifts" or "festival expenses" for the purpose of FBT?

what section is applicable and how much tds rate is deducted when we hire computers

Kindly tell me that a person having income from salary as well as from ohter income (insurance commission) not interest the which ITR form will be used 1 or 2.

If a TDS Certificate is issued for an excess amount, what should be the course of action available with the Company?

For eg: Company has deducted Rs 10,000/- and deposited the same but issues certificate for Rs 12,000 by mistake.

If a TDS Certificate is issued for an excess amount, what should be the course of action available with the Company?

For eg: Company has deducted Rs 10,000/- and deposited the same but issues certificate for Rs 12,000 by mistake.

One of our vendor has lost TDS certificate issued to him in his premises and
requested to issue duplicate certificate. Whether there is any offence issuing duplicate TDS certificate and we need a FIR from the party?
Please clarify.

M/S 'X' BEING A PARTNERSHIP FIRM HAD RECEIVED RS.10 LACS INTEREST ON INCOME TAX REFUND. THE INCOME TAX REFUND WAS DUE TO EXTRA TAX PAID DUE TO INCOME TAX OFFICERS ORDER BUT FIRM WENT FOR APPEAL AND SAME WAS ALLOWED, SO INCOME TAX REFUND WAS RECEIVED WITH INTEREST ON IT. DURING FINANCIAL YEAR 2007-08 THERE WAS NO OTHER INCOME THAN THIS INT ON INCOME TAX REFUND.

NOW THE QUESTION IS , WHETHER THE SAID INCOME IS CONSIDERED AAS BUSINESS INCOME AND SAME CAN BE SET OFF AGAINST EARLIER BUSINESS LOSS. OR IT WILL BE CONSIDERED AS OTHER INCOME AND FIRM WILL HAVE TO PAY TAX ON IT ?

Hi, can any one explain the procedure of filing online returns,what all forms to be used, how it is to be filed?