Now the TDS rate is 10% for professional fees.
is the surcharge applicable for tds on prof fees?

Please provide me the details for the same.

WHAT ARE THE REQUIREMENTS FOR PAN CARD IN THE BELOW MENTIONED CASE:

MR. ABC WAS KARTA OF XYZ H.U.F BUT HE EXPIRED ON 13TH APRIL,2008 NOW AFTER THIS NEXT ELDER MEMBER OF THE FAMILY WILL BECOME THE KARTA OF H.U.F AS PER THE RULES. NOW THE PROBLEM IS THAT THE NAME OF H.U.F WILL REMAILN THE SAME BUT THE NAME & SIGNATURE OF KARTA WILL CHANGE, THAT IS NOW THE KARTA OF HUF IS PQR WHO IS THE NEXT ELDER MEMBER OF THE FAMILY.

NOW I WANT TO KNOW THAT WHAT ARE THE REQUIREMENTS FOR MAKING CORRECTIONS IN THE PAN OF XYZ H.U.F FOR CHANGE OF NAME & SIGN OF KARTA.

MUST REPLY FOR MY QUARY


THANKS

i received form 16A(tds certificate) from one of my party without pan no. of the company(deductee). I think that party may filed tds return with 'pannotavailabe'.

I want to know whether my company able to get tax credit from above form 16A.???

I have taken home loan on sep-09. The EMI from home loan is started from oct-09. The flat for which the loan is taken is still not completed. The same will be completed after mar-10. May I claim the interest which included in EMI as loss from House property in this year 2009-10.

As finance minister has announced the new tax slab. but there is no clearification regarding women tax payer and sinor citizen so please confirm me whit are the slab for these specilised category

We are educational institute (Pvt Ltd. Co.) providing material to students making payment to the professors for preparation of sylalbus for the students. There salary or prof fees depends on the syllabus prepared by them, its changes.
So, can we deduct the PT from theirs prof fees or TDS? and what is the regulation for the same?

what is the wealth tax amount in the following case?
1. if an individual owns a residential property (cost 20 Lakhs including land) and present market value 30 Lakhs and also owns a vacant Urban land (cost 40 Lakhs)
2. are any of the above assets exempted?

thanks in advance

I'm a Mumbai-based Sub-broker registered with SEBI. For my office, I have hired a peon and a dealer. If I wish to pay them a salary and deduct the same as an expense in my income, what are the necessary registrations required.

If Profession Tax is to be deducted from my employees, what is the slab if any, and who needs to file the returns of Profession Tax? The Employee? or the Employer.

If the Employer is filing returns for profession tax, is it to be filed on an annual basis or quarterly?

Apart from Profession Tax, which other deductions are to be made while computing salaries?

We have a piece of plot owned through inheritance from Great Grandfather. The present plot was tranferred in the name of my father in 1994.Now we like to dispose the plot , at the same time seek to be benefitted under the capital gain tax. Kindly advise in context of the following :-
(1) Can I show the sale realisation to close home loan already running in my name; the logic being that the realisation has come from ancestrol property and I being the inheritor of the family stand to have my share out of the ancestrol property. Also , if any tax possibility under capital gain can be used to nullify home loan prior to gain under capital gain
(2) If not (1) above, then apart from investing the sale proceeds into another house what other option could be there to nullify the tax under capital gain
(3) It is to be mentioned that the govt rate will be Rs 220.00 per sq ft and sale deed shall be on the same value.

Hi,
I have a question regarding taxpaying. I have lost my father last October 2009.He was a retired person and he filed his return (thought he had no tax to pay).

Now with his sudden demise,my mother has received a lumpsum amount of Rs 1.5 lac from LIC Varistha Bima Yojana & an amount of Rs 1.09 lac from Employees Provident Fund & now she receives a regular income of Rs 545 as monthly pension from EPF.Other than this she receives some minimal amt as dividend from shares which are in the name of - [a]my father only [b] my mother & my father both.

My Mother is a housewife.And now with my father's demise will she be required to pay tax?If her income is taxable for this year & then not taxable in the next year then does she still hve to file return next year also. Will the 2 lumpsum amt that she has received from LIC & EPF be taxable? Is there any manner by which I can save tax ( as she is financial not strong)?Please suggest some investment option for her keeping in mind that she has a studying son(for which they may need maney soon) & a married daughter(ie me). I have heard some investment option-

[a] MIS - but there the money will be for 6 yrs & penalty will b there if I withdraw before 6 yrs but MIS is exempt from tax?

[b] FD - but it is not tax exempt?

I need to know about investment that will not have a long duration & also be tax exempt.

I will be highly grateful if someone reverts me back with suggession as I am totally confused.

Thanking you
Anjana