Respected Sir, Please provide me your opinions: My Client is running a business of Tax Payment Services and engaged in consultancy business having a valid Trade License, my question is he is maintaining Current Account for transaction and he use to collect cash from different client and he paid the online tax on behalf of his client such as Income Tax, Service Tax & VAT Tax. Secondly accepting of Cash and making of online payment in favor of Direct Taxes and Indirect Taxes againt which he charges Rs. 50/- as tax payment charges for each transaction, is there any wrong in the above business, or is their any violation of provision of Income Tax or any other Law. Please advice me.

Dear Sir, I am a shopkeeper based in Delhi. I am selling sarees and dress materials. I have a daily estimated sale of about 250000 (Two lakh and fifty thousand only) mostly in cash. Ever since this notification of discontinuation of old 500 and 1000 notes we are experiencing a huge rush at our store. I want to confirm that as per the notification would I be able to deposit the current cash sale proceeds (in form of old notes) in our bank account till 30/12/2016 or not. As per our tax consultants we can deposit OHD notes in our bank account only if we are having cash in hand in our books prior to 08/11/2016; if there is any OHD cash generated post 08/11/2016 it won't be treated as legal tender and henceforth will be rejected from our books of accounts at the time of assessment. Kindly advise against the above query immediately and oblige. With best Regards Ashish Jain

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TILL WHAT DATE I CAN PAY SERVICE TAX FOR THE MONTH OF OCT

I had performed various hiring contracts of army during the financial years from 31.0308 to 31.03.11. The army had deducted substantial amount TDS (approx.10.00 lac) from our bills each year and issued me TDS certificates. I had claimed credits of the same in my IT Returns on the basis of TDS certificates. The army had not filed TDS returns. Now, the income deptt. has not allowed me credit against the same and issued me demand for each year. I had requested army deptt. several times to file the TDS returns, but they have nor filed yet. Please guide me as what should I do now to get credit for the TDS as army is not cooperating at all in this matter ?

Wishes of the day, for AY 2013-14, the tax is deducted from my salary, but the same is not reflected in 26AS statement. Several times I requested the deducted to file revised TDS but no response. As consequence a demand is raised from AO for subject AY. Please guide me how to resolve the matter. Due to which my subsequent years refunds are also pending with CPC

please suggest me what is the difference between TIN v/s TAN ?

What is transfer pricing?

Hello sir/ma'am,
I have a query and i am confident enough that you would clarify my doubt.
The thing is i recently joined an institution where i had to teach a particular subject, for 3 hours a day. At the time of joining they told me that i would get paid 10,000 rs per subject. I taught the same subject in 3 of their branches so as per the agreement the total amount which had to receive is rs 30,000. It took almost 50 days for me to complete the syllabus of that subject in all 3 branches. However at the time of payment, they deducted Tax deducted at source(tds) and paid me somewhere around 27,000 rs. As far as i know tds is deducted on salary but i don't think that getting paid for teaching PER SUBJECT can be considered as salary instead it could be termed as professional fees. And moreover i took 50 days to complete the subject syllabus so am being paid 27000 for 50 days and not for 30 days to term it as a salary. And as salary is paid periodically i am not sure that next time when will i teach there again as i finished my subject and i have to wait for the next batches to come to teach again and it would take more than 2 months for the next batches of students to come. In the meantime i am not earning anything. I am very confused on this matter please help me reach to a logical conclusion.

P.S: When i asked my employer that i was promised to be paid rs 30,000 rs and at the time of joining they didn't told me anything about tds deduction so deducting tds is unfair they simply put aside my concern by saying that it is the government which is deducting it and i can reclaim my tds deduction by filling a form.

Suppose, i have paid Rs. 25,000 to Contractor and had not deduct TDS U/s 194C on the same as it does not Exceed Rs. 30,000,
Now after 10days, i have made payment of Rs. 55,000 to Contractor,
(1) Do i need to deduct TDS on Rs. 80,000 (25K+55K)
(2) Consequences on non-deduction of TDS on 1st Payment.
(3) What if I do not Deduct TDS on the 1st payment.

Dear Sir

in medical store what liability apply store start in the month of Aug-2016