Sir
I PAID A PART OF RS8000 IN THE MONTH OF APRIL. SO THERE IS NO TDS . BUT I PAID THE SAME PARY 60000 IN THE MONTH OF FEB. NOW THE QUESTION IS SHOULD I DEDUCT TDS OF WHOLE AMOUNT THAT IS RS 68000? IF YES SHOULD I PAY INTEREST? THE PERCENTAGE COLUMN IN ETDS FORM WILL BE CALCULATED ON RS 68000 0R RS60000.
SO SOMANY QUESTIONS, PLEASE SOLVE THIS.
My husband works in a private firm in Mumbai. My father-in-law runs his own auto spare parts firm, it is a partnership firm with my mother-in-law where her name is there only for records purposes, but for all practical purposes, the firm is run by my father-in-law. The firm has made huge business losses in the past 4-5 years. The creditors are calling up constantly and my father-in-law has decided to sell his house and assets to pay the creditors. However the amount will still not be enough to repay all the creditors.
I am concerned if my husband's assets can also get attached. He is not involved in the business and is a salaried employee in a firm. Please advise.
Hi all...
I want SBI TT Buying Rate for several date in last F.Y. I tried to serch on SBI Site but it provides only current rates. So pls let me know from where I can get SBI TT rates during previuous years..........
Sir I have a query about the tan no. We have a client who is individual and providing the technical consultancy in the name of a sole-proprietor firm.
Sinch his turnover exceeds Rs 10 lakhs therefore he is liable to tax audit and also need to deduct tax(TDS). My question is that if I have to apply for the TAN no. then whether TAN no should be taken in the name of soleproprietor or in the name of individual.??
Plz reply ....
if a concern is doing business relating to construction,and when they acquire any government contract, then whether they can claim the works contract tax as expenses, which is deducted and paid by the government on behalf of them
If a trust is not registered under sec 12A of Income tax Act, having gross receipts of Rs. 3,50,000 and expenses of Rs. 2,50,000 on the objects of trust for the year 2008-2009,
1) is the trust liable to tax under the income tax?
2) if so on what amount ? ie, on net income or gross receipts.
Please explain me the amendment made in sec.44AD an its implications. Whether it applies to all business and profession?
How does CENVAT credit on capital goods is treated in value of assets i.e
1. Full 100% credit is deducted in first year itself, OR
2. Taken proportionately in two years @ 50% each year?
CAclubindia
tds