Can I receive Stipend in Cash? Is there any specific rules that Stipend should not be received in cash?? Can u plz let me know at earliest.

I am a senior citizen and I get a rent of Rs15000/- per month from a commercial company using my space. I would like to know about the TDS details regarding the same. Do I have to pay it and if yes then which form I need to submit…I would prefer if the detailed procedure is being communicated to me
Thank you for the same.

Dear Members,
My query is as under :

The salary income for the year AY 2009-10 is Rs. 43.00 lacs and interest income is Rs. 2.11 lacs. On salary income total tax deducted and paid is Rs. 13.00 lacs and on interest income which is from bank FD's the tds is Rs. 21,000. The total income tax payable is Rs. 13.72 lacs and after adjusting 13.21 already deducted as sum of Rs. 0.51 lacs is payable.

The query is whether 90% of assessed tax for the purpose of penalty u/s 234 B is to be taken for each heads of income or for the total income? Because if total income including salary and interest is taken, then there is no default, as the tax paid is well over 90%, however, if interest income is taken separately then the tax deducted falls short of 90% criterion.
The income tax software kitret deems there is a short fall in advance tax in the above example and calculates penalty u/s 234 b and c. Please clarify. Thanks.

hi..can anyone pls inform what happends if deductee has deducted TDS but not deposited it within duedate.....????

PLEASE PROVIDE THE SOLUTION AT THE EARLIEST

Is there Tax liability on withdrawl of Provident Fund

ASSESSE HOLD TWO HOUSE PROPERTY. oNE FLAT IS SOLE OWNERSHIP & THE OTHER JOINTLY WITH WIFE. PLEASE SUGGEST WHETHER ONE OF THE HOUSE PROPERTY WILL BE TREATED AS DEEMED TO BE LET OUT? PLEASE QUOTE THE SECTIUON & CASE LAW IF POSSIBLE. THANKS

I want to know that if the company pay the dividend to their shareholder and Co. pay the dividend distribution tax, then is it form 280 to fill the dividend distribution tax, if yes then is it income tax on companies or other than company, taxation type is 107, pls clearify.

What is the basic diff. between an executive and non-executive director.
Can A person become an executive director in more than one company???????????
A person has four companies. He is director in all companies and looking after the activities of all of them. He can be an executive director in all of them or not???????????????

I started investing 15k each year in ULIP plan in 2005 and the last payment was in August 2008. ecently I have redeemed my ULIP insurance which was running in loss.

What is the tax implication? Do I need to file revised returns for 2007-08?
Please advise.