One of my client has purchased a Residential House from a NRI residing at Dubai.
He needs to make the payment to the NRI,so does he needs to deduct TDS on the payment?
The NRI has a NRE account and so the payment will be done in Indian Rupees only.
If he has to deduct TDS then at what rate?
What other compliances he need to do?

namaskar ji,

as per recent amendment sec 194i states that on sale of property of 50 lacs or more,the seller has to deduct tax @ 1% and deposit it elecctronically.

now my question is that are there any counters provided in the banks for depositing tax electronically or we have to deposit the tax online by our personal accounts electronically.

Any property transferred to a major son by father for inadequate consideration, will there be any clubbing of income, will the answer change if transferred to wife

Sec 194 IA and Budget 2013 wef 1.6.2013
I am the buyer purchasing prop valued Rs.60L as per sale deed .
Home loan was availed for Rs.48 L and balance of Rs.12L out of my savings.
Rs.10 L paid in April 2013 by cheque and Rs.2 L paid on 30.5.2013 and Rs.48 L on 31.5.2013 ( home loan disb ) , both by Bankers cheques, mentioned in sale deed also.
I could register the sale deed with Registrar office only on 3rd June
Since full payments were made on or before 31.5.13, is the TDS of 1% applicable in this case? I have not paid the same till date.

namaskar ji,

my client is earlier registered in service tax office with single premise at gujrat as a catering contractor.
now he has closed his work at gujrat and had moved to uttarakhand and now his place of business is in sidcul haridwar,

now since his place of business is in haridwar he had to get registration in jurisdictional office of haridwar. please guide me can he have more than one registration in service tax and o=now what should he do?

A RECENT SECTION TDS ON DIRECTORS REMUNERATION UNDER SECTION 194j(1)(ba) implemented on from 01.07.2012, where it is mentioned that the tds on remuneration will be deduct @10%.but whenever i filling tds return as salary 92b section it is auto calculated in rpu as incometax slab wise.

Therefor please anybody help me in this point how i fill up the tds return and in which section i have to deposit the money on TDS ON DIRECTORS REMUNERATION SECTION 194j(1)(ba)

pl help me

mob-9232768472

An Assessee Pursuing Job in Vietnam Paid tax and filed his return of Income for Ay 2012-13 in Vietnam.He is in India for 156 days .Through calculations his Residential Status is ROR. He had an apartment in India and Paying EMI of Rs 16,000/- There is no other Source of Income in India. Should he also File IT Return in India For AY 2012-13?

Dear Sir/Madam,

Kindly request you to solve the query to the erliest.

A pvt company has provided a director foreign tour with his family and the company is paying all the expenses. what are the limitations under companies act and how shud be the accounting treatment?

whether servicetax paid is debited in the profit & loss a/c is disallowed ? if yes under which section?

whether Tds paid debited is disallowed ?
(Actually this firm is not collecting any tds from payment. so tds collected not in their a/c. They just paying Tds to avoid disallowance of expenditure.)


waiting for reply

thanks.

EXPERTS,

WE BY MISTAKE UPLOADED RETURN WITHOUT SHOWING DEPRECIATION NOW WE RECEIVED INTIMATION U/S 143(1)IN WHICH THEY ARE DISALLOWING US DEPRECIATION HOW WE REPLY TO THEM ?

HOWEVER IN NEXT YEAR WE HAVE TAKEN WDV AFTER DEPRECIATION AMT.

WHAT IS TOBE DONE ? PLZ REPLY FAST OUR REFUND IS PENDING....