My client in USA a foreign national (Indian by birth)intends to provide consultancy service to his Indian client. He does not have any office in India. He bills from US and his clients makes payment to his account in US Dollar against the bill. His client says he has to deduct TDS on the amount payable.
1. Is TDS applicable in this case??
2. If deducted how can the same be claimed from I Tax Deptt.as he does not have any PAN in India?
3. Does he need to pay further tax on the billed amount?
4. Is service tax also applicable in this case?

tell me about Children education Allowance & Children hostel expenditure Allowance.

i want to know that exempted amount Rs. 100 per child P.M. upto 2 children & 300 per child P.M. upto 2 children is applicable when employee has child or not if employee has not a child than i can take a exemption upto 2 children or not

Dear All,

Loss incurred on account of Income received twds Rent on Let Out Property can be mentioned in the declaration given by the company for working of TDS on salary
If Yes than the company can take into consideration the Loss incurred twds Rent on LOP and the same can be set off towards TDS payable arising on salary income

Regards

Ravi Konda

STT PAID ON SHORT TERM CAPITAL GAIN WHETHER ALLOWABLE EXPENDITURE OR NOT FOR F.Y 2008-09? BECAUSE THE AMENDMENT SAYS THAT STT BE ALLOWABLE U/S 36 IF INCOME IS INCLUDED UNDER PROFIT AND GAINS FROM BUSINESS AND PROFESSION.

under sec74 of income tax act 1961, long term capital loss from shares can be set off against long term capital gain,
if an individual has not paid an stt on shares then wheather long term capital loss from shares will be available for set off against long term capital gain???????
but if an individual has paid the stt then wheather set off will be available or not????????

Please explain me provision u/s80LA

How can I check at a glance that all the formulas in a worksheet (whether simetric formula/not)are correctly given or not while I am auditing some calculation in a worksheet? Formula auditing mode (so far as I know) displays the path of the formula given in a particular cell and not that of all the formulas at a time.

While making payment of income tax( on regular assessment)thru e-tax (SBI Online)
due to session expired we could not print challan but tax has credited to Income-Tax & debited to our bank in this regard I would like to know following:

1. How to obtain challan & challan Number.
2. if not able to print the challan how to prove IT that tax is paid.

I have recived 2 monts (feb & march) Rent bill of Rs. 60000/- month Plus service Tax.

I have to deduct TDS on It Or Not.
Bill

Rent Feb & March- 120000
Service Tax 12360
Bill amount 132360/-

Q- Tds deduct or not
Because in 194 I specify if rent Exceeds 120000/-.

Dear all,
what all are included in salary for the putpose of Professional tax ?