A company owns 4 flats along with some other companies and individuals. The Flat Owners Association decided to collect Rs.20000/- for every flat for installing new lift and putting new electrical panels etc for common use. . The association carried out the repair/installation work through a contractor. The company had paid Rs.80000/- as its share and debited the expense as maintenance charges. The Association is carrying out such work on behalf of all the flat owners and it has no intention of doing any other business.
Should the company is liable to deduct TDS for the share paid to the Flat Owners Association u/s 194 C or any other section.
K.K.N.Namboodiri
Gross Professional Receipts from Abroad of Rs. 45,80,694
192 Salary of Rs 2,90,287
Bank FD Interest of Rs 6,25,180
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Total of Rs 54,96,161
Please give me suggestion either TAX AUDIT have to Made or Normal Business Returns have to file. Please give the suggistion sir
Dear All,
Greetings!
can you please provide the brief explanation regarding ESI and EPF Salary components, what are the wage components can be calculated for ESI and EPF (Minimum to Maximum amount) and which component will come under tax. and what is the tax percentage. please guide on this.
Thanks in advance
Regarding,
Ahammad
Pl let me know the procedure for correction of wrong PAN in the TDS Statements filed. i have requested for online correction but i didn't found PAN correction option in the Default tab.
please help.
if object of company is to manufacture & export of cattle feed and to undertake contracts and sub contracts relating to construction, modification, repairing, alteration, then whether it will be under
Manufacture of food products and beverages OR
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A person is resident India, receiving Income from Partnership Firm in Dubai. Since there is no taxation in Dubai, Whether Income from Partnership firm is taxable in Individual's hands ? does Indian Resident has to pay tax on Income from Partnership firm in Dubai (Interest/Remuneration/Share of Profit)
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Please advise.
Rakesh Sharma
Dear Sir please tell me procedure for applying Import Export code online. Any physical documents send to Zonal office after IEC issue
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
income tax