section 195 tds


Ministry of Finance denies any collaboration with the tainted UK based Note Printing Company

There have been reports in sections of media stating that the Union Government has compromised the national interest by collaborating with a tainted UK based Note Printing Company The said company had been supplying bank note paper till 2010 Further as per the decision taken in 2013 the company was

Govt says it respects the autonomy of RBI

There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India Consultations between the Government and t

Old notes returned figures might change says RBI

Clarification regarding Specified Bank Notes SBNs There had been various estimates on SBNs tendered in certain sections We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country

Appointment of Chairperson in Appellate Authority u/s 22A of The Chartered Accountants Act, 1949

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi the 13th December 2016 G S R 1130 E In exercise of the powers conferred by sub section 1 of section 22A of the Chartered Accountants Act 1949 38 of 1949 section 22A of the Cost and Works Accountants Act 1959 23 of 1959 and section 22A of the Compa

Ordinance on cessation of liabilities of old notes

MINISTRY OF FINANCE Department of Economic Affairs NOTIFICATION New Delhi the 30thDecember 2016 S O 4251 E In exercise of the powers conferred by clause b of sub section 1 of section 2 read with clause i of sub section 1 of section 4 of the Specified Bank Notes Cessation of Liabilities Ordinance 201

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Protection of gratuity( section. 13)

Dear sir gratuity payable to an employee shall not be liable to attachment in execution of any decree or orders of the civil or revenue or criminal court what is the meaning of this statement

Claiming tds against card game (194b section)

Hi all Classic rummy has deducted 16k as tds where as I didnt pay any tax upto now So I dont have idea how to claim that amount Whatever I deposited amount I done it with credit card and even I lost more than winning amount So I cant even think of losing this money Im residing in rented house and my

Applicability of tds

One of my clients is having turnover of Rs 1 50 crore in FY 2016 17 and he does not want to declare profit 8 under section 44AD So he has to get his account audited by CA under section 44AB Now I want to know whether tds provisions will be Applicable to him for FY 2017 18


I made advance payment of Rs 740000 as interest free unsecured loan in F Y 2015 16 Note F Y 2014 15 is not audited u s 44AB I adjusted such amount for job work expenses in Qtr 3 F Y 2016 17 Now should I deduct TDS in Qtr 1 or Qtr 3 of F Y 2016 17


We had paid Rs 40250 to our CA including service tax for the m o oct 2016 as on 20 10 2016 now I want to deduct TDS on that it comes rs 3500 I have passed the following entries kindly confirm if I passed the correct entries 1 Legal Professional fee Dr 43750 CA Firm A c CR 43750 2 CA Firm A c DR 4375


Tds on transporter

Please tell me if I am paying to a transporter an amount exceeding threshold limit and I have received the declaration regarding less than 10 trucks then do I need to show that entry in the TDS return along with the tag TDS is not deducted due to declaration received Or alternatively I have to skip

Tds deduction & voucher making

Sir Sirs Please slove my query Situation Company A approched X Properties Consultant and acquired 5BHK Unit No 6P Hfor setting up his office They charged the co invoice as like this Brokerage charges Rs 375000 Service tax 15 Rs 56250 Total 4 31 250 a On which amount the co can deduct TDS b Here ST i

Section 154d of it act


Section 154d of it act


Section 44ada and 44ad

Dear Sir we are having partnership Which is work as hospital In that partnership there are 4 partner among them 2 are not Doctor but other 2 are doctor we are also appoint other Doctors on salary basis What should we consider it i e Business Or Profession Which section will be applicable to us i e 4

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Analysis of Section 44AD Presumptive Taxation

Profits and gains of business on presumptive basis Section 44 AD 1 Notwithstanding anything contained in Sec 28 to Sec 43C that means deduction under thesesections will not be allowed in case of an eligible assessee should not be a LLP or a Company engaged in eligible business not applicable on Prof

Holding 100% control over a company - Section 89 of the companies act, 2013

Companies Act 2013 gives freedom to the Companies to do anything which is legal and in the interest of stakeholders but with the approval of authority or by intimating authority in a manner as may be prescribed by the act In Companies Act 2013 section 89 is the only section which gives a way to a pe

Section 80IBA - Deduction for Affordable Housing Projects

In view of promoting the affordable housing projects in India the Finance Minister Shri Arun Jaitley introduced the section for tax benefits for the builders promoting affordable housing schemes Section 80IBA deals with 100 deductions for the builders promoting affordable housing schemes subject to

Section 68 unexplained cash credits

The detailed analysis Applicability This section is applicable to all the assessees The amount is credited in the books of the assesses The assessee has no explanation about its nature or source or the explanation provided is not satisfactory Than the amount credited is treated as the income of the

TDS controversies - Top 25 rulings pronounced in 2016

Dear All We have another 6days for the wonderful year 2016 and as Sam Levenson say Dont watch the clock do what it does and Keep going Over the years the judicial forums have pronounced immense tax litigation involving issues pertaining to TDS I was just trying to recollect which ruling on TDS I sho

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Updated on : 1/19/2017 12:26:11 PM

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