anybody suggest me how to deposit my tds through online banking pls immeditely ans

anybody suggest me how to deposit my tds through online banking pls immeditely ans

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. In my opinion as the required amt is deposited with the govt. and there is merely a re-imbursement of actual cost and so TDS is not required. Could you plz substantiate your answer with some decided case laws/circulars.

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. In my opinion as the required amt is deposited with the govt. and there is merely a re-imbursement of actual cost and so TDS is not required. Could you plz substantiate your answer with some decided case laws/circulars.

respected all,

Is surcharge rate@ 10% is applicable even if a partnership firm makes a turnover below 1 crore.Is surcharge is compulsory to the firms.

pls clarify,

thanks.

IS the celebration for 100 day exhibition of a film by a film distribution firm is liable to FBT, which is shown as advertising expenses in P & L a/c and it includes gifts to celebrities and momentos and food and accomadation to guests. ?

Whether trading activity (exports) of an 100% EOU in preconstruction period is subject to exemption ?

The travellig expenses of directors and employees of parent foreign company to Indian subsidiaries in connection with business in India is liable to FBT?

I want to know that what is the basic difference between Notification & Circular. Which is more powerfull. Kindly advice me.

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. Could you plz substantiate your answer with some decided case laws/circulars. Thanks

Dear Sir,

I have one query regarding the TDS rate,When actually we can determine when the tds rate will be applicable with surcharge and when without surcharge.When I referred TDS chart I seen that It is on the basis of Total Payment made to the party during the year,but my query is that whether that 1 Crore & 10 lakh limit is for Payment or for Income of the party? I mean to say If total payment exceeds Rs 1 crore in case of Company & Firm & 10 lacs in case of HUF then TDS rate with surcharge applicable or when the Income of Compay,Firm or HUF exceeds above limit?

Kindly resolve my query and reply asap

Thank you