What is the difference between software Development agencies and Information Tecchnology companies from FBT point of view.

1) What is the last date for filing 4th quarter TDS. Is it 15th April or 15th June.

2)Amount paid to NRI(USA) for cosulting services for pvt co. Where we need to deduct TDS or not. If yes U/s 195 or 194J @ what rate? Whether Double taxation agreement rules applicable or not?

3)UNICEF payment Rs. 12000/- U/s 80G whether full amount eligible or 50% only.

4)Whether School of Deaf amt paid Rs.10000/- whether 80G apply or not

hi all,
My query is if i have a contract with any contractor but sum of that contract doesn't fall into TDS deduction limit.
hence TDS not deducted upto previous invoice.but now contract has been amended and payable sum to this contract attract TDS as per rule.
now my question is that should i deduct TDS on whole amount billed till date.
and if i deduct TDS by considering all previous bills, will this attract interest?
pl suggest ASAP.

we got some refunds relating to various assessment years .cheques dated 17th of march have been received by us on 1st of april.refunds relating to tax payment and interest thereon.what are the entries to be passed and in which year we should account for that? Is there any effect on provision for taxation

Sir
A Property (Old House) given for Development to a builder with 60% to builder and 40 % to Land owner. The builder constructs 20 flats and 8 Flats were given to Land owner (4 Family members)and there is no monetary terms between the parties. What is the Capital Gain that to be paid by the Family members . Since the Development agreement between builder and site owner not registered the share of Land owner i.e 8 flats were registered by way of partition deed 3 flats each to 2 sons and 1 flat each to daughter. What is the Capital Gain that to be paid by the Family members . What are the exemptions ? How to arrive the sale consideration / cost of Acquisition. No flats were sold from Land owner share

Is TDS applicable for Intt on Late Payment?

Company has paid tax of the employee who is the Director/ MD. It is a perquisite in the hand of employee and is taxable in hands of employee. Is there any notification or circular which tells about that it would not be taxable.

Profit is shown as a Liability in the Balance Sheet which is added to Properitor's Capital but we have to pay incometax on profit which is another liability. Dont u think, we are generating one liability through another?

MY FRIEND WAS IT CONSULTANT RECEIVED FORM 16A FROM IT COMPANY AS CONTRACT PAYMENT.

HE WAS RECEIVED RS.1177973 TOTAL RECEIPT ON THAT TDS DEDUCTED BY IT COMPANY.

NOW HE WAS FILING IT RETURN (ITR 4) A.Y.2008-09.

PLEASE SUGGEST ME TO HOW TO PREPARE INCOME & EXPENDITURE STATEMENT OR AS PER SEC.44AA.
PLEASE TELL ME GROSS RECEIPTS

A ltd. Purchase Commercial Plot on 1.4.1995 for Rs. 35.00 Lacs and start construction of complex 1.4.2006
40 Units in Complex.
10 units booked on 10.4.2006 @10 lacs and receiving 10% for shop booking.
Receiving 50% upto 31.3.2007
Following Exp made up to 31.3.2007
Land 35.00 Lacs
Const Cost 102.00 Lacs
Administrative Exp. 25 Lacs
Intererst 30 Lacs

Find Income from business and treatment under AS-7, AS-9, AS-16

PLEASE also point out whether service tax, Works Contract tax applicable on above transaction, what rate of tax charge

Next year project is complete and only 10 units are sold remaining are letout on rent and cost incurred 200 lacs, land 35 lacs, interest 50 lacs, adm exp 20 lacs

Find Income from business and treatment under AS-7, AS-9, AS-16