gopal malu
13 February 2008 at 13:54

Rate of TDS applicable for Paintings

An order for painting is given to a painter and 5 paintings are drawn by the painter. The total invoice is for Rs.90000/- Whether TDS rate will be applied as per the rate of contractor or Professional?
Is there any CBDT circular? If any, I want the Circular Number.
Thank you.


Narpat S Gaur
13 February 2008 at 13:37

Deduction

can a salaried person avail deduction from income tax if he is not receiving house rent allowance from employer. if yes then under which section and what document he should be produce.


PIYUSH SINGH
13 February 2008 at 11:29

INCOME TAX OF EMPLOYEE PAID BY EMPLOYER.

COULD YOU PLEASE HELP ME OUT. MY QUESTION IS THAT IF INCOME TAX OF EMPLOYEE IS PAID BY EMPLOYER THEN WHAT IS ITS TAX OBLIGATION? IN BOTH THE CASES (1)MONETARY PERQUISITE, (2)NON- MONETARY PERQUISITE.PLEASE SOLVE MY QUERY IMEDIATELY. THANK YOU IN ADVANCE. BYEEEEEEEEEE.


CA Hemant T Dewani
13 February 2008 at 11:15

received gift from foreign

a person received gift from his foreign
friend in foreign currency are liable to income tax as a gift


CA Hemant T Dewani
13 February 2008 at 11:05

capital gain

a person sold a land which is beyoud eight km.from muncipal area and population is less than 10000 as per last cencus but land is uncultivate in 7x12 abstract. whether full exemption is availabal u/s 54B of the income tax act

Thanks


ankitha
13 February 2008 at 09:23

Co - Operative societies

Whether Income of co - operative society registered under Tamilnadu government is exempt under Income tax act according to sec 10(23c) subject to limit of 1 Crore.
However Sec 10(23c)(iv) donot specifically say about co - operatives but it just say "any other fund or institution established for charitable purpose" does it means it includes Co-operative society? Or there are separate provisions for Co- operative society Plz help.


Vivek
12 February 2008 at 13:36

Tax deducted at source

A company had received rental income of Rs.25000pm after deducting TDS during the previous year 2006-07. But the rent payer has not issued a TDS certificate to the company for the period till date. Whether the company is eligible to claim the TDS during AY 2008-09
(PY 2007-08)upon receipt of certificate?


siva
12 February 2008 at 12:30

FBT On Inetrnet Charges

Sir,
Whether FBT is payble on Internet Charges of the Company booked under the group Telephone Expenses ?


Richa
12 February 2008 at 11:26

Securiy Transaction Tax

An insurance company regularly invests huge funds in market for earning gains for policyholders.Can you please confirm if it needs to track the STT paid on the purchase of shares from the secondary market from Tax’s perspective.
Also, confirm the STT rate on equity.
Kindly revert asap. Its urgent.


philip
12 February 2008 at 08:28

Employees Tuition Fees u/s 80c

Is employees tuition fees (for self education) eligible under investments u/s 80c





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