Is an individual not filled return before the due date? is there any penalty in this case?He is a tax audit Case? Pls reply?
Suppose i have two property, one is self occupied and one is let out.
I had taken loan for construction for both the property seply (1.5.2006)
I am paying interest on borrowing capital on both of them
For self occupied property i am paying interest 1,43,000 P.a.
& for let out propety i am paying 1,63,000 P.a
What the deduction can i claim on interest on borrowing capital.
Whether TDS u/s. 194C is to be deducted, if the assessee is to make payment which is in excess the limit prescribed in the section 194C to a printing press for supply of Printed Materials as per prescribed specification?
I have gone throught he circular No. 715 dated 08.08.1995, which says YES.
I have still some doubt in this, particularly after going through the judgemnt delivered in the case- “State of Madras v. Prasad Production (P.) Ltd. {1970} 25 STC 423(Mad.)”.
Dear sir,
whether TDS is required to be deducted from payment of scolarship to reserch student by a institution .If so what is the rate of tax and under what section it will be deducted.
Hi dear all,
whether TDS on roadshow required to be deducted u/s 194C or u/s 194J (Fee for professional services)
My question is whether TDS to deduct or not on Freight for goods exportd (Freight on Mumbai Port to destination abroad ).
Dear Sir,
My one client is doctor and he filed his income tax return for last five year with nominal amount of tax. But during the assessment year 2007-08 his gross Incomeis Rs.94452/- ie below taxable limit of Rs.1 lac. I tried my best to file the return to Income tax department, but the same has not been accepted by the department, as explaination given as
1. gross taxable income below taxable limit and no need to file return.
Pls advise me, what I can to avoid problem in future.
Regards
Baljinder Singh
I received one service bill. whether Tds has to be deducted including service tax or excluding service tax? Please give the reference of section/any case law.
I received one service bill. whether Tds has to be deducted including service tax or excluding service tax? Please give the reference of section/any case law.
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TDS on Ocean Freight