HIMANSHU RANJAN NAYAK
18 November 2007 at 21:07

tds for scolarship to reserch students

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.


Manoj Kumar

Hi dear all,

whether TDS on roadshow required to be deducted u/s 194C or u/s 194J (Fee for professional services)


CA. Kirti S. Ganatra
17 November 2007 at 15:00

TDS on Freight

My question is whether TDS to deduct or not on Freight for goods exportd (Freight on Mumbai Port to destination abroad ).


Baljinder Singh
17 November 2007 at 14:27

Income Tax return A.Y. 2007-08

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


seshasai
16 November 2007 at 18:24

Regarding TDS

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.


seshasai
16 November 2007 at 18:21

Regarding TDS

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.


Hemal Parikh
16 November 2007 at 16:59

Warehousing & Storage

Hi,

Currently my client is owning a warehousing and which is given on rent for storage purpose.

What percentage of TDS should be deducted by lessor.

He is individual with receipt less than 10 lacs.

I will appreciate your answer supporting case law.


Amarjeet Singh
16 November 2007 at 15:24

Dividend u/s 2(22)(e)

Share premium is covered by the word to the extent accumulated profits.i.e. if to treat the amount of loan & advanses as deemed dividend amount of share premium also included.For ur reference as per The Companies Act,1956 dividend can not be declared from the accumulated profits.And as per the Income Tax Act it should be commercial & real profit what does commercial & real profit mean.


venkat
16 November 2007 at 10:56

FBT chargeability

is the staff welfare expoenses like food provided by the employer to labourers and guests is chargeable to FBT.


Manoj Kumar

If we have debited expenses a/c crediting expenses payable account without deducting TDS on closing date , in april while making payment we deducted TDS and deposited same on same date , what will be consequence ,in which TDS reture it need to be submitted and for which FY






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