Well this seems a very simple query.The current TDS rates applicable for Professional Fees would seem to be a bit on the higher side for those professionals whose margins are on the lower side, particularly when WORK is sublet to another Professional.

In this regard , CAN A Chartered Accountant enter into a Contract with the fellow CA and deduct tax at 2.266 % since there exists a contract for the services rendered .Or is it that the Rate would be 10 % + applicable surcharge / cess only since it involves Professional Services.

Is the contractor / Sub contractor clause meant only for labour / job contracts and the like.

Our friend was paid Rs.63000/- tds on salaires

and total 1 lakh 80 C completed


again his tax liability was Rs.5000/-

Please suggest investment otherthan 80C - because he was going to refund

plese sir help me

WE HAVE MADE AN AGREEMENT WITH ONE OF OUR RETIRED EMPLOYEE WHOC IS AN ADVOCATE AS REATINER AND ARE PAYING RS 70000/- PER MONTH. WE ARE NOT PAYING ANY OTHER BENEFIT TO HIM EXCEPT HE MAY NE ALLOWED 30 DAYS LEAVE AND CAN TRAVEL IN COMPANY ACCOUNT. PLEASE ADVISE UNDER WHICH SECTION TDS SHOULD BE DEUCTED ? WHETHER U/S 192 / 194 9C ) / 194 ( J )?

Hi Sir / Madam

As per my CTC I am getting reimbursement against phone bill , news paper bill from my co. But my question is as per IT it is treated as salary or it is only expenses reimburesement on which co is paying FBT? Means it is taxable or not.

Regards
Anil

Medical allwance & Medical reiumbursement what is the difference.


plase sir

Am not very clear abt this calculation.

I need explanation with an Eg.

So pls. ans this Q.

Re.

Dear sir,

If owner of the house property hirring his house for lease how we want to treat as per income tax act ?


If we are in rental house and an assessee is hiring that property for lease how we want to treat as per income tax act ?

Our organizations 1. Proprietor 2. Partnership firm 3. Joint Venture 4. Company

1) If failure to TDS with in time, up to how many days/months we can pay with interest.
When the expenditure will be added to Profit (I mean when the expenditure will be disallowed) and what is the Rate of Interest on TDS

2) If we will have receive the Form 15H/15G up to how much amount we can receive the Form 15H/15G and what is the required data collect from Party (amount Receiver)

3) Please specify the appropriate form for following

If party (amount receiver) is an Individual / HUF
If party (amount receiver) is Firm
If party (amount receiver) is Company
If party (amount receiver) is AOP

4) please Specify the Do’s and Don’ts for receipts of above forms

Thanking you sir
With regards
Balu

cheque received from grandmother(Dadi) in favour of grandson HUF consisting of self wife son & daughter. wheather HUF created? give other ways to create HUF.

Our company given medical allwance to employees

employees tax calculation avail that benefit employee are submit medical bills compulsory or not?

In which section in IT said medical bills compulsory ? please sir