DEAR ALL,

A GOVERNMENT SOCIETY RECEIVES MAN POWER SERVICES FROM DIFFERENT NGO'S FOR ITS VARIOUS OFFICES. THESE NGO'S CHARGES MAN POWER COST PLUS SERVICE CHARGE IN THERE BILL.

AS AN INTERNAL AUDITOR, I WAS UNDER IMPRESSION THAT TDS IS NOT APPLICABLE & IF APPLICABLE, WILL ONLY BE DEDUCTED ONLY ON SERVICE CHARGES EXCEEDING 75,000. ALSO NGO'S ARE DEDUCTING TDS ON SALARY, IF APPLICABLE, OF THEIR EMPLOYEES WORKING WITH US.

NOW STATUTORY AUDITOR OF OUR GOVERNMENT SOCIETY HAS RAISED AUDIT OBJECTION FOR NON DEDUCTION OF TDS. PLEASE SAVE MY NECK BY SUGGESTING SOME PROVISION SO THAT I MAY SEEM CORRECT. PLEASE HELP.

THANKS
AMIT

when rent is paid for two flats to the same person i.e. same owner, then 194Ib will be applicable for the total payment made to the owner for both the flats together or individually we will consider the limit for each flat for deduction of TDS.

Dear Sir/Madam,

I am a freelancer which belongs to Sole Proprietor category (I think so). I have net profit and personal drawing. Please advise whether both are taxable or only net profit? It would be great if you can quote section number or judgement.

Thanks,
Ajit Kumar.

a client whose regular assessment for the A.Y.
2015-16 came with a tax payable of 6330.00 although there is no income
reflected on the form 26 as still the IT dept shown a difference the
states are as follows:-
Income shown by assesse- 310134.00 and as per IT dept it is 370882.00
can u guide me how to find the difference between these 2 and what to
do in this case.

Who introduced tax in India

what is tax treatment of agricalture income if income is more than Rs. 5000/-

is tcs applicable if former sells his agricultural produce to commission agent or dallal or trader or at apmc. if tcs not applicable for goods purchased for personal use then why tcs for jewellery

What is the due date for filing Trust's Form 10B and Return?

INCOME DECLARATION SCHEME 2016

In the following cases please let us know the amount to be offered for income declaration and tax be paid.

1. An assessee and his brother were co-owners of a property inherited from they father. They sold the property in the Financial year 2012/13. They sold for Rs.90,00,000 and each shared Rs.45,00,000 lakhs. The tax preparator has omitted to include capital gains in the income returned. Now what is the income to be offered and tax to be paid. While arriving at income whether they can deducted value of property as on 1.4.1981 and brokerage paid at the time of sale of property.

2. An assessee purchased the property for Rs.20,00,000 stamp duty and regd charges were paid in sum of Rs.2.40 Lakhs Forty Thousand as guide line value was Rs.30 Lakhs in another words the assessee has regd the documents for Rs.20 Lakhs as against guide line of Rs.30 Lakhs. Now how much is the income to be offered under the scheme and tax to be paid and what is the deduction he is eligible for.

Dear experts, Assessee has sended itrv to banglore after 120 days of filling the return..on website it is showing itrv received after due date..as this is the case of refund whether return will be processed and assessee will get refund.