There are two employees working with us who are from Nepal. Company's employees contributed PL/cash for them and company is making the cheque in favor of those two employees for Rs 1 Lacs each and recover the same amount from employees's salary / PL. Will TDS applicable on this donation?

Please advise.

Dear sir, An HUF receives a sum of Rs.425000/- in the beginning of this financial year, of 30 yrs. old litigation this year through cheque as settlement amount through court. The basic amount was been shown since 30 yrs. Rs.115000/-in HUF Balance sheet (assets side)as debtors. Since 30 yrs. no provision of interest was made on that litigation amount. What would be the tax implications for that as that HUF income is only interest income about 80000/- annually .. Kindly suggest ways to save income tax . Are there any investment plans to save the entire amount from taxation. kindly guide me. Also suggest some related articles/posts/ threads to read in this regard. thanks. shrenik kumar sancheti.

Hello everybody
My problem is that one assessee is taking salary 20000 per month from a firm TDS is not deducted and also obtained commission of rs. 120000 from another firm on which tax has been deducted. is any income of these dis allowable?

Dear Experts,

Mr Y has entered into an agreement of sale on 2nd March 2015 and received advance of Rs 1 crore. Total sales value is 8 crore

the question is whether this 1crore is liable to tax in the FY 2014-15?? whether there is any capital gain?? if there is any case law dealing such situation ???

One of our client had filed return for FY 2005-06 when everything was manual. The return showed Tax refundable. But refund did not took place. Is it possible to claim refund of such year? and if yes, please tell me the procedure. Also, my second doubt is.. if we are to get refund and we are filing return for subsequent year then can we set off granted refund for first year against tax payable for such subsequent year? or cannot be setoff?

DEAR EXPERT,

A COMPANY (LIMITED COMPANY) RECEIVES CERTAIN SERVICE FROM AN INDIVIDUAL. THE COMPANY PAYS AMOUNT TO THE INDIVIDUAL FORTNIGHTLY BASIS. FOR SERVICES PERFORMED FROM 1ST JUNE TO 15TH JUNE, INDIVIDUAL ISSUES INVOICE ON 15TH JUNE AND COMPANIES PAY TO INDIVIDUAL ON 16TH JUNE AFTER DEDUCTING TDS. FOR SERVICES RENDERED FROM 16TH JUNE TO 30TH JUNE, INDIVIDUAL ISSUES INVOICE ON 30TH JUNE AND COMPANIES PAYS TO INDIVIDUAL ON 1ST JULY AFTER DEDUCTING TDS.

MY QUERIES IS

1) WITH REGARD TO PAYMENT OF AMOUNT PERTAINING TO THE PERIOD 16TH TO 30TH (COMPANY PAYS ON 1ST) WHEN THE COMPANY HAS TO REMIT TO GOVERNMENT
A) ON 7TH JULY B) ON 7TH AUGUST?

2) WHETHER RETURN HAS TO FILED IN 1ST QUARTER OR ON 2ND QUARTER?

THANK YOU IN ADVANCE.

One of professional service provider has raised bill of Rs.5 lacs.
We have to deduct Rs.2 lac (against previous bill already paid after deducting tds of Rs.20000, the same was related to other service which was not properly provided as per agreement & not pertaining to Rs.5 lac bill as above)

So, net payment will be Rs.3 lacs
whether tds is deductible on Rs.5 lac or Rs.3 lac ?

Flats booked via Builder falls within the purview of construction. Hence, timelimit of 3 years after date of transfer is applicable. Please clarify if letter of allotement is received before date of transfer and possession is sought to be received within prescribed 3 years will the exemption u/s 54 shall be available ?

hai
its seen in e tutorial that "Digital Signatures are not mandatory in challan correction" but when i progress with online challan correction its asking for digital signature. how to solve this prblm??

Thank you

My current rent of office is ₹ 37260
I am paying ₹ 33534 after deducting TDS 10%
for the month of april i paid rent in may
then what is my interest rate for TDS of ₹ 3726. will it be for two month or one month