kindly explain both these forms and requirements there under

Hi,

We are Hyderabad based Pvt Ltd company and we need to pay USD 2000 to our consultant who is outside india. May be we will send it thru Online banking facility. My query is, is there any TDS or withholding Tax to be deducted while making the payment. If so how much to be deducted. If the person may not be having PAN Number, so how much to be deducted ? Secondly, is there any service tax issue in this. Please clarify in details

Sir
One of my Clients deduted Rs 5000 as TDS from Slaries on 31.12.2012 and remitted the same on 09.01.2013. Now a notice was received to remit Rs 150 being two months interest for the delay.Since the assesee in not clear how the delay of only two days will amounts to two months.Kindly give a reply in this regard
RGDS

Is income from agricultural activities on a diverted land (diverted for industrial use) exempt under Income Tax Act or is it taxable under the head "Income from Other Sources"? Any case laws on the same?

Hi,

I have Opened FD Account with Lakshmi Vilas Bank (Scheduled Commercial) for Rs. 50,000/- on 29th Aug 2013 with 5 Years Lock.

My Question is for FY 2013-2014 under 80C how much I can declare..?

1. is it exactly Rs.50,000/-
2. or I have to divide into 5 parts (per year) and put only Rs. 10,000/-

Please clarify me here,

Please Provide me procedure of filling 154 online on income tax site for my client tds rectification

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

A RESIDENTIAL HOUSE PROPERTY IS PURCHASE ON DATE 04/06/2005 FOR RS. 352510 INCLUDING STAMP CHARGE AND REGISTRATION CHARGES.

SAME IS SOLD ON DATE 29/07/2009 FOR RS. 675000/- THERE IS CAPITAL GAIN ON PROPERTY.

A NEW RESIDENTIAL FLAT PURCHASE ON DATE 24/11/2010 FOR RS. 1035195/- INCLUDING STAMP CHARGES AND REGISTRATION CHARGES AND ALSO 55275/- FOR LIFE TIME MAINTANANCE.

A CAPITAL GAIN WAS DEMANDED AS EXEMPTION IN THE ASSESSMENT YEAR 2010 - 2011.

NOW NEW PROPERTY WAS SOLD ON DATE 25/09/2012 FOR RS. 1060000/-

AND NEW HOUSE PURCHASE FOR RS. 1165200/- INCLUDING STAMP CHARGES AND REGISTRATION CHARGES

SO WHAT IS THE TAX TREATMENT ON THE ABOVE CASE

IT'S VERY URGENT

REPLY FAST AS EARLY AS POSSIBLE


THANKS IN ADVANCE

If an audit report(3CB-3CD) was filed but in the attachments, for balance sheet and Profit and loss A/c only 1 page each for both was uploaded without any annexures.

Are there any consequences of filing revised Audit report just to correct the mistake in these attachments?

Please reply. Its very urgent.

Can any one say me. What is criteria for not charging depreciation on building, whereas building is an depreciable item and AO will charge depreciation whether assesee charges or not. If assesse charges depreciation on building then it will be STCG u/s 50 otherwise LT on sale of building and consequent ly it will be exempt. assessed is company so u have to keep in companies Act also.