Anjana
06 December 2012 at 17:34

Regarding new website-www.tdscpc.gov.in

How does the new website www.tdscpc.gov.in differ from www.tin-nsdl.com?
What are the various functions provided under this site?
What function will the old site render when this new site becomes operative?

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Anonymous

Dear Experts,

I have a query regarding the donations made to charitable trusts/NGO.

We are a "For profit" organisation,we raise funds for NGOs on their behalf, and we keep a margin/service charge from all the donations collected from donors.I understand that our 15% margin will be taxable income.
The NGOs will receive the remaining amount(85%)after deducting our margin/commission. Since,only the NGOs will be able to provide the 80G Receipt to the donors for tax benefit/Excemption.
Can the NGO provide the receipt through us?

We want the Donors to make contribution using our services and still get tax excemption for the 85% of the donation amount(which goes to the NGO)

how will this be shown in our books? how to make the tax benefits for donors possible?

your help is well appreciated,
Thank you.


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Abdul Latif
06 December 2012 at 11:28

Tds

I have purchased the 18750 Equity shares from two NRI each . The share is of Private Limited Company. I have to make the payment to them. One is holding NRO account in HSBC Bank in India and other is holding NRE account in ICICI Bank india. Both reside in USA. Can i make the payment in India rupee cheque to their NRE/NRO Account.? There is Loss on the sale of the equity shares and No TDS is there as there is loss. What procedure i have to follow. Shoul I require to submit Form 15CB, 15 CA if i make the payment in Indian Rupee Cheque. Should I require to file FC-TRS with RBI.Please suggest

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Arun Bansal
05 December 2012 at 10:59

Tds on foreign commission paid

We have msde the payment of commission (due against export of rice) paid to foreign company in USD threw bank and there is not any correspondence office in India of the foreign commission agent compant.

what is our TDS liability.

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sanjay kumar
01 December 2012 at 20:24

Regarding registration of tan

Sir, I want to registered my tan for filing my qtrly return. What is the procedure to registered my tan

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mansukh S.dholu
30 November 2012 at 17:42

Survey u/s 133a

servey by income tax on 18/01/2012 & Disclosed Rs.2,50,00,000.by negative cash.

my Question is as Under.

1) my Regular T.o is Below Rs,60,00,000/-

Can I File Return U/s 44AD

2)Can Scrutiny is Compalsory in Servey Case?

3)How Can Entry made in Books Of A/c Of Disclosed Income

4) How Can Treat In return of income as a Income from other or business

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Ravi Kumar
29 November 2012 at 17:52

Section 195 clarification

Our's a manufacturing Company remitting some USD to Non Resident Company(Germany). NR Company maintaining a website where our range of products will be displayed and for this purpose we are remitting the sum. This is sort of subscription charges paid to them. NR has no PE in India My Question is Whether TDS required to be deducted on the remittance?
Pls give your valuable openion on the same

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N. Patidar
29 November 2012 at 11:03

Transfer of company

ABC Ltd. is holding only one immovable property costing Rs. 25.00 Lacs since 2001. The Capital structure of the Company is Share Capital 1.00 Lacs and Unsecured deposits from directors and relatives of directors Rs. 24.00 Lacs. Now the comapny transferred 1.00 Shares to Mr X, Y, & Z at Rs. 1.00 and withdrawn Rs. 24.00 Lacs from Comapny and new promoter introduce Rs. 24.00 lacs. What will be the tax complications of Capital Gain. Plese quote relevant case laws

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T.M.Prabu
28 November 2012 at 19:41

Determination of tax



Dear sir,


whether or not attract interest on late furnishing the return of income in the following case?

A individual is not submitting the return of income for the assessment year 2011 - 12 in the assessment year 2012 - 13.

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SANJAY KUMAR AGARWAL
28 November 2012 at 12:57

Sale of agricultural/residential

If an agricultural land was purchased in 2008 for Rs. 500000/- .in 2012 the land is sold for Rs. 100000/- as residential land.
Will the profit is taxable as capital gain or not.

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