I need to file an application for my client U/s 195(2) for NIL deduction of tax certificate.
My client has already made payments to the non-resident prior to filing of an application.
Is he liable to deduct taxes on the amounts paid before the filing of an application?
Or the application filed with the officer would be valid for the financial year 01st April 2012 to 31st March 2013.
Please quote relevant case laws also.
Many thanks.

Hello everyone,

one of my client is a co-op housing society. it has filed belated TDS returns for fy 10-11 & 11-12.

total Tax deducted is Rs.5000/- which has been paid along with interest.

show cause notice is received by the assessee regarding why penalty should not be levied rs.100 per day of default subject to max tds rs.5000/-

reason for late filing is that secretary chairman were not aware about the due date and consultant also not advised them properly.

my question :
Can penalty be waived off by the commissioner on the above ground ??

XYZ COMPANY TOOK ON LEASE A MACHINERY & AFTER 3 YEARS PURCHASED IT THEREBY OWNING THE MACHINE.THE QUERY IS WHETHER THE MACHINE BE TREATED AS NEW MACHINE & WHERE OTHER CONDITIONS AS PER SEC 32 ARE FULFILLED.

PLEASE REPLY
THANKS IN ADV

WE WANT TO MAKE A PAYMENT FOR PURCHASE OF SOFTWARE FOR Rs. 210000/ HE HAS CHARGED SERVICE TAX ALSO , PLS. ADVISE ME T.D.S. APPLICABLE OR NOT? IF APPLICABLE UNDER WHICH SECTION SHALL WE DEDUCT?

Hi,
kindly clarify the following for FY 2012-13.
1.Have sold LAND - A (residential land) and claimed 54F exemption on the purchase of a HOUSE - B (Residential house) in the FY 2010-11 (both in the same year.
At that time of purchase of house-B had ONE more house HOUSE - A only, now to be termed as OLD RESIDENTIAL HOUSE.

2. In the year 2012-13 sold LAND - B. Can I avail section 54F for this FY 2012-13, if I proceed and invest the entire sale consideration obtained in the sale of LAND-B, for constructing an apartment unit, by demolishing HOUSE - A (OLD RESIDENTIAL HOUSE).
The apartment unit will be completed fully and a completion certificate will be obtained during the month of AUGUST 2013.

I have question regarding home loan interest. Suppose I want to buy a house worth Rs. 100. Now there are 3 co-owners of the house. The amount will be paid as Rs 40 in cash & Rs 20 per head as home loan. Co-owner A gives Rs 30 in cash and takes Rs 20 as home loan. Whereas Co-owner B&C give Rs 5 as cash and take Rs. 20 each as home loan. So share in home loan is 20:20:20. Thereby making share in the property as 50:25:25 for A:B:C. Now what will be the tax benefit for each co-owner on the interest of the EMI.

Date of Sale-30.04.2012
Assesse-Individual
Asset-off premises
what are various options to save LTCG tax?
pl reply at the earliest.thanks

in which type of foreign payment form no. 15ca is requird to submit to the bank. and also tds is deductible for which type of payment?????

I am having a HUF account in my name. I have one son and two daughter who are legal heirs. Now i want to close my HUF account and want to transfer my all properties in HUF account to my son. So what is the procedure to do it.

pls clarify my question regarding the below case.A person doing stock trading business he got 1200000 income during a year.He also trading personally in his account and incurred loss now my doubt is can show loss in his income tax return and can deduct such loss form above loss? if not how can show above loss in his return please clarify clearly by giving example.
Thanks in advance.
Regards,
Shivateja