Dear Sir,
PVT LTD Co. Case :- We have fixed our director's remuneration, addition to above company is willing to pay COMMISSION to directors(Variable portion).
1) Co. should deduct TDS on such Comm. U/s 194H/194J or 192B.

Thx.

Rahul

Dear Expert,

Whether TDS comes or not on Supervision charges to BESCOM( Arm of Electricity board of Karnataka Gov)...

now we have deecuted TDS @10%...but BESCOM people were telling

1) TDS is not applicable for Gov. companies..is this correct.. i think only of 194I its not applicable

2) whether payment of supervision charges to BESCOM would attract TDS?

Kindly clarify the same....

Regards

Can an officer charge a notional interest on the debit balance of a partner??? The firm is having a income for the year.

Dear Sir,

Please inform me that what is the limit salary in the FY 2009-2010 for the deduction of TDS

Thanking You Sir,

G S Raj Kumar

A FIRM SELLS PROPERTY IN BLOCK AND PURCHASES ANOTHER ONE IN SAME YEAR OF LITTLE HIGHER VALUE.RETURN IS FILED U/S 44AD HOW TO GIVE EFFECT.IF SHOWN UNDER BLOCK DEPRECIATION GETS REDUCED FROM BLOCK AND TOTAL INCOME.IS IT NECESSARY TO DISCLOSE IT AND IF SO HOW.ANY TAX LIABILITY.

Can a Chartered Accountant file a return of his client electronically with his own (chartered accountant's) digital signature. Please Reply. Thanks in Advance. Regards, Lakshmikant Hebare

Can i deduct input service charges(ST on Telephone Bill, Hotel Bill, Restaurant Bill, Etc.) from the output service charges before paying service tax in government account?
i have business of Travel Agency and Transport Services in Delhi.
please answer me..

thanking you..

Dear Experts,

Please help me in the following scenario:
I was employed from April 2011 till December 2011 with a company where in TAX was automatically deducted from my salary. Since I didn’t submitted rent receipt actuals, they have considered the entire HRA component as taxable and deducted IT accordingly. Also the 80C savings were not considered since the original receipts were not submitted.

Now i am filling the ITR-1 form for refunds. Please clarify me on following:
1. How should I claim HRA exemptions? I know the calculations for HRA, but not sure where to enter in ITR 1 as there’s no section specifying HRA exemption.
2. As I was reading some of the blogs, it was mentioned that I should deduct the HRA exempted amount from the total salary and then input this new amount as my taxable salary in ITR-1. Is this correct ?
3. If yes, then how IT department will assess my claims, as no documents are attached with ITR-1. I have the pdf softcopies of all the documents, but not sure when and where to produce it as evidence of my filling.

Your guidance in this respect is highly appreciated.

Thank you.
Ajoy

director (transferor) of company A has sold out 100% shares to Company B in which also he is the director.

Would capital gains attract...? if yes..then to whom...the director of Co. A or Co. A itself.

At what rate...?

Is the benefit of indexation available..Pls suggest.

Please provide me a link to the provisions.

hi all,
My mother is a home maker and wil be gettin a lump sum amount from the ancestral property of her mother. wil it be taxed in my mother's hand for the amt recd???
also state if the amount wil taxed if it is received in the form of gift from her mother.
plz advice
thank u