INDIAN INSURANCE COMPANY WANTS TO MAKE PAYMENT TO UK BASED COMPANY WHICH IS HAVING PAN OF INDIA.
NATURE OF PAYMENT
1) INSURANCE CLAIM IN USD
2) SURVEY FEES (PROVIDED IN BOMBAY) IN GBP

IS THERE ANY LIABILITY FOR TDS ?
AND AT WHAT RATE?

please let us know what is exact meaning of Unique TDS certificate No to be mentioned in Form 16A downloadable from TIN website in case of Companaies/Banks.This is in 8 Digits.

Which one is to taken as said Unique No for the purposes of E-filing of ITR along with TDS Schedules.

Please clarify.

i have filed a tds return but the client has paid the challan for Q1, Q2, Q3 how can i file the returm

An individual becomes a major on 9.1.2013 (i.e. in F.Y.2012-13). Till F.Y.2011-12,the minor's income was clubbed with her father's income.
The queries :
1) Just as an individual is considered to be a senior citizen for a F.Y. if she completes 60 years of age anytime during the F.Y.,would the minor also be considered as an independent resident assessee for F.Y. 2012-13? If so,does it mean that a separate I.T.Return will have to be filed for her during F.Y.2012-13 incorporating the ENTIRE income earned by her during the year(including the period from 1.4.2012 to 8.1.2013 when she was a minor)?
2) Or is it that the minor will be considered a major only from 9.1.2013 and hence all her incomes from 1.4.2012 to 8.1.2013 will have to be clubbed with that of her father for F.Y.2012-13?
Thanks for your help.

Dear sir,

Is TDS is to be deducted on transfer of Funds from NRO to NRE account in India by a Non Resident.

An Individual had purchased a residential flat in 2005 for Rs.20lacs which he sold off on 17/5/2012 for Rs.60lacs. He had already purchased another flat on 20/5/2011 for Rs.72lacs of which 60lacs was by way of loan & 12lacs his own contribution. From the sale proceeds of the previous flat he paid off the loan to the extent of Rs.60lacs. So will he be able to claim exemption of the capital gain on the sale of the old flat against the paid off loan amount of the new flat?

Sir,
As per section 44AD it is compulsory to show 8% income and if income is less then 8% then assessee has to gets its books of account audited. but in case where income of assessee is not exceeding basic exemption limit then whether audit will be required?????

Hello everyone,

suppose my client a firm has 200000 of turnover so 8% comes to 16000.

if it opts for 44AD then is audit mandatory because in 44AD it is mentioned that if income is <8% and income is more the maximum amount not chargeable to tax and for firms there is no limit for taxability of income ,

Dear Friends,
Require clarification on below:
"We are receiving services from outside India, whether we are liable to pay Ser. Tax?"
If Yes,
Wants all rules & regulation regards to that i.e.
1. Service Tax Liablity due
2. Which are benefits
3. Is this possible to open Branch or Subsidiary to avoid Service Tax liablity?

Sir,
I have a client who is an STIP unit availing exemption u/s 10A of the Act.

during an assessment AO disallowed some expenditure and made addition to the returned income.

my question is - Is exemption u/s 10A is available on the addition made to the total income while computing the effect of the order?