Dear expert,
In case of a government deductor, payment made to a contractor Rs. 200000/- on 15-03-2012 and TDS @ 2% Rs. 4000/- was deposited at bank on 18-03-2012 by cheque. Whether the interest will attract and what will be rate of interest.
Please advise.

HELLO FRIENDS
THERE IS A JV FORMED WITH TWO PARTNERS, BOTH PARTNERS ARE PRIVATE LIMITED CONCERNS. IN JV, JV HAS HIRED A FOREIGN TECHNICAL COMPANY.ONE OF THE PARTNER COMPANY HAS MADE PAYMENT TO FOREIGN COMPANY ON BEHALF OF JV.PARTNER COMPANY HAS DEDUCT TDS ON THIS PAYMENT. I HAD A QUERY THAT IS THIS PAYMENT IS ALLOWED AS EXPENDITURE IN JV OR NOT?

Dear Experts,
Is late fees paid on LIC Premium allowed as deduction u/s 80C??
Kindly give ref. of case study, if any.
Thanks in anticipation.

If I give a loan of Rs. 20 Lakhs to my friend B and B afterwards give me jewellery in lieu, worth Rs. 35 Lakhs. Then, the excess 15 Lakhs is CG or IOS u/s 56(2)(vii).
In book its given, IOS, bit why not CG??

w.r.t subjected query, pls advice

As currently i am using Compu TDS which is very slow + very bad presentation.....it sucks

Dear all,

Please clarify , Our company is in business of ground handling ( i.e giving services to Aeroplanes). Airline operators are our customers. upto now they are deducting TDS under sec 194C. recently we recieved a letter from our customer that their auditors are treating our services as technical services i.e they need to deduct tax u/s 194J.

can anybody please clarify that the ground handling services come under technical services or not ? wether TDS need deduct either 194C or 194J ?

Will section 44 AD applicable to Professional also.
As in section only word business in specifid.
Is the meaning of word business is enough to include the professionals also.

Whetehr provision of Chapter XVII-B of income tax applicable to section 192? what are the provision of the Chapter XVII-B of income tax

What is mean by book entry in TDS return? Please tell in details when use yes or no? Why?

we required to deduct TDS on contract of Construction of fixed assets bec. it is not our expenses

plz. guild on tds applicability on construction contract of assets