Dear sir
Kindly confirm if tds will be applicable while making payment to coast guard of india, if yes then kindly provide with the circular details

regards
atul

one person has deposited in his saving a/c say 5.00 lacs on 1 march, 3.00 lacs on 2 march 2011(i.e. total 8.00 lacs ).
total deposit during 10-11=8.5 lacs
on 30 march 2011, he withdraws 7.00 lacs.

this 8 lacs is out of sale of agriculture land.

deposit was made to satisfy the home loan lender that borrower's contribution is ready.

then after obtaining homeloan, whole 8.00 lacs used to purchase home.

whether any tax liability arise ?
whether we should/ have to show sale of land & purchase of property in return (ITR) or there is no need.

pls help.

Hello Dear All,

I have a query regarding TDS Default notices.

A client has received a mail about TDS Default. On downloading the Default file from TIN website, I found that the Department has taken Due date for TDS on Credits/ Provisions made on 31 March as 7 April instead of 31 May & demanded Interest. Now I want to know what should I do & to whom the reply letter has to be written?

Thanks in advance.

Dear Sir/Madam,

My sister advised by her office to invest around 60K to save tax of around 6k now my quary is whether to go for such an investment by withdrawing her FDs or she should pay the tax?

If to be invested what are the best ways so that money would be available in around 2-3 years

Thanks

Dear sir,

Whether LTCG exemption could be claimed for listed shares sold through private arrangement / inter se transfer among promoter group through off market method?

If not possible let me know other alternative ways to claim LTCG.

Kindly suggest me...!

Regards,

A LTD, A HEALTHCARE SERVICE PRIVIDER, HAS OBTAINED A SPECIALISED MACHINE FROM B. LTD. FOR PROVIDING THE TREATMENT TO PATIENTS.

THE AGREEMENT BETWEEN A. LTD. & B. LTD. STATES THAT THE FEES RECEIVED FROM PATIENTS WILL BE SHARED IN A SPECIFIC RATIO. I CASE THERE ARE NO PATIENTS FOR A PARTICULAR MONTH, THEN THERE WOULD NOT BE ANY PAYMENT TO B. LTD.

IS A. LTD. LIABLE TO DEDUCT TAX AT SOURCE AGAINST PAYMENTS MADE TO B. LTD.?

UNDER WHAT SECTION?

Payment made to non-resident(USA) for online subscription of journals whether assessee is liable to deduct tax or not. Which DTAA is applicable

Dear Sir,
I am running a educational trust by hiring a building for rent. The landlord is applying service tax on rent. Is it applicable or not.Pl clarify.
Naveen Prabhu

Company reimburse the petrol expneses(Rs.9000/- P.M.) and Driver allowances(Rs.8000/-P.M.) incurred by the employee for commuting from residence to office and from office to reidence. The Car is owned by the employee and the capacity of the car exceeds 1.6 ltr.

Can I allow full amount of Driver allowances to employee as non Taxable

Please advice

We have a client participating in International transaction with a party of a country with which India has DTAA. As per the clauses of DTAA, TDS is to be deducted at 10.3% Now, as per amended provisions of Income Tax, if PAN is not provided, 20% TDS is deductible. We have filed return of TDS by deducting 10.3% TDS. Now, a query is raised by dept. demanding arrears of TDS of remaining 10.3%. What should be done???? Plz reply as soon as possible with reference to related case laws if any.....