Anonymous
03 February 2012 at 12:48

Tds u/s 195

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

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naveen prabhu
02 February 2012 at 16:00

Service tax

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

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Sunil Kr. Sanganeria
02 February 2012 at 11:59

Perquisites on motor car

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

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Ashish
01 February 2012 at 19:27

Dtaa

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.....

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Anonymous
01 February 2012 at 17:22

80g calculation

Dear Sir

What is the method of calculation of 80G Deduction.

Can anyone help me out with example

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Anonymous
29 January 2012 at 11:55

Pf withdrawl

Sir,
want to know will my PF be taxable in case of with drawl?

i joined Asian Paints(AP) in sep 2005 and left in dec 2008 , then joined nestle(N) in dec 2008 and worked there till feb 2010.

i had transferred my pf from AP TO N and till date ie on 28.01.2012 all pf money (approx 1.16 lakhs) is lying with nestle trust.

pls tell me whether there will be any TDS Deduction?

also tell me if suppose there are no tax deductions and if i receive full amount ,will it be taxable in my income for py-2011-12? What will be the tax amount?

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Kishor Ashok Shinde
27 January 2012 at 14:28

Quarterly tds return filed

I have filed quarterly tds return 24 Q.
But there was one error : "Challan details mentioned in the statement not present in the challan file imported "
I have given records to nsdl
now what will happen ?

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Anonymous
26 January 2012 at 19:17

271(1)(c)

Is there any remedy from escape the penalty u/s. 271(1)(c) in the following case?
1. Assessee has not filed return of income
2. He has not replied the any notices issued by the AO in the course of assessment procedings
3. The AO has completed the assessement u/s. 144
4. Assessee has filed appeal to CIT(A) and get relief to some extent
5. Now the AO has imposed the penalty after the order passed by the CIT(A)

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Anonymous

In My E-Return Process staus shown is "e-Return has been processed at CPC - nil demand/refund ".. Will I get the Refund Amount or not ? Pls help out


Or
pls call me Shashi 09980326444

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SHYAMLAL KAYYARUVATH
26 January 2012 at 11:39

Income tax

DEAR SIR,

WHEN WE WERE PREPARING THE FINANCIAL STATEMENT THE CLOSING STOCK HAS BEEN OVER VALUED.IF THE INCOME TAX AUTHORITY FIND THIS OVER VALUATION WHAT WILL BE THE PENALTY.

REGDS
SHYAMLAL.K

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