Compensation Paid to employee(Become Peronsal Disability) Whether to deduct Tds on Compensation paid to Employee

Dear Experts,

I am working in a pvt ltd company in accounts dept. i know tds but don't know how to file tds return
if it is possible please let me know the procedures of qtrly tds return (step by step) and best software name, by which i can submit regular tds returns so that i can secure my job to my current employer.

please help

Hi,

Scenario 1:
I have one query about warranty pack & its TDS deduction by our customer. When we buy a Cisco Enterprise Switch we buy two things one is product with 5% VAT and 1 Year or 3 Year Warranty Pack separately which will attract 10.3% Service Tax from the National Distributor in India.
Now customer deducts 2% VAT TDS on entire Product sale Value (Product + Warranty Pack) along with 1% IT TDS. So I want to know is it right or there is mistake happening from our customer. As per our knowledge both this sales are Product Sales only.
Scenario 2:
Sometime if we sale the HP LaserJet printer it comes with 1 Year Warranty customer says give me additional support pack for more two years, so product has on-site support for 3 years. So our invoice will have 1 year product and additional support pack for more 2 years. So how this matter need to be handled by the customer in terms of TDS is concern.
Please guide us on this matter, and let us know if any notification or any gazette is their then what is the No. of that.

Thank you in advance

Keshav Shikerkar,
Network Experts, Goa
09822121443, 0832-2731899

PLEASE EXPLAIN THAT IF WE AVOID THE FOREX GAIN INCOME FROM P&L , IS IT WILL AS CONCEALED INCOME OR NOT. PLEASE CLEAR MORE.

HI
RESPECTED MEMBER

I AM LITTLE BIT CONFUSE REGARDING TAX AUDIT LIMIT OF WORK CONTRACTOR WHOSE TOTAL TURNOVER OF RS. 1 CRORE BUT OUT OF THIS MATERIAL AND LABOUR BOTH INCLUDED.

1. IF SUPPOSE IN BILL VAT NOT CHARGED SEPERATELY AND SERVICE TAX CHARGE SEPERATELY.

2. IF SUPPOSE BOTH CHARGE SEPERATELY.

PLEASE CLARIFY ABOVE BOTH SITUTION.

THANKS
IN ADVANCE

I had purchase a house and taken loan amounting to Rs. 525000/-. I had paid housing loan interest of Rs. 32043/- out of which principal amount is seperat.But in the ITR - 4 in which section we should mention amount of Rs.32043/-. He is individual person.

Dear Sir,

Is schools liable to pay income tax, and under what sections it can claim exemption and deduction available to them under income tax act?


Thanks and Regards

what will be the cost of acquisition if right shares has been suscribed before 1-4-1981

WHETHER SEC 10(33)&10(37)ARE APPLICABLE ON NON RESIDENT ALSO?

respected experts,

iam doing share trading in cash segment (both delivery & intraday), which T.O has exceeded 3crores in 2011-12 A.Y
(my net profit from share trading is 12,000/- only)and normal business T.O is 14 lakhs for the year.

should i do 44AB AUDIT? pls guide.