can anyone pls reply on the same??

If employee receive salary from more than one employer, and has changed the service say from employer X to Employer Y, then while issuing form 16 by employer Y, under which heading the salary received and TDS amount from employer X be shown??
as there is no such heading where the salary received from previous employer X be reported in form 16 by the current employer??

Hi!
There is a hospital(registered as partnership firm)of which returns have not been filed for the past 5 assessment years.Now the problem arised is that the hospital used to issue bills to the patients including the amount paid to the visiting doctors without deducting the TDS
on amount payable to the said visiting doctors.Now the contention of the IT department is that the hospital is liable to deposit all the TDS amount which should have been deducted from the amount paid to the doctors.
Whereas the contention of hospital stands that the amount included in the bill to be paid to doctors are collected by the hospital on behalf of the doctors in good faith(thereby treating it just as a remittance), hence should not be liable for TDS rather doctors themselves should pay taxes on such amount.
please suggest how to save TDS.

We have an employee who is foreing national is entitled for leisure trip reimbursement. But he has submitted his invoices bill period October 09 to January 2010. The Accountant has deposited his TDS for 2009-2010. Now, the invoice for the above period can be reimbursed. What will be financial treatment
Thanks in advance for u people for ur valuable answer.

The assessee, upon buying a house property gifts a small stake to his wife.
What is the consequence on sale of the property in the hands of the assessee.
What happens to the proportion of Capital gain that arises in respect of the wife's stake.

Radhe Krishna

Can an employee stay in a company provided accommodation (and pay tax as per related perquisites valuation rules), in spite of having his own house/ flat in the same locality?

We purchases steel material from suppliers. Transportation arranges by suppliers and deliver goods to our factory. They charge freight at fixed rate per M.T as per order terms as follows :

Steel : 20 M.T x Rate 30000/- = 600000
Add : Excise 61800
Add : - CST 13236
Add: Freight charges 20000
(1000/- per M.T)
Total : 695036
My query is whether TDS should be deducted on such freight charges of Rs. 20000/-?

As per new amendment,TDS is not applicable on transporters if they provides PAN.

In this case what would be the treatment for TDS deduction as suppliers are not transporters but merely arrange transportation and charge freight in their Sale Invoice.

BE NOTED THAT THE FREIGHT AMOUNT IS CHARGED AT FIXED RATE AND IT IS NOT IN KIND OF ACTUAL REIMBURSHMENT.

Dear Sir,
I have made the provisions of commision payment which, i am not sure it will be paid so i will not deduct TDS on that. Please tell me, what are the implications? and further if it is disallowed in the current year, then will i have to pay the penal interest next time, when i will make the payment and deduct TDS?

Hi,
I want to know that how much tax will be levied on my PF amount if I decide to withdraw it before 5 continuous years of service.
Let's say I have Rs. 20,000 in my PF account.

A Holding company has around 5 subsidaries and all the administrative exp of subsidiares is being borne by Holding company. Now holding company wish to allocate the administrative exp incurred in some ratio basis to subsidaries. Is it allowed under income tax. if yes, any kind of documentation proof we need to establish.

as per new income rule we have file 15ca online and 15ca for ca ceritifacation for remittace out of india .

can any help to understand if i file 15ca online what is vail peirod for remittance after submitting 15ca one line or if am not able to remit what should be process to cancel that 15ca.