Wef 01-04-2010, Higher TDS @ 20% becomes applicable in the event the deductee is unable to provide PAN.

Whether this revised provision is even applicable to Non-residents, as in most cases they do not hold an Indian PAN number and who would be having just one-off transaction with the Indian parties.

Dear sir,
My client is a private company & wants to apply for getting a certificate to deduct tds at a lower rate.
What is the procedure for the same like which form to filled & whom to apply & what documents to annexed with the application. It is urgent.
Thanks in advance

Hi everyone
If a X pvt. ltd. takes an unsecured loan [without interest]from another Y pvt. ltd. then...

Can X pvt. ltd. paid some amount by Cash ?

What is the procedure if x pvt. ltd. didn't pay unsecured loan till 31st march ?

Thanks in advance

cheers

Mukesh Kumar
Delhi

Sir,

A Proprietor has taken a loan in the name of his business but that loan has been used to start a Partnership Firm in which he and his friends are Partners. Now the problem is that, his own business has not enough profit to show the interest on such loan. Can/should he show an amount equal to such interest as receipt or receivable from such Partnership Firm?
Is this will come as misappropriation of loan?

The above are only from my view, please suggest me if there is any other solutions.

Waiting for your valuable advises.

Thanking You

I have sold my shares in a company (Purchase cost was Rs. 10) in the year of 2007 @ Rs. 100 each. I have received Rs. 50 at the time of sale and for rest of the amount of Rs. 50, i have received an assurance of another company's share at the time of IPO in future. The IPO of that company has come in the year of 2010 and i have received the share @ Rs. 50. Now question is that whether this capital gain is taxable in the year of 2007 or in the year of 2010?

Pls help me for that question.

Thanx

deemed dividend 2(22)(e)
sir i have problem of deemed dividend.a company has given loan to its director of rs 50 lacs whose holding is more then 10%. what can i do for that before 31st march?? pls if possible then reply

i can not let my client to pay tax.
pls advise me.

Is the guest house maintained by a company falls in the definition of Hotel as defined under new Perquisities rules dated 18th dec'09? The definition is as below:

Hotel includes an accommodation licensed by local authority to provide for boarding and lodging like a motel, service apartment or guest houses.



I shall be grateful If the clarification is provided at the earliest before 31st march2010.

Has it became online payment complusory to all assessee? (All the indirect & direct tax payment).

Hi

Whether there is any need to deduct tax at source on payment being made for Turnover Tax. In a specific transaction, BSE bills to its DP for the turnover tax and the DPs makes payment to them. The turnover tax billed to DP is on actual basis where as the DP collects turnover tax from the client (i.e normal person trading in shares) on certain percentage of the trade.

The question is...whether the TDS is to be deducted on payment made to BSE(for turnover tax)? (If yes, under which section?) I suppose, the TDS to be deducted, if any, will be on that amount for which the payment is being made to BSE. Also, the amount has no impact on the P&L of the company. It is routed through Balance sheet. 1st the liability is created when the trade takes place and thereafter on the basis of bill raised by BSE, payment is made by debiting this turnover tax account!

Sir if someone shows his income from job work Rs. 15 Lakh then to what extent he should booked job work charges against this job work income.
Is there is any internal circular issued by the I.T Dept. in this regards?

Plz help me

Thanks in advance
Shammi