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

one of employee in our compnay has purchased a property last year in his wife name(owner of the property) but finance the loan in the joint name in which first name is his wife and second name is his own(co-borrower)and he(co-borrower) is pay all the installments of the loan. now my question is that is he take the benefit of interest and pricipal amount if yes pls. give me the such reference of any book or e-book, if not than who can only claim the benefit and how the co-borrower can save his own income tax. please clearify me in detail the 31st march is very nearby.

thanks

Whether TDS is applicable on payment to NRI for purchase of Immovable Property. If yes, what is rate of TDS?

Whether any exemption for non deduction of TDS. If yes on What Conditions?

Hi Sir,

Whether the amount of stamp duty and registration charges for the purchase of Land, which will be utilized for constructing a residential house property,incurred by an individual will be eligible for deduction under sec 80C?

Thanks & Regards
Smenon

how can a person getting salary in cash can file his/her return since in this case he doesn't receive form 16 from the company.

how is it possible to file the return? please suggest.

Ravi

can firm get lower deduction certifiate for TDS?

We have taken a property on rent . Pls advise the applicability and rate of deduction of tax in the following case:-

1. If maintenance charges paid to landlord( if landlord is individual, company, co-owner)
2. If maintenance charges paid to housing society

Whenever I try to upload an xml file, the system at e-filing site displays the message "PLEASE SELECT PROPER XML FOR PROCESSING". I tried so many times and it always returned the same message. Can any body help me to solve this problem.

No Education Cess on TDS is w.e.f 01.04.2009 or 01.10.2009?