A cellphone service provider engages a contractor for maintenance of its cellphone towers. During the period of this contract, the contractor engages a service engineer for a repair work to be done on one of the towers of the cellphone company. After repairing, the engineer issues a bill for Rs.21,000/- including service tax of Rs.1931/- in the name of the contractor. The contractor, in turn, submits the bill to the cellphone company and gets reimbursed. Now the questions are

1) who is liable to deduct tax at source and on whom?

2) who is entitled to take credit of input service tax?

Dear Friends,
Section 194C of our IT Act says that deduction is to be made for carrying out any work or (Supply of Labour for carrying out any work). Now my question is shoudl i levy 194c if a party has provided Electricians & Supervisors for carrying out work at a place, the bill of the party contains Electricians & Supervisors, should these be considered as labour under the meaning of 194C, labours in section 194C according to me are unskilled labour, on the other hand an Electrician is a technician & considering the same fact TDS U/s. 194J should be deducted i.e. the party might have provided ( technical service/ assisstance to us). The same is the case with AMC Contracts, we deduct 194C on the same, but the service actually provided by them are sometimes professional services. Why can’t it be considered under 194J for TDS deduction. What opinion do you all have about this, Please correct me if I am wrong.

can we submit return for f.y.2007-08
please guide with proper section

When CTC Concept all FBT tax are deducted by the company and remitted to department. Now when there is change in perks calculation and tax to be paid by employee, what happen to FBT Paid out of his salary in earlier months during this FY 09-10?

Is FBT Already paid by the company,On withdrawal of such provisions, weather company will be getting refund? Weather such refunds will be treated as other income and taxable in the hands of the company?

can anyone give me the facts of the the case law i.e. ITO V. Dr. William Schwabe India (P) Ltd...??

Income of minor child cannot be clubbed on account of manual work. "Wat do u mean by Manual Work as per the sec 64
(1A)?"

hii every one

during the audit, while i was checking the expenses, the company paid marriage bonus to the its employee i have so confused that is it allowed for the income tax purpose,, or allowed in company act.. or it should be included in salary

Sir,

Kinldy advice on the foll.

A new employee was asked to join our co. within one month, whereas as per his employment contract with the earlier co. he was supposed to give notice for 3 months.

Our co. urged the employee to join us within 1 month and assured to reimburse him the salary of 2 months for short notice given to his previous employer.

Now we are reimbursing the new employee the 2 months salary paid by him to the earlier employer.

Would like to confirm whether this should be considered as his income and added to his salary income and TDS to be deducted consideing this reimbursement.

My client has sold some of its house property for which incurred cost of improvement of Rs 145000.00,
The total area of House propert is say 3.5779 Acres and it has sold 1.6 acre in 2008-09, but incurred cost of improvement in the financial year 2009-10 when he sold .359 acres from the balance property.
What is the way to avail the cost of improvement for the part of property sold in financila year 2008-09 i.e. 1.6 acres.
Beacause my cllient promised all buyer to provide that facility at the time of sale in 2008-09. Please guide me on what stand i can get deduction of that proprtionate part of property sold before incurring of cost of improvement.

Thanks & Regards

DEAR EXPERTS

MY QUERY IS REGARDING SECTION 25 COMPANY RUNNING AN EDUCATIONAL INSTITUTION ON NO PROFIT NO LOSS BASIS (FOR CHARIATABLE PURPOSE) AND TURNOVER OF THE SAME IS LESS THAN 1 CRORE AS PRESCRIBED UNDER INCOME TAX ACT.

NOW MY QUESTION IS WHEN THE TAX AUDIT IS REQUIRED TO BE DONE AND WHAT IS THE FORM TO BE USED FOR 10 (23C)(iiiad).
SINCE FORM 10BB IS USED FOR THE EDUCTIONAL INSTITUTIONS UNDER CLAUSE iv, v , vi OF SECTION 10 (23C). BUT NO WHERE CLAUSE iiiad of section 10 (23c) is mentioned.

please reply.