What is the difference between sales and turnover?

Respected Sir,

Suppose if I had Deducted and paid excess Tds u/s 194C then

A. Can I adjust it against future payments to same party (deductee),

B. Can I adjust the same against payments to other parties (where Tds is Deductible u/s 194C only)

C. Can I adjust the same against payments to other parties (where Tds is Deductible under any other section other than 194C)

D. If yes, then can I do the same in respect of excess computation and payment of interest on late payment of TDS

One of our company director is going to Hongkong for training on a particular machine for which we need to pay an amount of 500 Euro to a German company. Is TDS required to be deducted from the remitance of 500 Euro to that german company under Sec195 of the income tax act.

Can Capital gain or Loss arise in case of Transfer of Land (Capital Assets) in exchage of another land?

Dear Friends,

One of our client had received some cash loans which could not be proved up to the satisfaction of the Assessing Officer. The same was added back with returned income and the assessee paid the demand raised. Now the question is what to do with the outstanding amount in Loan creditors account. Can the assessee transfer the amount added with the income to his Capital Account. There should not be further tax liability. Your views please.

Dear Sir,

My client is running business in boarding and lodging. We hire taxi from the travels to pick and drop the guest from and at the airport. Sometimes we even hire taxi to take them to several places. Should we deduct tax on the payment to the travels?

The manager of the hotel is paid Rs.18000/- pm as salary. Should we deduct tax on the salary? To what extent is HRA deductable?

Kindly advice

Regards,
Priya

four persons are cometoghethere purchae a land & there shares are equle after some time they sold the same land & take ther share from purchasers independently the AO assessed as an AOP because they are come toghether for purchase & sales of land
whether AO is right to assessed as an AOP or not
give the case laws or citations
thanks

If i transfer my all equity shares to portfolio wherein such shares are traded by Portfolio Managers.
I don't have any other business income. what shall be the nature of profit/loss which i have earned through portfolio?(either capital gain /loss or business income/loss).
please reply me with reasons.

whether the provisions of sec. 269ss & 269T is applicable to primary agriculture credit society

What is the difference between Speculative Loss & Capital Loss?

Under what circumstances loss on sale of shares be considered as speculative loss and when shall it be Capital Loss?

Regards,
Shefali.