If service provider (resident in India) is not agree to borne TDS, can service recipient borne the same in view of Income tax provisions?
My questions are;
(1) I think section 195A is there but such provision is applicable to non resident only? In my case service provider is resident.
(2) If TDS borne by Service Recipient, Service Recipient should give TDS certificate to Service provider?

Dear All,
Can you please guide how to merge partnership firm into pvt ltd company ??
Partnership firm has 3 partners (2 individuals and 1 pvt ltd company in which we want to merge) and Pvt Ltd has 2 directors (those 2 directors are partner in such firm)...

I want to know procedure step by step and even please advice taxation aspect also?

Thanks alot

Dear Sir,
I am working in pvt ltd company and my company gives only PF contribution but to get extra tax benefit I want to invest in 80CCD (2) NPS. In this scheme can we get benefit in below options?

(1) Employer is not registered under NPS so employer is giving NPS contirbution to employees with his salary and employee will pay NPS contribution both employee's & employer

(2) only employee has opened NPS account & investing some amount say Rs.50000/- will he able to take benefit in 80CCD(2).

Can we make rectification in already filed Form15CA on incometaxindiaefiling.gov.in ??

A sold a residential property IN 2017-18 and purchased a plot on which he will construct residential house within 3 years of selling his residential property.

1, WILL LONG TERM CAPITAL GAIN ON THE SELLING OF PROPERTY BE EXEMPT IN THIS CASE

2. IF YES, WHETHER HE CAN CLAIM SUCH EXEMPTION IN HIS INCOME TAX RETURN FOR THE FINANCIAL YEAR 2017-18 AND IF SO WHAT HE WILL MENTION IN HIS INCOME RETURN OF 2017-18 AS CONSTRUCTION IS YET TO TAKE PLACE

Sir/Madam,

A person has deposited cash of more than rs 2,00,000 in a single day in his savings bank account received from his cousin brother.

The money was on account of receipts from sale of rural agricultural land that was in the name of his cousin brother.

Now, how would this be reported.
How should the return be filed. And,
What could be the tax implications.

is it compulsory to file form 10A online now?

Sir,

I have bit confusion in partnership firm,earlier there is deduction from Net profit i.e remuneration of partner, share of profit and Interest on capital and remaining profit Tax has to be paid.

But now i have heard i cannot deduct remuneration of partner and interest on capital from net profit is it right. Then how to take out share of profit.

Please explain this new rule.

Dear All

I have a query relating to TDS on Provision of exp ( audit Fee)

We have to provide audit fee for the F.Y.17-18 but amount is not known ( may be below Rs.30000/- or may be more than Rs.30000/-)

As we know that last date of TDS payment for march,18 is 30.04.18

If we don't make the TDS payment on the basis that amount will be less than 30000/- but actually bill received more than 30000/-after 30.04.18

what will be the consequences ???

WHEN THE MAT APPLICABLE AND TAX CALCULATE AS PER BOOK PROFIT @18.50%.
BUT THE SHORT TERM CAPITAL LOSS (SHARES & MF UNIT) 45 LACS AND
LONG TERM CAPITAL GAIN (LAND SALES & MF UNITS) 4 CRORES.

MY QUERY IS SHORT TERM CAPITAL LOSS SET OFF WITH LONG TERM CAPITAL GAIN.
BUT SHORT TERM CAPITAL LOSS 45 LACS CAN BE CARRIED FORWARD FOR FUTURE YEARS.

PLEASE ADVISE THE SAME.

THANKS & REGARDS

NK