Dear sir,

this is Gokul CA inter.,

i would like to ask one question regarding tds

Employer failed to deduct the tax for a employee but employee has paid such tax in self assessment.

so there is no revenue loss to the Govt. then why the Govt gives a notice regarding "Employer failed to deduct the tax" to the employer.

is it necessary?

Dear All,

What is the creteria for charging Surcharge at the time of deducting T.D.S. in case of companies as well as individual deductees?

As per my knowledge if the deductees Taxable Income is above Rs. 1 crore surcharge @ 10% is applicable. But as we cannot know exact taxable income of deductee, we charge surcharge at 10 % in case of Pvt Ltd & Ltd. Co.s.

suppose an MR. A has commission income in P.Y 2005-2006 and his TDS has not been deducted by ABC LTD ,then resultantly commission expense will be disallowed to ABC LTD for the P.Y 2005-2006 And same will be allowed in the previous year when he deduct TDS and deposit it into the credit of central govt.(SUPPOSE ABC LTD DEDUCTED TDS IN PY 2008-2009)
Now my question is that can MR.A claim TDS in the subsequent previous year(i.e P.Y 2008-2009) he got TDS certificate from ABC LTD.(Mr. A had already filed his return u/s 139(1) FOR P.Y 2005-2006 AND FOR YEAR 2006-2007 AND P.Y 2007-2008)

Form 16 / Form 16A is to be issued within 1 month from the close of the year.


IN CASE amount is credited on the last day of the year Form 16 / Form 16A is to be issued within 2 months 7 days from the end of the year.


Query:


Suppose amount is credited on 31 March. Does one has to issue form 16/ form 16A for amounts credited upto 30 March of the year before 30 April and another Form 16 / Form 16A for amount credited on 31 March before 7 June?

I want to ask if i surrender a prnsion policy taken from any life insurance company the amount we get is it taxable ? under which clause ?

Does a salaried employee who trades in future and options exceding the limit u/s 44AB of Rs 40Lacs is liable for tax audit?

Could somebody pl. tell - What does the line as shown below mean (this is a part of capital gain portion in ITR-2

"Other assets for which option under proviso to section 112(1) exercised "
Ajit

My employer has deducted TDS from my payments and made me the payment vide cheques after deducting the TDS.

However even after a number of telephonic reminders, my employer is not issuing me the TDS Certificate.

What should I do and what are my liabilities?

Mr.X having two houses one self occupied full year and second one is vacant up to 31.12.07 and there after letout for three months, monthly rent 15000/-. my question is whether we have to take 15000*3=45000/- or 15000*12=180000/- as taxable rent.whether notional rent need to include? whether that second house will come under deemed to be let out?

I WOULD LIKE TO HAVE A SAMPLE FILLED FORM.
ITR -2 HAVING HOUSING LOAN INTEREST THIS YEAR IN THE COLUMN BFLA. SL NO.1 SALARIES HAVE BEEN BLACKENED FULLY. I CAN,T UNDERSTAND ITS MEANING, PLEASE HELP