If a woman assesee below age of 65 yrs.,has salary income of rs.135000/-, Interest on Loans given of Rs.15000/- and Income from Share trading(delievery based and IPO's)of Rs. 75000/.She has deductionu/s 80C for Rs. 55000/.Can she treat income from Share trading as Profits from business and get advantage of STT and Deductions allowed u/s 80C.

Hi,

We have appointed a company as an agent to sell our products on our behalf.

The agent will collect the money from the customers, deduct commission due to it from the same, and send the balance amount to us.

Our problem is, how do we deduct TDS u/s 194H as we are receiving only the net amount and are not making any payment to the agent?

Regards

Sanjay

Dear Experts,
I am a salaried individual.
On computing my personal income tax return I have arrived at an amount of Rs.2530/- income tax to be paid. As an individual I have to remit this tax and then file my returns.
Please let me know the challan no through which I should remit this amount to the bank.
Regards
S. Anand

I have a query regarding TDS (u/s 192 – Salary) on reimbursement of expenses in connection with transfer of employees.

1. Expenses on his travel
2. Expenses on travel of his family
3. Packaging & Transportation of his personal goods
4. Reimbursement of Re-Admission fee of his children
5. Any other expenditure in connection with Transfer

Would there be any difference if the payment is made to new joinee.

I want to know, what type of taxes applicable to BPO company situated in india and outside india.

urgent

I wnat to know the following query urgently.If a person had professional charges from 1/04/07 to 31/12/07 (Form 16A) and salary 01/01/08 to 31/03/08 (Form 16) which ITR is needed for filling this criteria.

I Think the ITR must be 4, But the problem is ITR 4 shows income from business or profession ie net profit as per profit and loss account. In this case, it is not an income from business ie not net profit. Its actually salary but given in the name of professional charges.(01/04/07 to 31/12/08 - he is working as contract basis)

please advice me its urgent.

how i would show my short term capital loss in my income tax return - 2, i am a salaried
employee

ANY SUM OF MONEY RECEIVED IN CASH IS TAXABLE. BUT IF I HAVE NOT RECEIVED IN CASH BUT THE DONOR HAS PAID MY SHOPPING BILLS ,THEN IS IT TAXABLE. THE BILLS ARE IN MY NAME WHICH I HAVE PURCHASED FOR MY HOUSE BUT SOMEONE ELSE MAKES THE PAYMENTS . THEN WHAT HAPPENS. KINDLY LET ME KNOW. THANKS

Kindly let me know the rule for considering Surcharge in TDS rates.

Suppose we are paying rent to any person and the total amount of rent to be paid within that F/Y doesn't exceed the limit of 1 crore /10 lakh or whatever the limit of income for cosidering surcharge .Then in this case are we supposed to deduct TDS @ higher rate ,considering surcharge also ???