Dear Sir,

One of the Head in our Salary Component is Children Education Allowance can we claim Exemption of Children Education Allowance U/S 10(14) and as well as Deduction of Children Education U/S80 C both at time

Please Suggest

Regards

Ravi Konda

The Company is a Electricity Distribution Company (herein after referred to as “EDC”). It provides supply of Power to various categories of consumers.

In the course of the business, the EDC collects contribution from consumers for laying lines and transformers to the premises of the consumer for providing continuous supply of power to the consumers.

The EDC treats the contribution so received as capital and deducts the same from the cost of fixed assets.

The issue is that one Consumer-Company (herein after referred to as “CC”) wants to deduct TDS from the payment made to EDC towards such contribution treating the same as work contract

My question is “Whether the above payments are covered by any TDS provisions and the CC is liable to deduct TDS on such type of payments”. If so under which section it is covered under the Income Tax.

Hi

I received a bill for Rs.100000, including service tax @ 12.36 It is 112360. to which amount I deduct the TDS kindly advise.

Individual investors holding a US Co. US Co holding an India co. The shares of Indian co distributed by US co to its shareholders as dividends. Eventually, Individual investors hold shares in US co and India CO. I would like to know the capital gains implications on above transaction?
Thanks

Gift received in cash and income tax has been paid on that. Whether any consiquence in Income Tax can be there

Mr. X has deducted the TDS for the F.Y. 2007-2008 u/s 194c and paid it by one chalan in May-2008.Bill date is ranging from April to March. In such a case whether he required to file all the four qtrly return or only 4th quater return

Sir,

If a company paid Interest to the Dept. for not deducting TDS as per their assessment, the interest and Penality thus paid is allowable as an expense or not?

Please help me in this matter,

regards,

Manikandan.A.V

The assessee had deducted tds for the quarter ended 31st march 2008.Since it is now mandatory for the companies and others who are liable to get their books audited to deposit the challan through net banking only, therefore it might take time to open the account and get the iD AND password.Now my query is whether there is any time extention for the deposit of tds for the quarter ended 31st march 2008.If yes ,then please specify the time upto which the tds can be deposited and return of tds can be filed.

can a non resident ie not an NRI can be a partner in a indian firm which is engaged in real estate opeartions

Sir,

We have deducted Less TDS On Professional Fees in September 2007 and now on 20th Apirl 2008 we have realised that we have deducted Less TDS on Professional Fees
Suppose if i pay difference amount of TDS along with Penalty and Interest before 31ST May 2008 the Expenditure which have incurred will be allowed in the F.Y. 2007-2008 Or F.Y 2008-2009

Regards

Ravi Konda