one drawing officer joined duty from anoher tan in the month of april.08 and submitted salary bill wef dec,07 tofeb08 inmay08 after sanction of medical leave dec to feb07.he has drawn salary of march 07 to nov 07 in previous place of posting which is a sister unit of this office.pl. advise his salary for dec.07 to feb08 will be included in the income of f.y.08-09 on the basis of its receipt orit is an incom for f.y.07-08on accrual basis.

HI All

I Have one doubt, Could we calculate HRA Exemption arrear of salary for Example

April 10000
May 10000 salary Increased with 2000 but not received yet.

June 12000+2000=14000 arrear of last month So Please advise the HRA Calculation for the above

Reg

One of our clients laible for Tax Audit u/s 44AB paid the TDS by Bank instead of Net Banking so whether he will get the credit of TDS to his account by dept.

an assessee invest in frankline templeton invesmetn SIP plan dividend is declare & credited in my a/c time to time whethe this invesment is deducted u/s 80c of the said act

OUR IS PROPRIETARY CONCER in the finansical year 2006-07 total turnover is rs 50 lakhs tds is deducted & paid but in financial yers 2007-08 total turnover is less than rs 40 lakhs & income is presumtive income u/s 44AD cotractor 8% net profit is shown whether tds provision is applicable or not in the f y 07-08 & 08-09

In its Circular No: 4/2008 dt 28th Apr 08 (https://www.caclubindia.com/news/2008/5/clarification_on_tds_on_service_tax_on_rent_u_s_194_i.asp), the CBDT made it clear that "Service tax paid by the tenant does not partake the nature of income of the landlord. The landlord only acts as a collecting agency...Therefore...tax deduction at source under section 194-I ...would be required to be made on the amount of rent paid/payable without including the service tax".

The same logic applies for payments of several kinds attracting TDS provisions of Sec 194-C. For instance, we are paying Service Tax for Software Maintenance. Since the annual payment exceeds the limit prescribed u/s 194-C, we are at present, affecting TDS on Gross amount, that is, Software Maintenance including Service Tax.

Taking a cue from the above Circular, shall we restrict TDS to the Software Maintenance, that is, exclude Service Tax. Please advise

Can employer deduct PF more than 12% from ours salary ours own wish
e. g if we deposited pf 20% can it possible

in the finansical year 2006-07 total turnover is rs 50 lakhs tds is deducted & paid but in financial yers 2007-08 total turnover is less than rs 40 lakhs & income is presumtive income u/s 44AD cotractor 8% net profit is shown whether tds provision is applicable or not in the f y 07-08 & 08-09

is it compulsory to made payment of all type of taxes through net banking for F.Y. 08-09.

Thanks & Regards,
Mahendra

whether expenses can be claimed in previos year, if tds deposited after 7 April along with interest. As we know tax deducted on 31st March can be deposited by 31st May and expenses can be claimed during previous year.