1). Suppose I purchase a fixed asset worth Rs.1,00,000.00. And make the payment of Rs. 50,000.00 in case, state whether provisions os Sec. 40A(3) gets attrected.
Also explin the provisions of this sec. i.e. payment exceeding Rs. 20,000.00 for the A.Y. 07-08, 08-09, 09-10.i.e. the difference.

Suppose I make payment exceeding Rs.20000 On a single day but not at the same time but different time which does not exceed Rs. 20000 the what would be the answer for the above Assessment year.

As notified recently, TDS deducted during March' 08 can be deposited in a period of 6 months i.e upto 30th Sep' 08 then what will be the last date for filing of TDS return for qtr ending Mar' 08 and due date for issue of form 16 & 16A?

As per new notification TDS is not to be deducted on Service tax component of Rent Invoice. This notification comes into effect from which date?

Hi,

Please clarify whether withholding tax is applicable in case indian company for payment made in india towards commission/borkerage on behalf of foreign company (cum shareholder) of such indian company.

regards,
Suma

If the TDS deducted during a financial year is not deposited every month but deposited in full in Sep next yr i.e before Filing ITR. Will the expenditure disallowed or not for that previous yr when TDS was actually deducted?

Surcharge is applicable for the company when total income cross 1 crore.This total income is net taxable income after deduction or profit as per P/L Account?
Please guide......

CASE I : Mr. X received a certain income fom Mr. Y.
The payment was made without deducting TDS.
In the next Assessment year Mr. Y realised the TDS amount from Mr. X, on the ground that by mistake he has not deducted TDS at the time of payment. The tax was deposited by Mr. Y on the recovery of TDS amount from Mr. X on the same date.
How Mr. X will take credit of this TDS amount in the year of deduction?
Also, what will be the treatment in the hands of Mr. Y?
Will the benefit of this can be taken by any of the party?
CASE II : What will be the solution in the above case if the TDS is not recovered from Mr. X but paid by Mr. Y himself?

What is tds applicability (194C or 194I) in respect of payment for hiring or chartering of helicoptor?

I get an error while validating the form 24,26 and 27
the error code is - T-FV-4007
and the description is - Invalid Deductee Detail Record number
can pls anyone help me out with this?
and when i use the older version through excel then it gets validated.

Sir,

In the section 80IB(10), 100% tax exemption is available, subject to the fullfillment of some conditions. One of these condition is that the project should be completed within four years from the end of the year in which project get approved.

My querry is that if the project is stayed by the High court for any reason whether the period of 4 years will be extended by period for which the case is pending with court.

Kindly guide me on this querry.

Thanks & Regards