My company hire man power supplly from a company providing security gards.

The supplier provide two bills for the same :

1. one bill shown the shown the service tax charge .

2. other bill shown the salary of gaurds which doesn;t include any service tax.

Please let me know is we deduct tds on both the bills. if yes why.

a trust has been created by way of will and in this trust Income received from Gift and from Interest
1.What is the Tax Liablity on 130000/-income.
2. Which form is fillup and deposited for the same.
3.Can i filled form No. 5 for the same treat as AOP or only form No. 7(the Trust is not registered under income tax act)
pl. guide me

There is a case in which:
1. Receipt of Rs.365200/-(Net of TDS) for Areear of salary from FY 1971-72 to 2003-04.
2. Amount received in October, 2007.
3. There is tax deducted Rs.75300/-
4. Now we want refund of this TDS.
5. For this give me tips that which sections I have to consider and how can i get rfund of whole of the amount and how can I get the Tax Rates & other provisions for computation of tax for all of the relevant assessment years.

Dear Experts, please review the Original query of Mr Ramesh - "Old year's TDS Cert.(not mentioned in old IT return)recd now".
What he says that "return was filed without mentioning the said amount of TDS." On plain reading, what he meant is that he has already declared the Income in his return, but what he could not mention in the return is the corresponding AMOUNT OF TDS therefrom.
I am of the opinion that in such cases where the an income income has already been shown/declared in the return, but the assesse could not claim credit to TDS, he can claim refund/ credit by simply filing rectification petition u/s.154. There is need to file a revised return only if the the assessee wants to change the income declared in the return.
So EXPERTS, PLEASE REVIEW YOUR REPLIES AND GUIDE.

Interest on Securities is exempt u/s 10(15)...which securities are actually covered under this section...

Hey...under which SUB SECTION interest on public provident fund is exempt...nd wat does superannuation fund mean??

If a person of USA prviding consultany to Indian Company .And he has been provided a house in India by the company . My question is now this house shall be treated as PE of USA person in regard to Article 12 of USA treaty and for section 44DA of the Income Tax Act,1961 or not.

TDS Certificate for Salary is required to be issued to employees before 30th April. In most cases accounts are finalized after that date and Provisions of Bonus is made as per availability of Profit and sometime after negotiation with employees/ union etc. Since Bonus and Leave Pay are related with the accounting year ended on 31st March, a provision is made for the same in accounts on 31st March at the time of finalization of accounts.

Hence, it is difficult to deduct TDS before March end, payment of the same to the Government and issue of TDS Certificate before 30th April.

Please enlighten the Provision for deduction of TDS, payment thereof and issue of Certificate. Like wise Employees are also not in the position to wait till finalization of account for filing their Individual Returns.

Generally Audit Fees is decided by the Board of Directors in consultation with the Auditors at the time of finalization of accounts, which mostly are done in August. Provision for the same is made in the previous year for which TDS is required to be paid in May and Return is required to be filed in June. Generally it is very difficult on or before end of May to finalize amount of Audit Fees and sometime even name of Auditors. There may be some instances where amount of Audit fees differs or Auditors may change like:

a) Statutory Auditors were appointed as Tax Auditors after end of May.
b) Other Chartered Accountant is appointed as Tax Auditors instead of Statutory Auditors in earlier year.
c) Auditors resigned or otherwise termination of assignment and another Auditor is appointed.
d) Merger/ Demerger of Audit Firms takes place.

In these types of cases it is difficult to pay the TDS on Audit Fees on or before end of May, file TDS Return and issue TDS Certificate before end of June. TDS certificate is required to be handed over to the deductee within 7th June i.e. TDS Certificate is to be handed over before completion of assignment and payment.

In these circumstances what should be the date for deduction and payment of TDS -- 31st March and 31st May or within 7th day of following month in which accounts are finalized.

If dates are 31st March and 31st May there is a genuine reason to relax the provisions in this regard.

Please give TDS Rate chart of Financial Year 2008-09