Is TDS to be deducted from Payments of a Company to Travel Agents (if in excess of Rs.50,000/annum). What all kind of payments do come under 194C . Is all service providers included under the scope of this sectiom?

Respected Colleagues,

We all know that e payment is now compulsory from 1st April for companies and assessee which is cover u/s 44AB.
My query is that whether its necessary to pay tax from their own a/c ? Means can't we make one separate a/c for our client and can pay all the taxes from this a/c ?
Also tell whether e payment can be done by credit card/debit card? its YES then how it can be?

Please guide me ,

Thanks in Advance,

CA Pranesh Agrawal
Surat

Whether Professional Pursuit Allowance,Helper Allowance & Washing Allowance paid to a employee working at a construction work site in Mumbai is exempted.If yes,what is the limit & what condition to be fulfilled.

G.C.Bhura

what is the tax treatment for provision for diminution in value of current investments ,longterm investments

Dear Colleuges,


Could you please let me know any provisions for Tax exemption under 80 C if we invest today for Last year salary tds exemption.


Thanks,

sir/madam,
I have confusion about new stt norms effect,
As far as i know earlier it was available to be allowed as deduction u/s 88E where the average rate of tax was used to calculate the deuction.But from this year "budget 2008" it has been fully allowed as deduction so we can claim entire stt paid as deduction.

please tell me what is bad about it,as stock markets,traders particularly are disliking it?

OUR COMPANY PURCHASED CARS IN THE YEAR 2002- TO 2008 TOTAL VALUE WAS 32 LAKHS
ALL CAR LOANS ARE CLARED UPTO 15LAKHS, REMAINING 17 LAKHS LOANS TAKEN DURING THE F.Y. 2007-08.

WEALTH TAX ON VEHICLE OUTSTANDING BALANCE AFTER DEPRECIATION OR LOAN OUTSTANDING BALANCE WHICH IS TAKEN?

OLD CARS AFTER WDV (DEPRECIATION) AMOUNT TAKEN FOR WEALTH TAX ? PLEAE CLARIFY SIR.

Dear all,
Please give provisions of Section 271F of Income tax Act.

Thanking you.

RENT RECEIVED - LIMIT OF AMOUNT FOR ST
RATE OF S.T

INNOVA PURCHASED IN THE NAME OF COMPANY ON THAT WEALTH TAX EFFECTED OR NOT?