The AO charged interest @12% p.a. for delay in deposit of TDS by one day to three days for full one month. But as per rule 119A (a) where interest is to be charged @ per annum basis then part of month is to be ignored. If delay in deposit of TDS is less than one month whether the AO is right in charging the interest for full month.If AO is correct then What is the remedy?
Kindly reply urgently.

Is there is a pre-condition that for claiming deduction for repayment of housing loan under sec 80c the house should be self - occupied?

If a Security Officer working as chief security officer on three years contract basis but all terms & condition in contract shows his identity as employee i.e. PF Deduction & leave & othes rulse all similar as employee on roll.

What section apply for his TDS Deduction u/s 192 or 197C or 194J?.

Thanks

NITIN KUMAR VIJAY
9218567870

If a Security Officer working as chief security officer on three years contract basis but all terms & condition in contract shows his identity as employee i.e. PF Deduction & leave & othes rulse all similar as employee on roll.

What section apply for his TDS Deduction u/s 192 or 197C or 194J?.

Thanks

NITIN KUMAR VIJAY
9218567870

DEAR SIR

IS IT ALLOWED BY AN INDIVIDUAL ASSESSEE, TO CLAIM A LESSER RATE OF DEPRECIATION ON THE VEHICLES, USED DURING THE YEAR, FOR INCOME TAX PURPOSES

S.NARAYANASWAMY

Can anybody tell me about the books for CA final for direct tax and indirect tax.

sri pushpendra an expert repied that hiring charges of car attract tds u/s 194c on dt.16.3.08. in a queryof auther sachine posted on 16.3.08 while same type of query of dinesh posted on 15.3.08 CApraveen chopra difined it u/s 194I WHICH IS ALSO AGREED by R.V.Rao. and CA Shailesh on 16.3.08.please clarify.

if compnany paid as security charges to top secutiry p. ltd for watchman employed at factory.

than in this case it will attract TDs at the rate of 194C or 194J

u/s 194i tds deducted on rent and hire charges for plant and machinery, equipment, land & building.

so my question is that if company hiri passanger vehical for employee keep and drop from home to company than in this case of hiring of motor vehical attract tds at under 194 i or 194 c.

regards
sachin

If company is liable to pay tax under MAT then company is also liable to pay differnce amout of tax to goverment as per corporte tax thier for (30-10=20%)

if yes

then how to do accounting for balance liability of TAX in the books?