A Sub-Contract given to the party for Site cleaning, leveling, compound work etc (Land Development). Suppose Party is from Pune and Site is at Guwahati. Party Claim the travelling expenses on his letterhead without attaching any supporting.

Should i deduct TDS on travelling claimed by party? if yes at what rate & under which section?

If Possible give case reference under itr

My client run MLM company and charge Rs. 2600.00 from members. Out of this He Credit Rs. 130.00 for service charges, Rs. 470.00 give General Insurance Polocy and Balance Rs. 2000.00 He book under Credit Liabilities. This way he accumulate Rs. 2000.00 under current liabilities and Pay the commission or incentives to members whenever they achieve certain target and deduct TDS from this payment.
I want to know is this the right accounting method.
Can we directly credit under current liabilities with crediting such receipt to P&L a/c.
Please guide me.

RESPECTED MEMBERS,

PLEASE GIVE US THE INFORMATION REGARDING THE TDS RATES FOR SECURITY PAYMENT CHAGES. WHETHER IT FALL IN 194J OR 194C.

WHETHER TECHNICAL OR MANAGERIAL SERVICES FALL IN 194J.

THE PAYMENT FOR SECURITY CHARGES IS GOES TO THE "TOPS SECURITY LTD."

RESPECTED MEMBERS

PLEASE PROVIDE ME THE PARAMETER FOR BIFURCATION OF CONVEYANCE AND TRAVELLING.

WE ARE HAVEING FACTORY AT PALGHAR & PEOPLE IS GOING TO THE PUNE AND NASIK FOR SOME MANDATORY TEMPORARY WORK.
WHETHER IT IS FALL IN CONVEYANCE OR TRAVELLING.

Our employee paid total tds amount and he will be getting 3000/- refund as per form 16

Now company was giving form16

he asked me file the advance return for a.y.2008-09

please it was possible or not

Now we are filing f.y.07-08 a.y.08-09
ITR returns ( any possibility is there )

please sir

A salaried employee having Gross salary 132000/-, but after deducting allowance u/s 10 and investment u/s 80 taxable salary remain only 98000/- but also having agri income of Rs.100000. In such a case how to compute taxable income ?

sir What is the difference between Revenue and income

Sponsorhip Fees paid for an event which is supported by the state / Central Governemnt will be liable for FBT.
(For e.g Suppose i an IT Company and paid Sponsorhip fees for organising event regarding IT which is supported by central/state Govt of India.)

Dear Sir/Sirs,

Will u please guide me how to file my Income Tax Returns online with all enclosures viz.,capital accounts,balance-sheet,Profit and Loss Accounts,computation of taxable income,TDS Certificates,LIC/PPF/MEDICLAIM premium payment receipts.

With regards
Kashyap Vyas

Facts : Currently i m having Rs. 30000/- STCG, which is taxable @ 10%. Therefore tax amt of Rs. 3000/- + cess is payable.
I want to avoid this by booking STCL on current securities (CS) held by making Intra-day sale of CS. I will be purchasing these CS (same no. & combination of scrips) again on Intra-day basis.

Query : Is this Intra-day sale & purchase will be treated as a Separate transactions for tax purposes OR this will be ignored as "No Delivery" is involved in Sale and Purchase.

Please provide some case law or circular, if any in support of this.