Liability on Deducion and payment on TDS is based on Company or Location? One company having two manufacturing unit in different state unit 1 (Main unt) & Unit 2 sub unit. It is necessary to get two TAN in different location and payment also to the different state

In group companies x & y

x deducted tds on contractors Rs.27668 and paid to govt.One month after that bills transferred to y co., on that bills y deducted tds and paid. Because contractor not related to x company.

x company in the month of jan'08 tds deducted some 75000/- on that amount adjusted rs.27668/- and remaining balance payable was rs.47332.

please sir this procedure was correct or any statutory procedure is there.

Liability on Deducion and payment on TDS is based on Company or Location? One company having two manufacturing unit in different state unit 1 (Main unt) & Unit 2 sub unit. It is necessary to get two TAN in different location and payment also to the different state.
K Hariharan

MY QUERY IS AS FOLLOWS

I HAVE A HOUSE IN MY NAME IN GURGAON AND FOR BUYING THAT I HAVE TAKEN LOAN FROM BANK AND PAYING INSTSTALLMENTS. BUT I AM RESIDING IN DELHI AS I HAVE JOB AT THERE.

I AM CLAIMING RENT RECEIPT OF RS 8000/- PER MONTH AND RS. 1,50,000/- AS INTEREST ON HOUSING LOAN.
PLEASE CLARIFY ME THE SAME AS MY IT DEPARTMENT OF COMPNAY DENY TO ACCEPT THE BOTH THINGS AS THEY SAID YOU HAVE TO CLAIM ONLY ONLY ONE BENEFIT. PLEAE SOLVE THE QUERRY AS EARLY AS POSSIBLE. WITH DETIAL OF SECTIONS AND CASE IF ANY.

sir,
An individual has a gross turnover from Wholesale trading of Rs39 laks .he is in receipt of Rs 25000 as interest on bank deposits and Rs 80000 as commission for arranging Real estate transactions.
The total of all the above comes to just above Rs 40 lakhs- is it liable to Audit u/s 44 AB ? and also clarify whether the law is very clear on this point
I believe that it makes a lot of difference if the trading activity can be said to be RETAIL as it falls u/s 44AF.

Thank you for the solution -in this case supposing that the interest received is from personal investments such as ordinary bank deposits, the total turnover will be the sum total of 39 lakhs amd Rs 80000 (commission) - in which case there is no requirement of 44 AB audit - will you please confirm

Sir, I am having following doubts regarding gift tax. Kindly clarify.

1. Gift exceeding rs 25000 from non relatives is taxable

a. whether entire amount is taxable or amount exceeding Rs 25oo is taxable.
b. If gifts are received from two or more persons and all of them are less than 25000 individually,and exceeding Rs 25000 in total. Then how it is taxed.
c. Is it applicable to cash only or gift received in kind.

Thanks in advance

can any one tell me the forms from A to H.
Please dont give any links but solve hare only
THANX.

what is MAT?HOW it calculated?Is it applicable to individuals?please reply?if u have any documents relating to MAT please sent me through prakehttt@gmail.com

whether dealing in derivatives pertaining to the period before 31.03.2006 is business income /loss or speculation gain/loss .

what about the set off of derivativelosses treated as speculation losses for the period 04-05 with business income during 07-08

Liability on Deducion and payment on TDS is based on Company or Location?

One company having two manufacturing unit in different unit unit 1 (Main unt) & Unit 2 sub unit.

It is necessary to get two TAN in different location and payment also the same

K Hariharan