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srinivas

Is it the responsibilty of the employer to vouch the correctness of information regarding savings given by the employee in his TDS declaration?

Is there any recent case law regarding this?


ca mosam shah
22 May 2008 at 14:23

FBT QUERY RELATED

hy
my clint(pvt.ltd. company) is processer and trader of seeds items. he guide to former in that how the seeds grow in good quality and he expensed rs.700000 during the year 2007-08 and treated it sales promotion expenses.
is he liable to pay FBT ? if yes can we change its group in which FBT NOT LIABLE ?
pls reply me

CA MOSAM SHAH


M.Sriram Shenoy
22 May 2008 at 14:20

Query regarding FBT.

Hello Experts. I have two queries .
1.It is said that FBT is applicable only on expenditures which are allowed by IT Act.If one particular expenditure, which attracts FBT has been disallowed on the grounds of non deduction of TDS, then what will be the tax implication with regard to FBT? If the assessee claims the abovesaid expenditure next year by duly remitting the respective TDS amount, will there be any chance of paying FBT on the same as FBT was not applicable last year due to disallowance?
2. If an employer pays the income tax of his employee, will this be regarded as a perquisite and taxed in the hands of the employee or will the employer be liable to pay FBT on this amount?


DHANA REDDY
22 May 2008 at 13:38

cash paid to warkers

sir
my company doing construction of roads
company pay cash to its workers morethan rs 20000 on one day it is allowable
and it is laiable to deducte tds


gaurav
22 May 2008 at 13:24

TDS not deducted- diallowance

Disallowance of expense - in case TDS is not deducted and the amount is carried forward in inventory.
What would be the effect of the amount which ought to be disallowed


P Ray Bhuniya
22 May 2008 at 13:07

TDS receivable

A company fail to book TDS receivable from party and file his return for that year, during the subsequent year he got a TDS certificate from the party and want to adjust the same during the subsequent year against IT of that year.


Shyam Lal Naik
22 May 2008 at 13:04

Is nil TDS return compulsory

In case no TDS is deducted, is it compulsory to file a nil return? Please cite relevant law.


DHANA REDDY

my company sale mutual funds with sst.
comapny laible to pay tax @ 10% on sale of mutual funds
if sst paid whether it is shortterm capital gain exampeted or not


Abhishek Shah
22 May 2008 at 12:43

Section 115jb

How the provisions of Sec.115jb applicable for 100% EOU for A.Y.08-09


vijaykumar
22 May 2008 at 11:41

TDS on Water Supply Services

Whether TDS is applicable on water supply services?