service tax is charged on rent includes TDS (rent + tax deducted at source )
or
only on gross amount of rent
????? on what amount service tax is required to be chargeable.
i have purchased land, which is having government value more than the actual market value of that land.
so, is in this case the difference would be charged as deemed income or else ?
and, what are the remedies available for reducing tax liability ?
please reply
thank you
Friends..i need a clarification. .. my IFHP is Rs.250000 long term capital gain is Rs.100000..and 80c ded is Rs.100000..I want to know hw much tax i has to pay for this F.Y
If i have total income of Rs.300000 in fy 2012-13,out of which Rs.100000 is LTCG then, 1. what will be the tax amount. 2. How can i apply the basic exemption limit.
Hello Everyone,
Please Guide me on this,
My friend is working in his father's Architect Service providing concern, working as an Employee, his salary is Rs. 40,000/-p.m. The thing is, he dont want to take salary, & since 7 months he is not taking his Salary. But the Accoountant is deducting the TDS from his Salary every month.
Is it correct on the Accountant's part?
Please explain me the whole thing.
Thank You.
Please explain me what amount of TDS to be deducted if there are two seller one is Indian and other is Indian but holding passport of Overseas Citizen of India and property is already sold and TDS is deducted @ 1% can anyone explain the consequence and how can it we resolve the same and the seller (OCI passport holder) has applied for PAN Card but same is in process.
Can an assessing officer visit the official business premises of the assessee during the scrutiny proceedings u/s 142 of past A.Y.?
Please reply.
what is the position of the wealth tax liability in case of pvt ltd companies having depreciable assets and land on which plant is constructed also vehicle and business debtors and cash and bank balances. no other assets in held. in liability side having authorised and paid capital approx 40 lacs. than bank limit as well as unsecured loans and few current liability only.
hello sir,
a person paid insurance premium his son's name RS 180000.
who can claim deduction u/sec 80C.
both are having income 500000.
Dear sir,
As a individual I have earned income by selling the goods other party & i m getting commission for that. So for the purpose of to Return ITR do i need to keep books of a/C ? under which head I should show this income.
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Tds on rent