Hello,
I m having commission income from Pvt ltd. company which had deducted TDS @ 10% on commission u/s 94H is Rs.2000/- yearly i have a salary income of Rs.47000/-.

Q - 1 - which return i need to file ?

&

Q - 2 - under which head i need to show commission income ?

help me asap

thank you in advance

Friends

when advance receipt of rent is liable to deduct TDS

please tel me

WE HAVE FILED ETDS FOR AROUND 550 AGENTS.WHEN FORM 16A IS DOWNLOADED FOR ALL 4 QURTERS OF FIN YEAR 2012-13 FROM TRACES SITE, FOR AROUND 10 AGENTS FORM16A IS AVAILABLE FOR THE FIRST QUARTER WHEREAS IT IS NOT AVAILABLE IN THE REMAINING 3 QUARTERS. THERE WAS NO CHANGE IN THEIR PAN NO AND TAX WAS DEDUCTED AND REMITTED AND IT WAS SHOWN IN ETDS ALSO. CAN ANYONE TELL THE REASON FOR NON GENERATION OF FORM 16A IN THE LAST THREE QUARTERS

Hi,

We as Employers have missed depositing a part of the salary TDS deducted (for FY 2012-13). We did pay the other part TDS Challan on time (before 15th May 2013 for Financial year 2012-13) and TDS return was also filed.

Some Rs. 50,000 TDS (pertaining to a single employee, whose record is included in the TDS return filed i.e. 24Q) has been missed. We know it is a big mistake.

Now is it possible to pay a new TDS Challan (pertaining to this amount with interest and any penalty due) and then correct the TDS return filed at TIN Facilitation centre.

If such correction is possible, will we be able to get corrected Form 16 (from Traces Portal)?

Please advise. Any help will be great.

Regards, Atul

How Can I generate form 16, and form 16 a after submission of E-tds returns to tin facilitation centers?
Iam used RPU software for return filing. Whether I need to enter the datas for form 16, and 16a in separate software or I can directly download it from Traces website?

hello

I want to know when to deposit direct tax (Income Tax Return)and submit it's return ?

Thanks & Regards

Bhawna

The form 26AS which shows the tax credit is not available online for past many days. The website is down due to some technical issue.
Is there any way of verifying the Tax credit on line.

Regards,

I am an Indian resident in the business of imitation jewellery. One of my primary markets is Hong Kong and China. I frequently travel to Hong Kong & China for business.

I am looking to set up a company in Hong Kong which. The company will do trading outside India (that is buying from suppliers located outside India, and selling to clients located outside India). So the profits that will be generated will be purely foreign income (without any link to India).

My questions are as follows:

1) First and foremost: Is any prior permission of RBI required for setting up a company in Hong Kong by Indian resident individual?

2) I assume that it will be necessary to show the profits generated in the foreign company as foreign income in my books of accounts in India, correct? In such a case, will I have to pay taxes on the income of the Hong Kong company both in Hong Kong as well as in India? Is there a way to avoid such double-taxation on the same income?

Thanks in advance for your assistance.

if a X Pvt Ltd company have 5 employees (including Contract Employees) at the year end. during the year 4 employees has resigned. company is paying Gross salary Rs.30,000 to all and basic is Rs.18,000. whether company comes under purview of PF and ESIC.

Mr. A – has a property in India which was purchased by him in March 1992 @ Rs. 5.21 Lacs. Now he is UK Resident aged around 80 Years. Now he want to sell the property but cant travel to India. He is willing to sell the property @ Rs 1.68 Crores.

Option 1
If Mr. A authorized one person in India through POA to sell the property & that POA Holder sells the property @ 1.68 Crores. If money is paid to POA Holders account as mentioned in POA. Then who will be liable for Capital gain. Seller who is there in UK or POA Holder & what will be tax amount & its calculation.

Option 2
If Mr. A personally visits to India & sells the property then how the payment can be done to him as he don’t have any account in India. Can the purchaser make the payment in his foreign bank account . Is that allowed under FEMA / FERA. What will be tax implication & tax calculation.

Option 3
If Mr. A not coming to India & sells the property through POA Holder @ 1.68 Crores but the payment is not done to POA Holder. Can the purchaser makes the payment to Mr. A’s Foreign Bank Account. Is that allowed under FEMA/ FERA. What will be tax implication & who will be liable to pay tax & where. What will be tax calculation.

Regards.

Satyam