Experts please resolve my query:

I have paid TDS of Rs.5730 under Section 194 C for amount paid for contract at 10% instead of 1% i.e Rs 573.
I have noticed my fault after payment.Is there any remedy to recover excess payment of Rs.5157 from the IT department???????

Please reply me soon as Iam in a critical situation to answer for my fault to the actual tax payer.

Hello, I am qualified professional but have not earned even a single penny in last year. Do I still have to file my return?

Saraswati

I am spending on my brother Rs. 15000 per month in Mental Rehabilitation Centre which is a registered Trust.

Will i get tax benefit under 80G?

If not, is there any other way of getting tax exemption on above expenditure?

Thanks in advance.

RG

I have a total tax liability of Rs.38823 for FY 2009-10 out of which Rs.1569 is yet to be paid. This arising due to fixed-deposit-interest-income. (The bank already deducted 10% at source, I have to pay the remaining.) My question is do I have to pay 1% interest per month on this liability?

Here are the details,

Total income tax .... 38823
TDS by employer .... 35772
TDS by bank .... 1482
Tax payable .... 1569
Interest on tax payable .... ????

Thanks,

Can i file a nil return for FY 2008-09.
is there any penalty or additional charges?

I have proprietorship company providing security services on contractual basis. I would like to know the latest rule on rate of TDS deduction by my clients for my services provided to them.

Dear sir,

We here with run propriter ship
firm "kanjibhai prabhudas" i have one
query for u.

i have to pay interest Rs 450000/- on my book on 31-03-2010. i would like to know how much tds i have to pay ? one more thing. i have to pay before31-05-2010?
if i pay after that date should my tds
is not valid or i am liable to pay penalty
of Rs 100000/-. pls let me inform at earliest.

thanks.

X has a piece of land gifted to him by his father ,

1) Sale Price - Rs 55 Lakhs (11,000 SqFt x Rs 550/Sqft)
2) Stamp Duty per Sqft Rate - Rs 350
3)Purchase price - Rs 5,000 in 1967
4) Brokerage - Rs 50,000
5) Cost of improvement - No documents available for the servant quaters made in Year 1997.

X wants to keep his tax liability minimum without exercising the options under Sec 54.

Also when the land was purchased it was under rural area but with passage of time got included in the city .

Will it attract Capital Gain.

Regards

please give me breakup of my Salary in allowances for Saving maximum Tax that is amounting to Rs. 300000/- P.A. CTC. I knwo abt Transportation Allowance that is 800PM Tax Free and i have my own house on my name can i not get Tax free HRA. any other options ?

HELLO EVERYONE,
I M INTERESTED IN TEACHING BUT DONT KNOW HOW TO START I MEAN I LACK CONFIDENCE.

PLZ SUGGEST ME NAME OF SOME INST/CLASSES IN MUMBAI THAT PROVIDE TRAINING FOR THE SAME.

I WANT TO START WITH BCOM (FIN AC,COST AC, MGT AC, TAXATION)

THANX IN ADVANCE.
MY ID abhipcc@rediffmail.com