Ponni
21 January 2010 at 22:10

TDS

Experts please resolve my doubt in TDS
As the latest amendment in TDS is that rate of TDS is nil under Section 194 C with a condition that PAN of the deductee is compulsory. And failure to quote PAN will lead to levy of 20% on freight paid.
How to file return in this case

Whether to file NIL return even when we pay more than 50000 as freight?

Or

File the return specifying the amount paid as freight and the deductee details with rate of tax as 0 %(nil)


CA JONI JAIN
21 January 2010 at 19:10

opening capital

how much can b a opening capital for an ipcc student ?what type of income he can show if it is the first year of filling of income as generally we try to show fake income and also if he/she is indulged in articleship?can he/she get salary from his fathers company?


HARIKISHAN
20 January 2010 at 16:21

TDS Return

I have a problem when i create TDS Return there is massege that is Extension of Challan file should be csi and file could not create.



Anonymous
15 January 2010 at 20:08

cash payment

hi friends, i would like to know what are the various tax implications in case of cash payment for purchase of property ?


ArunI

Sir / Madam,

Good Evening


My uncle is a salaried employee. he is a retired govt employee. & his pension is upto 13000/-. now he got a salary Rs. 35000 per month. he hasn't invest any amount in any securities/ plans or insurance. His age is now 75 yrs. pls tell some investment sources for him.


thanks



Anonymous
13 January 2010 at 10:11

Tax Implication for holding Exhibition

What is the tax implication if any premise either vacant or building is given on rent for holding handicraft/saree or any such kind of exhibition for a duration of 2 weeks to 1 month, thrice a year,


ekta gupta
11 January 2010 at 11:56

Scrutiny

Does the case of Senior Citizens come under scrutiny????



Anonymous
02 January 2010 at 16:13

Unsecured Loan

A person has unsecured loans in his Balance Sheet in the last year's Balance Sheet and few new loans have been taken in current year also. His case came into Scrutiny for the current year.
I want 2 ask does the Assessing Officer is correct in raising question over the unsecured loans of last years when the assessment for those years have already been done by department nd no query was raised at that time??
Further whether there can be initiation of a penalty u/s 271 (1)( c) even when he has given ample proof of genuineness of the loan amount?


swapna
29 December 2009 at 12:24

Builder

Dear all,

Please provide me the information regarding the applicable taxes to a building contractor i.e when he is billing to a client what are the taxes he can levy?

Thank you


V Subba Rao
27 December 2009 at 10:54

TDS on Provident Fund Withdrawal

hi.
I had worked for 4 years for company. Now i applied for withdrawal total amount of PF account. is there any TDS on that amount? what is rate of TDS? Since no taxble icome in current financial year, Can I exempted from TDS on that PF amount?
How can I claim to exemption from TDS? Please guide me.





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