One of my friend is working with Govt.corporation. his gross income for A.Y. 2009-10 is below Rs.1.5 Lac. And as such his office not issued Form No.16.
His minor son is being enrolled as private finance consultant & total commission paid to minor by a institute is Rs.3.98 lacs & T.D.S. of Rs. 40235/-

kindly guide in the matter for filing I.T. return of parent.

My company has work done in the year of 31st March 2003 as construction of residentrual Building. but due to some financial crisis of our client the have non any payment made to us bus bill was finalised on that date amd we shall take this amount account for in this year. The fact was taht the client was assure to us the will pay the amount. In the year 2009-10 we gate this amount. My question is we shall bount to pay the service tax under5 residential complec.

under section 194C, TAXPAYER NEED NOT TO PAY TDS IF HE PROVIDES PAN CARD. AFTER RECEIVING THE XEROX COPY OF PAN CARD WHETHER WE HAVE TO INFROM THE DEPARTMENT IMMEDIATELY OR AT THE TIME OF PREPARING THE BALANCE SHEET THAT WE ENGAGE THIS TRANSPORTER FOR HIS SERVICES & WE DIDNOT DEDUCT THE TDS ON FREIGHT BECAUSE HE IS PAN CARD HOLDER?

Dear All ,

I have a doubt regarding the TDS rate on rent as per the new rate

We are paying rent of Rs 26000 and generator sharing charges to the Owner Rs 2500 per month , do we need to deduct tax on generator sharing charges also .

Now there is another issue that for our building there is a separate transformer set up so we are also paying a share of 16000 per month for the same .
so do we need to dedust tds .

Regards
Nisha

Dear Sir,
I would like to know the penal provisions if Professional tax payment is delayed in Chennai.

Dear sir,

I would like to know the penal provisions for delay payment of professional tax in Andhra Pradesh and Chennai.

Hello everyone. Please help me with this. I have taken a margin funding from a bank to invest in IPOS. I have ended up paying Nerly Rs.75000+ as interest cost to them. Should I deduct TDS on that amount or is interest payable to Financial institutions like banks, etc exempt from TDS?

Hello everyone. Please help me with this. During the Financial year 2008-09, i sold some physical ( unlisted ) shares and have accrued Long Term Capital Gain of Rs. 100000 ( after indexation). I invested the entire money in stock market, and ended up making a Short term capital Loss of Rs. 80000. Does this mean that I have to effectively pay tax only on 100000-80000 = 20000 X 22%?
Please help me.

My husband will be receiving arrears of
Rs. 5L. What are the options available to him to minimise the payment of tax on arrears of salary receivable through Government of India.

Dear All,

We have a scenario now that a contractor has got the lower deduction certificate, in that the base rate of tax with the cess and surcharge has been mentioned, and now as per the new tds rates there is no cess and surcharge, so are they also eligible for that, or we have to wait for a revised lower deduction certificate from them.