Hello everybody,

I want to know in a proprietorship concern, when I am paying salary 25000/- (aprox.) to each individual, how do i deduct tds and what are the dates of deposit tds, what are the rates and which number of tds challan is applicable to this.

Please reply soon!!!!

Mail direct at 4dahiya@gmail.com

Dear Sir,

we are working as a contractor and We are registered under Works Contract tax in Haryana.Which is @4%. Our Contract are inclusive of Service Tax and Works contract tax.The contractee is deducting & depositing works contract on Service Tax also. We have filed the return by claiming refund of excess works contract tax paid on service tax. Now the assessing officer is not giving the refund by claiming that the works contract is on payment recieved, whether it is service tax.Please clarify it whether we are eligible for refud or not by considering that the service tax is indirect tax and to be deposited to govt. account.

If a person of indian origin want to leave India & he was going out of India tnan he has required Tax clearance Certificet from income tax department for going out of india?

pls help me in explaining tds and advance tax calculation for salaried employees..

what will be status of bcct from 1 april 2009, any notification regarding scrapping of bcct issued or not

I AM GETTING MEDICAL REIOUMBUSEMENT (OPD)FOR THE TREATMENT OF DISEASE FROM GOVERMENT HOSPITAL I.E AIIMS AND PGI,CHANDIGARH AND EMPLOYER. I HAVE TO BUY THE MEDICINES FROM OUTSIDE I.E PVT CHEMISTS ETC. AS PRESCRIBED BY THESE HOSPITALS/DOCTORS.
AS PER SECTION 17(2) OF I T ACT MEDICAL REIUMBURSEMENT IN EXCESS OF RS. 15000/- IS TAXABLE EXCEPT THE TREATMENT TAKEN IN GOVT HOSPITAL OR EMPLOYERS HOSPITAL.
NOW I WANT TO KNOW THAT IS THE REIUMBURSEMENT OF ABOVE EXPENDITURE WILL BE TAXABLE OR NOT ?

I AM GETTING MEDICAL REIOUMBUSEMENT (OPD)FOR THE TREATMENT OF DISEASE FROM GOVERMENT HOSPITAL I.E AIIMS AND PGI,CHANDIGARH AND EMPLOYER. I HAVE TO BUY THE MEDICINES FROM OUTSIDE I.E PVT CHEMISTS ETC. AS PRESCRIBED BY THESE HOSPITALS/DOCTORS.
AS PER SECTION 17(2) OF I T ACT MEDICAL REIUMBURSEMENT IN EXCESS OF RS. 15000/- IS TAXABLE EXCEPT THE TREATMENT TAKEN IN GOVT HOSPITAL OR EMPLOYERS HOSPITAL.
NOW I WANT TO KNOW THAT IS THE REIUMBURSEMENT OF ABOVE EXPENDITURE WILL BE TAXABLE OR NOT ?

Hi All
prof. tax ded. by an employer monthly but forgot to deposit for one month although recovered from emp. salary. what an employer should do?
can he deposit it late( with or without fine)?

Thanx

hello everyone
if a home loan is taken by the employee from its employer bank and int charged to employee is less than charged to any normal a customer of the bank.
1)rebate in int is to be treated as perk in the hand of employee.is it correct.
2)whether he can claim the deduction for int on loan. he has acquired home with the amt of loan but till date has not paid any installment for the same.amt of int is accruing in his loan account..
pl. suggest
thanks in advance

hello everyone
if a home loan is taken by the employee from its employer bank and int charged to employee is less than charged to any normal a customer of the bank.
1)rebate in int is to be treated as perk in the hand of employee.is it correct.
2)whether he can claim the deduction for int on loan. he has acquired home with the amt of loan but till date has not paid any installment for the same.amt of int is accruing in his loan account..
pl. suggest
thanks in advance