Dear Sir

I received bill from consultant he provided us consultancy service of Rs. 25000/- P.A.

He also charged Service tax on basic amt.

He gave own Pan card copy ag. bill.

should we deduct 20% tds for not giving consultancy pan card.

Dear all,

The company made incentive provision for its emplyees of Rs 50 Lakh as on 31.03.2013, but the comapny paid the incentive to employees in september 2013 before filing Return of Income, TDS on incentive also deducted and paid in september 2013 and filed E-tds . Income tax department issued notice for Interest on late payment of tds. Should comapny pay the interest or is there any solution in avoiding ???? . Please give the solution and quote provision.

My salary is below Taxable Limit. Should I required to File Return?

Dear Experts,
Pls let me know if Interest on FD can claimed for Sec 80C.
Is it liable to deduct tax.?

Regards.

Dear Experts,

Can a member of HUF give gift to other member of same HUF...wat will be the tax implications??

is there any risk of penlty u/s.271f in filing return after the end of one year from relevant financial year if tax payable is upto 500 rs. only ?

I have some shares in a privately held LLC (not listed on any exchange) in Singapore.

How long should I hold the shares after which they will be eligible for long term capital gain (as against short term)

Can Any one plz help me with this. I have error while filling TDS return with RPU 3.8:-

Line No-70.
Record Type-Challan.
Statement Type-Regular.
Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number.
Challan Details Record Number-12.
Deductee/ Salary Detail No-NA
Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.

Hi !

We are paying honorarium to visiting doctor. At that time we are deducting professional tax on honorarium.

But our doctor says that he has his own professional tax no. & pays rs 2500/- as professional tax for the f.y. 2013-2014 & he had submitted the challan copy of the same to us. And asked not to deduct professional tax while paying him monthly honorarium.

So our question is that it is correct, not to deduct professional tax because he himself fills up the same.
And next question is that in f.y. 2013-14 professional tax of doctor gets deducted two times so he can claim standard deduction for both the professional tax while submitting his income tax return.

Thanks & Regards,

Amit chawan

1. Can a company give loan to other Co. . The Management is same in both the companies.

2. Can one comany give security Deposit to other company for using its office space.

3. Can a company buy shares in other company whose management is same.Can the directors have shars vice-e-versa.