MY ATTEMPT IN NOV 2014 ,SHOULD I BUY BOOK OF INCOME TAX NOW, AS INCOME TAX ACT 2013 IS APPLICABLE ON ME AS ASSESMENT YEAR 2014-15 OR BUY BOOK IN JUNE 2014 AS NEW BOOK WILL CUM IN MARKET THAN .

I am doing air cargo business and I am the proprietor. Is it necessary to register and apply for Tin & Tan. If it so, kindly advice how to apply. what is the use of TIN and TAN in my business

Hello Sir,

I am Working in Mumbai, India in NGO and we are paying 130000/- gross per month professional fees to US person and that person has not PAN no. then what should be rate of TDS. is it Surcharge apply for it? if yes what is rate of TDS & Surcharge on it?

Please help me.

Sharad Patil

HI..

CAN U PLZ SUGGEST ..ONE OF MY CLIENT HAD REFUND DUE OF RS 7700 RELATING TO THE ASSESSMENT YEAR 2013-2014 ON ACCOUNT OF T.D.S. BEING DEDUCTED U/S 194C . DUE TO SOME UNAVOIDABLE PROBLEMS THE RETURN WAS FILED ON 09/04/2014..

WAT WILL BE THE CONSEQUENCES NOW ?? WILL MY CLIENT BE ENTITLED TO THE REFUND ??

If the owner of the property is Mr. A and Mr. B having share 50% both. Now they are receiving rent for Rs. 12lacs i.e. Rs 6 lacs by Mr. A and Rs. 6Lacs by Mr.B. They are raising their own bills of Rs. 6Lacs. So Please tell is there is a requirement of charging Service tax.

sir

we received unsecured loan for our Partnership firm, unfortunately that person dead (he was individual) this year (13-14), if any provision for exemption from unsecured loan Interest on TDS or is it necessary to deduct the TDS @ 10%
please clarify, if possible please notify the sections

I have the following query regarding Deduction u/s.80-TTA.

If an individual having bank interest from his Saving Bank account also has corresponding Bank Charges . And Since the bank interest earned by him is allowed as deduction u/s.80-tta. Can he still claim bank charges as an expense under the Head Income From Other Sources, or he cannot claim bank charges as an expenses.

Dear Sir/Madam,

I am a trader in Maharashtra. I buy goods from the local manufacturors with a VAT of 5%. I sell the goods at Gujrat on that I have to pay CST @2%. Overall Taxes are now increased i. e. 5+2=7%.

My query is that, can I take a set off in VAT of 5% against the CST of 2%.

Please suggest me on that.

And also suggest any other way to reduce such taxes.

Regards --
CS Gaurav Mishra

Dear Sir/Madam,

Ours is a Pvt Ltd company we have purchased Foreign currency for our director foreign travelling expenditure for the business purpose through authorised dealer,

whether the company liable to deduct TDS on payment to authorised dealer ,if it is applicable under which sec.we need to deduct,

Thanks in Advance,
Srinivas

i have one house property which construction is going on. I was sale plot of land and consideration invested in purchasing another resedential house.my query is that can i claim exemption u/s 54f regards purchase and construction i.e. for both houses..
because i have only one resedential house at the time of transfer of land and i can invest in another resdential house.