Is it now absolutely mandatory to submit PAN no of the landlord for the rent amount paid, as in many cases the landlord is reluctant in disclosing the same though the same is being insisted upon by the employer for the purpose of deduction of Income tax at source? Is there any other option?

I wish to know about capital gain on redevelopment of property. Situation as follows:

X & Y had a property with 3 floors of X & 1 floor of Y. This property went into redevelopment & X recd say Rs. 1.5 cr and Y recd Rs. 0.50 cr in csah and one flat each valed by the valuer at Rs. 1.8 cr of X & Rs. 1.20 cr of Y. I wish to know following:

1) whether it is a transfer u/s 2(47)? Whether capital gain tax is attracted?

2) what is the treatment of cash recd by X & Y?

3) how to determine capital gain in this case? whether following calculations are correct?

In case of X, consideration in Cash. Rs. 1.50 cr

Flat value. Rs. 1.80 cr

Thus, total. Rs. 3.30 cr

Less: Indexed cost of acq, say Rs. 1.20 cr

Thus, net cosideration. Rs. 2.10 cr

Less: Inv in NHAI bonds. Rs. 0.50 cr

Inv in new flat as above u/s 54. Rs. 1.80 cr

Thus capital gain. (-) Rs. 0.20 cr

Please reply.

Thanks.

sir'
we got notice fro IT dept reg short deduction.
1. i have chosen 94h instead of 94c
2. how to make a challan payment for int on short deduction.
3. am i need to pay short deduction amount.
4. if 3 is not how to change the challan code

please guide me

Hi,

We have to make payment to a non resident individual for training services provided outside India, I want to know is the payment is subject to TDS with below facts, if taxable relevant DTAA Article please.


1. Training service provided outside India by non resident

2. company doesn't have any branch outside India, all training service receipts are directly received in India, later the company is paying trainees located out side India

3. company's basic object is training services

difference between surrender of salary and foregoing salary

Dear sir,

If i have 5FDs with different banks which are not tax saving
Each bank will deduct TDS after crosing Rs.10,000
my questions are
In which section i can deduct interest?
I have interest with different amounts like 12000, 15000, 10000,20000,7252 how ican calim deduction like each FD has seperate Deduction or for whole i can have single deduction of Rs 10000

Is TDS required to be deducted for an organisation having 80G Certificate? If TDS is is not required to be deducted should the organisation also have 197(1) TDS exemption certificate?

Kindly clarify the doubt...

Thanks in Advance.

An assessee has paid interest on unsecured loan which is more than Rs.5000 but he has not deducted TDS on it.

This interest is of March month of F.Y.-2012-13,and the deductee has shown such income and paid tax on it.

So,should the assessee(deductor) pay TDS now with interest or is he covered under section 204 for which he is not required to pay TDS?

Please help me out....

hello Caclub family, there is a query my Dad, sole proprietor, purchased a bike for me in 2011 on my name and not brought in the books but now we want to bring in the books, Is this possible? and if, how I can do this?

DEAR SIR,

WE HAVE TAKEN REGISTRATION FOR RCM PAYMENT MANPOWER SUPPLY & RENT A CAB SERVIE,

BUT WE HAD MADE ONE PAYMENT FOR MANPOWER SUPPLY & RENT A CAB PERIOD OF AUG-13 TO DEC-13 CONSOLIDATED DUE TO REGISTRAION TAKEN IN THE MONTH OF OCT-13 FILLING A ST-3 RETURN HOW WE FILE THE RETURN WHIN ENTERING THE PAYMET DETAILS CAN WE ENTER ONLY 6 MONTH DETAILS? & WHAT ABOUT AUT & SEP MONTH PAYMENT DETAILS. GAR-7 IS CONSOLIDATED & PAYMENT MAKE FROM AUG TO DEC IS UNDER ONE GAR-7.PLEASE REPLY