A foreign company(based at Hong Kong,having no established in India at all) is going to supply two video cameras(sourced from Japan) to an Indian Branch of another foreign Company. Now the end user is saying that it will deduct 20% tax as TDS as the foreign company(Hong Kong Based) is unable to provide the PAN card.And this is a permissible activity under income tax act, 1961 [Reference Explanation 4 to 9(1)(iv)] and since, Beneficiary do not have PAN in India. Tax should Deduct @ 20% (Reference Section 206AA read with Section 195 of Income Tax Act, 1961].
My question is whether the above activity is a geniunie tax deduction or not...
Can any one advice me about a suitable course. I completed b.com(H)on 2007, present working in a pvt.firm as a accountant,want to complete a course which is suitable for me for get a better job. also please give information about store management/material management from distance which is better for me or not?
dear expart
filled commission income u/s 44ad show income more then 8% of gross receipt and commission income not exceed the limits
of sec 44aa and used 4s return form any problem to get refund? If yes then can I
revised return for ass. year 11-12 and 12-13 ? for your information all are belated return and itr-v not sent to cpc till date.
please advice me thanks its important.
dear expart
name of an assessee is different in income tax website then printed on pan card.The
name of pan is ok, its as per his douments
but its wrong in IT website.now how can be it rectified? and also I want to know that
the assessee JURIDICTIONAL ASSESSING OFFICER WORD IS W-1, PALGHAR MAHARASTRA but now he come to assam in his parmanent address, is any problem to file his return
and get his return back? how he change his
juridictional assessing officer word? advice me thanks....
Sir if there is short term capital gain on a plot of land...
purchase price is 15 lacs
sale price is 42 lacs with in 3 years..
what is the ways for tax planning so as to save maximum tax on it....
thank you sir...
If sum of Rs. 9,00,000/- is deposited in S.B A/c and after 2 months it is taken back.
How does this affect in annual income tax declaration? what are the Income tax related issues wiil arise on this?
Please suggest.
1.if we are not satisfied with AO's assessment order u/s 148 and go for rectification under sec 154 but still AO does not rectify, can we go to any higher authority u/s 154 or any other section to get rectification?
2. AO has given no relief as to wedding expenses incurred including shagun, bank acoount withdrawl ,affidavit of relatives...nothing at all.he has given penalty showcause notice along with assessment order only with a date for hearing u/s 271.What is the use of that hearing if assessment order is already made by him?is not it also a bias?what is speedy remedy to serious blunder caused by him knowingly?Vigilance commission, ombudsman, commissioner , any other or all?
RESPECTED SIR,
PLEASE GIVE IN DETAILS THE SERVICE TAX PROCEDURE ON OUTDOOR CATERING
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Tds for foreign companies