Please Mention New TDS Rates from 01.10.09

Hi,

A Holding co. have transferred some amount say 20 Lakhs to its subsidiary company for meeting their fincial requirement. My question is whether intt. on Rs. 20L is required to pay under Income Tax Act. If subsidiary co. has not paid any intt. on that amount then any disallowed may be there under Income Tax Act or there is any remedy for subsidiary co. not to pay Intt. on received amount from Holding co.

Also provide if any case law/notification or section in this.

Hello sir,
Please clarify me in the following case:
Mr. Rama is Mentally disorder.
He was not an income tax assessee till now but for financial year 2009-10 he sold his property and got capital gain of Rs 5536200/- .
But the problem is his sale proceeds is in the court asking him to get Capital gain calculation statement and asking him to pay tax.


My doubt is, Is he liable to pay tax on the capital gain?

Hi,

Please clarify whether a change in assets in laibilities between two yerars can be entered in a cash flow statement. To my mind, CAsh flow should contain the sources & application of funds in a year. The change in the assets & liabilities comes in a Fund Flow. Please clarify.

dear sir

Plase tell me wthether Tds is applicable on Director's Remuneraion and under which section.

If cash system of accounting is used and for any fixed assets purchased 80% payment is made and balance 20% amount is retained as retention money. In that case fixed assets should be Capitalised at 80% Valaue or 100% Value.


Thanks in Advance.

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