If a woman (Age 56) is having the income from house property as the only source of Income. The rent is Recd Rs. 17940/- p.m. after TDS of Rs. 2060/-.

So my query is can she give the declaration in Form 15 G to the deductor for not to deduct the TDS.

Regards
Rajesh

One party has prepared the invoice showing as "invoice for the month of march". In which it is also written that date of commencment of services 20.01.2009 and date of completion 30.03.2009.
It is not possible to get new invoice from party.
Is service tax rate will be 12.36% or 10.30% for this invoice?

For each TDS section , monthly figures are to be given in respect of

* Total expense or capital outgo under the section
* Total amount on which TDS was to be deducted
* Total amount on which TDS deducted at normal rate / TDS amount
* Total amount on which TDS deducted at lower rate / TDS Amount
* Total TDS = TDS at normal rate + TDS at lower rate


Please explain about above said remarks over minimum / Normal \Lower

and also tell me when we have to deposit the TDS april 09 onward

The local municipal corporation has appointed a transport vendor to extract the sewage water from our office area on a fixed payment on trip basis.

As vendor is providing a service we want to deduct a tax, but the vendor's argument is that he is government appointed vendor and the fixed payment has to be received by them on whole basis without deducting any TDS or ESI.

Can we pay vendor without deducting the TDS as per his argument.

I m a owner of self occupied housing property purchase Value is Rs. 80,00,000/- on which i m paying Housing loan interest of Rs.750000/- p.a. but in my tax return i can take deduction of interest payment up to Rs.150000/- only. now suppose i purchase a small house with my own money and value of this new house is Rs.200000/- then which house i has to show as SOP and which i how to show as deemed to be let out and what is the treatment of Interest paid on Housing loan for my first house

Dear sir,

Suppose if

NRI - purchased home in Inida from NRE BAnk acccount

He has paid stamp duty on 10,00,000/-
But he has been asked to pay short stamp duty under 32C of stamp act act on the value - rs. 13,00,000

Dept. has said u have CONCEALED INCOME OF RS. 3,00,000/-

AND HAVE TO PAY TAX ON IT

Is the dept. Correct or is there any way to deal it.?

I also want to know what would constitute "CONCEALMENT OF INCOME" AS PER INCOME TAX ACT

Sir/Madam,

Please tell me the difference between ATC and IPCC?

Hello Sir/Madam
So many time we all see that company pay/reimburse a driver salary of upper level empoyee who came to company by vehicle.so therefore guide me the appropriate head.whether that driver come under payroll of company and PF,ESI liability also has to be incurred or we booked under any other head. But the driver payment liablity is on employee not on company.

If a person has income u/s 44AF of Rs.78950 (ie.sale and purchase of gold ornaments)and also having income of repair and making of gold ornaments on job work in which he earned Rs.88960. The aggregate income is Rs.167910. Whether penalty can be levied for not maintaining books or not.

I was a bit confused about legality & validity of notification issued by ICAI on 27.03.09 in regard to students. Whether Institute has these many powers under any law that it can even bound an article (a major person i.e. above 18 yrs. – As per constitution) to undergo article in a city in which his parents are working & whether institute has power to decide even the place of livelihood of an article. I am a bit confused that if an article’s parents are living in a distant village & there is no CA firm within a diameter of 50 km or even if there is any firm it doesn’t have vacancy, what will happen in such cases.