i know that company is liable to deduct the tds on salary paid to employees. my question is that if a employee filed a declaretion to company that he will be invested rs.100000/ u/s 80c, & company give the deduction for same while deducting tds, but later on employee could not invest the same,& company deducted whole short tds in the month of mar. Is company liable for interest for short dedution in earlier month liability of tds.or what is provision in this regard. please refer the circular or notification or sec. in this regard
(if any).


thanks& regards
ankur miital

I want to file online return of a trust.But while registration; website of income tax showing NAME error.
Is there any facility which gives me correct name & address of the pan holder?

I want to file online return of a trust.But while registration; website of income tax showing NAME error.
Is there any facility which gives me correct name & address of the pan holder?

Is it possible to demerge the business of a private limited company having negative networth .

A reputed group is also looking to engage some one having office in delhi to deal with demerger .

Kindly contact


Sandeep Rohatgi

9868705794

WHAT IS THE maxium contribution from employer & employee as per pf act.

I am writing down a pratical problem :-


(i) Opening WDV of Machinery on 01.04.2005 : 1300552/-

(ii) Assets destroyed due to fire & Insurance Claim received on
On 01.10.2005 : 5540639/-

(iii) New Machinery purchased after 01.10.2005 to 31.03.2006 : 6464630/-


Due to fire the whole machinery was not destroyed and few machinery was left intact after fire. What will be my WDV on 31.03.2006? Also whether any STCG will be levied as I have purchased machinery after receiving the Insurance claim? Whether the block will be counted at the end of the year?

my co. has to receive a fix amount from various defined customers on particular day of each month. i want to bring a procedure whereby i enter in to a agreement with my customers for transfer of the fix amount from their bank account to my co.'s account by giving standing instructions to the bank. Is it possible? Please define the procedure...

Sir,

Our organisation purchesed material from open tender as per our specification the same material will be utilised at other similar type of organisations and the same supplier supplied the same material to the other ultilisers also) further ownership of such material not transfered till to receipt of material at our premises.

there is no work involvement at all.

now the income tax authorities issued a notice for personal hearing on "why you are not making of TDS on your purchases"

kindly clarify whether these purchases are attact the TDS provisions and also request to name the any circular in favour of our argument.

yours faithfully

G Ramesh babu

Delayed payment of TDS attracts Interest @ 1% pm.
But how can this be presented in the return of TDS for the subsequent quarter.

Is there any problem if an indian company raises invoice in foreign currency to an indian company for the service rendered in india.