anybody suggest me how to deposit my tds through online banking pls immeditely ans

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. In my opinion as the required amt is deposited with the govt. and there is merely a re-imbursement of actual cost and so TDS is not required. Could you plz substantiate your answer with some decided case laws/circulars.

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. In my opinion as the required amt is deposited with the govt. and there is merely a re-imbursement of actual cost and so TDS is not required. Could you plz substantiate your answer with some decided case laws/circulars.

I want to know that what is the basic difference between Notification & Circular. Which is more powerfull. Kindly advice me.

There is a service provider 'T' which provides services to 'X' for which there is a contract between 'X' & 'T'. 10% of the total service charges are paid by 'Y' to 'T' on behalf of 'X'. 'Y' an independent party to 'X'. 'Y' deducts TDS on the same and deposit to govt. Rest of the 90% is paid by 'X' and TDS deducted accordingly. Later 'X' reimburses 'Y' the gross amount paid by 'Y'. Question is whether this re-imbursement by 'X' to 'Y' would again be liable to TDS. Could you plz substantiate your answer with some decided case laws/circulars. Thanks

Dear Sir,

I have one query regarding the TDS rate,When actually we can determine when the tds rate will be applicable with surcharge and when without surcharge.When I referred TDS chart I seen that It is on the basis of Total Payment made to the party during the year,but my query is that whether that 1 Crore & 10 lakh limit is for Payment or for Income of the party? I mean to say If total payment exceeds Rs 1 crore in case of Company & Firm & 10 lacs in case of HUF then TDS rate with surcharge applicable or when the Income of Compay,Firm or HUF exceeds above limit?

Kindly resolve my query and reply asap

Thank you

whether tds entry should be made along with the entry of Provision entry,which is made on estimation basis at the end of each month

can u please tell me, which the AUDIT FEES provision section or notification in Income tax?
Mahesh

IS STIPEND RECEIVED BY THE ARTICLE CLERK EXENPT U/S10(16)?

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