Income Tax QnA - Page No 26248

All Resolved Open

Snehal Parikh

31 May 2008 at 16:38

Recovery of excess T.D.S Paid

The company had wrongly deducted t.d.s on interest and paid to the central government in accounting year 2007-2008.

Whether is it recovered during the accounting year 2008-2009 or not ?

If Yes, under which section of Income tax is recovered ?

shanil

31 May 2008 at 16:36

TDS LIABILITY ON PAYMENT OF NON-RESIDENT

Dear Sir,

We are Freight Forwarding Agents.
Recently while remitting funds to our Overseas Agents (Have no offices in India) our bank is asking for CA certificate in format under Section 195 of the Income Tax Act.

Whether these remittances are liable to Tax in India or not?

Please explain.

Regards,
Shanil

Nitin Sh

31 May 2008 at 16:32

please help me

ICAI - Announcement

Last Professional Education (Examination-II) extended to May 2009

Bos/Ancmnet/PE-II/227
May 30, 2008

As you may be aware, originally it was decided to hold the Professional Education (Examination-II) upto to May, 2008. However, the Council of the Institute has decided to hold two more Professional Education (Examination-II) in November, 2008 and May, 2009 as well, in order to mitigate the hardship being faced by the following categories of students:
Candidates who were exempted from passing the Professional Education (Examination-I) under proviso to sub-regulation (1) of Regulation 25B and are registered as candidates for the Professional Education (Course-II) and have also fulfilled the eligibility requirements.

Candidates who are registered for Professional Education (Course-II) after passing Professional Education (Examination-I) / Foundation Examination / Entrance Examination as the case may be and have not yet exhausted five consecutive attempts (after having been eligible for admission to the said examination).

Eligible candidates are, therefore, advised to avail the opportunity without fail.

Candidates who are registered for Professional Education (Course-II) but have not yet fulfilled their respective eligibility conditions are, however, advised to submit the prescribed number of test papers before July 1, 2008 and January 1, 2009 and become eligible for appearing in the November, 2008 and May, 2009 Professional Education (Examination-II), respectively.
Additional Director of Studies (SG).
i am ca inter student since nov 2000

what i come under above category?

kaushal

31 May 2008 at 16:31

194C tds..............

To whom 194 C applicable ?

i Mean who are contrasctors and subcontractors????

kaushal

31 May 2008 at 16:26

tax deduction

i received expert's answer as deduction of tds to be made on basis of bill wise

but i have seen shared file where it is mentioned that TDS deduction to be made P.A . basis

what is final conclusion ????

ankur

31 May 2008 at 16:16

Tax Liability of NRI

If an Non-Resident Indian(US Citizen) invest in Indian Co( whether public or Pvt Ltd) and capital gain arise on sale of investment what will be the tax treatment in india and in US.whether is liable to tax pay in india and can he get tax relief in USA for tax payment in India.

CA.Aakhilesh

31 May 2008 at 16:15

Final Yr attempt

Sir,

I am a CA Final yr student i am in New Scheme so in new scheme Final yr exam due After 2and half yr. so i clear my pe2 in Nov.07 then my Final yr attempt will due on Nov.2010. Is it True ? sir I heard about this matter from my Friends. so sir please Tell me My Final Yr Exams Will due on Nov.07 or May 07.

Thanks
Your sincerely
akhilesh nagpal