I would like to know what is the rate at which the tds is to be deducted before paying the rent....

Can an assessee file TDS return even if he has not deposited the TDS deducted by him during the relevant quarter due to some financial problem so that he can atleast escape from penalty for non filing of return and subsequently file Revised TDS return when he actually deposits TDS?

The liability to deposit TDS deducted during the month of March is 31st May and for April its 7th May, for May its 7th June. Kindly opine whether its true otherwise plz correct me.

Suppose that there's a tv channel which buys the right to telecast a movie say twice in a year for three years and pays the entire amount in the first yer say Rs. 3,00,000....

Will this entire amount be allowed in the year of payment if the tv channel follows accrual system of accounting???

Kindly support will relevant sections & case studies...

I have a querry on Capital Gains.
Why should there be a capital gain on sale of Bonus shares by a shareholder, as the bonus is given out of the profits of the Company on which Tax is already paid by the Company, which would result in Double taxing by the Government?

Mr.X working in America for the past 2 years having salary income there. Also having imcome from House property in India. He should file the IT return or Not? If Yes then 1) He will be Resident Or NonResident? 2) who should sign the ITR form as he is living there?

I have been hearing news about companies avoiding taxation through investment in mauritus. Can you please throw more light on that? Is there a weblink I can refer to?

How does the foolowing instances amount to "invitaion to offer" and not an "(generAl) offer"?

A)A price list of goods for sale
B) Quoataion for lowest prices
c) Railway Time-table
d) Display of goods with price tag attached
e) Prospectus issued by a Company


in the refercnce book of MP Vijaykumar; these has been told as "invitation to make offer". My view is exactly the opposite.

For instance, in CASE A): the shopkeeper by keeping his Pricelist to the prospective customers is making an offer: in the list there is a Pen for Rs 10. Those who are in need of the pen and think the price is fair enough; wiill go to the shopkeeper and ACCEPT the (general) offer by paying him the Rs 10. And if he bargains; that is a counter offer.

Had he just dispalyed his goods at the window without any price tag; and sb comes and tells him " Sir, i wanna buy that BOOK for Rs 100" that should be an invitation to offer, isn't it??

CAN ANYBODY SEND ME VARIOUS FORMAT OF MIS REPORT UNDER MENTIONED MAILID:-

anujca79@yahoo.co.in

one of my clients an australian natinal has become a resident of india, as per the defenitions of IT act and Fema.
now he wants to buy a residential property in india... i) whether RBI permission is required
ii)whether he can sel the property after sometime and repatriate funds to australia.
iii) since he has become a resident of india, i think he has to pay tax on the income in australia also... if so what is the procedure for computation of total income

regards, madhav