ritesh kanodia
14 March 2008 at 10:24

TDS on land and building

Suppose a Co has taken two lands on Rent from Mr x. In 1st case rent is exceeding 120000 p.a and in 2nd case it is amounting to only 80000p.a so as per the statutory norms whether TDS should be charged for both the payments or for the one exceeding 120000 only.rep ASAP


Ranvir Shaw
14 March 2008 at 10:15

sec 271 (1)(c)

can any provide me details of the case law
"2007-TIOL-134-ITAT-DEL.doc"
this is the link which was found in the site taxindiaonline.com
Anybody having the subscription to the above site can get the case law.
matter of the case law given in brief
" There is a major difference between the furnishing of inaccurate particulars of income and furnishing of inaccurate computation of taxable income and this is a case of incorrect computation of income - Assesse Case Upheld"


Ranvir Shaw
14 March 2008 at 10:10

282 ITR 642 (Gujrat)

kindly anybody pleased send me the case law pertaining to above ITR


saritha
14 March 2008 at 09:03

direct taxes

should we remember for exam purpose ,the interest rates of SBI for valuation of perquisites in case an employee receives an interest free loan.

will the interest rates of SBI will be given in exam


saritha
14 March 2008 at 08:54

direct taxes

what is meant by balancing charge under section 50A


saritha
14 March 2008 at 08:52

direct taxes

In case an asset is purchased under lease ,
should the depreciation be claimed by lessee/lessor


ananthakrishnan v
14 March 2008 at 06:19

Revenue Recognition

Whether inter unit transfers can be treated as sales?


prasad
13 March 2008 at 23:11

Tds at lower rates

Well this seems a very simple query.The current TDS rates applicable for Professional Fees would seem to be a bit on the higher side for those professionals whose margins are on the lower side, particularly when WORK is sublet to another Professional.

In this regard , CAN A Chartered Accountant enter into a Contract with the fellow CA and deduct tax at 2.266 % since there exists a contract for the services rendered .Or is it that the Rate would be 10 % + applicable surcharge / cess only since it involves Professional Services.

Is the contractor / Sub contractor clause meant only for labour / job contracts and the like.



CA H M JOHARI
13 March 2008 at 22:41

turnover mean under section 44 AB

If any person sale goods on behalf of his prinicipal wheather sale proceed constitutes turnover or only C & F gross commission deemed to be his turnover


CA MITHLESH KUMAR

hi....
this is ca mithlesh
i just wanna to know whether an internal auditor of a company can be a signing authority in respect of various returns & documents of the company in which he is internal auditor.
in fact i have been appointed as an internal auditor of a Ltd co. but as per the terms of offer the company want me to sign all the returns and records related to the company. is it possible????






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