Dear Experts,
FACT:
Our company had given a contract of housekeeping to a contractor. We used to deduct TDS @ 2% on every payment made to contractor. However, due to minimum wage rate revisions, the contractor didnt pay their labourers the revised rate. Later, the labourers filed the case against our company for payment of differential portion of wages. The court ordered that differential payment has to be done by our company (being principal employer).

QUESTION:
1) Whether TDS is applicable for the above payment which is to be done by our company directly to labourers?
2) If TDS is applicable, then under which section the TDS to be deducted i.e under 194C or Salary??

Thanks in advance!!!

ITR-4S - TDS from Interest / What about business activity TDS ?

While filling ITR4SUGAM form.
Where are we supposed to fill the details of the TDS deducted by our clients.
There is a sheet for TDS. But the way the form states , it seems to be meant for TDS applicable only for "Income from Other sources" ie Interest etc.
It says so : while filling up "Income from Other sources" to fill schedule TDS 2. And after generating XML. in the pre-XML check sheet generate also it states "Tax on Interest". No of entries and amount of TDS.

can this considered for business activity TDS ? or that tds is not allowed ?
that would be shocking !

took loan for construction of a house last year. construction is still in progress and partly loan amount is repaid but person who has taken loan still doesn't have possession of house. can he claim deduction of interest on loan and principal repayment under income tax act?

took loan last year for the construction of a house but the person who has taken loan still doesn't have possession of house. is it possible to claim interest on loan deduction and principal payment deduction for fy 2016-17

Gross Receipt How much. For Service + Other Business

FY2016-17 AY2017-18 ITR-4-SUGAM

Primary Business : Service Data Analytics - IT
Total Gross Service Sales : 12 Lacs
Matches with Service Tax returns - ST-3.

Side Income : Operated an Uber Cab with hired driver.
Gross Receipt ( 1 Lac NEFT plus 1 lac cash ).
This is receipt. Not profit.
Not reflected anywhere in ST-3.

Previous three years Gross Receipt matches perfectly with ST-3

Am certain that IncomeTax cross check this value with ServiceTax dept.
Have had communication from IT before , in case of mismatch.

What should Gross Receipt be ?
12 Lacs or 14 Lacs ?

how to get transitional rebate for a trader having stock the stock is @14.5% tax in karnataka vat I am asking for trader not any other

Respected Experts Plz let me know,Upto which date the belated return of central excise be filed with penalty

I have submited my enrollment data thr DSC, e sig and EVC all way validation error, what is problem, athorized person Pan no and name as per pan, give a solution validation error, thanks

I GOT AMENDEMENT IN CONSTITUION FROM MY STAE VAT AUTHORTIES ON OR WEF 01.04.2016 AMEDED FROM PARTNERSHIP TO PROPERTITORSHIP.
I GOT PW&ID FROM GSTIN IN OLD FIRMS PAN NO.WHICH IS DIFFERENT FROM PROPERTIOTOR PAN OBIVISELY IT SHOULD BE DIFFERENT.THEREFORE UNABLE TO MIGRATE AS ON TODAY 15.6.2017-LAST DATE.I HD ALEADY GOT THE ACK.FROM STATE VAT &MAILED TO GSTIN ABOUT THIS FOR CORRECTION IN PAN.WILL THIS SOLVE PURPOSE OR I HAVE TO APPLY FOR FRESH REGISTERATION IN GST?
DHARMESH GUPTA

Hi,

Recently, the company where i am working got a deposit from overseas from a friend of the MD. The person who transferred this is an Indian he transferred the amount when he was onsite for a project. This is kind of a loan, What explanation i can give to bank for this remittance ? Please advise,
Thank You.