Sir,
One of my client(Partnership Firm) have a car loan from Audi Finance. During the FY 2013-14 he did not deducte any TDS on interest paid i.e. paid full instalment without deducting any TDS.
Now What are the remedies available.
a) He should not deduct any TDS?.
or
b) Deduct TDS on all FY from April-13 to March-14 monthwise and deposit with interest and revise TDS return??
Plzzz advise ASAP so that we could file our Q4 TDS retun in time.
Please inform the responsibility of buyer and seller.
Property value isabove 1 crores as per govt registration value. Buyer has paid an earnest amount of 40 lacs by cheque on 1-4-2014 to seller and final balance payment will be given at time of registration on 25-05-2014. Is TDS to be deducted for Rs.40 lacs or buyer can pay at time of final payment at time of property registration. What is buyers ans sellers responsibility and which forms are to be submitted by buyer and seller.
Whether sr.citizens are exempted from payment of advance tax?
Is so, difference of tax between tax payable and TDS amount at 10 percent deducted by banks on FDs can be paid as self assesment tax?
Whether self assesment tax can be paid in instalments in April,May and June.
According to Tamil Nadu Charitable Trust Act what is the minimum & maximum number of trustees required to form a Public Charitable Trust?
Assessee (Individual) main business is broker for real estate. Where he will be earning commission income on the same. In the span assessee has bought a property in different places and constructed in his own cost in short period of 6 to 8 Month (area less than 1200sqft).
Since the sale of property after construction the less than 36 Month
1. Should it be taxed at short term Capital Gain? or
2. Assessee main intention is to purchase a plot, construct and sell it should it be taxed as business income as construction contractor?
Kindly suggest.
Dear Sir,
I hope you are doing fine.
I want to know that if I purchase a new computer and other part of the computer as well as accessories things of the computer like scanner etc than the TDS is applicable on it. if yes. then please tell me the procedure for the same.
Thanks & Regards
Mohammad
Dear Sir,
Kindly reply for my query
I have invested Rs.5 lakhs in SBI Mutual funds before 4 years, now that amount accumulated to Rs.7 Lakhs.
Now, what my doubt is, while maturity, whether this returns is taxable or tax free?
i am undergoing my articleship from delhi and now due to some health issue i want to take transfer to my hometown karnal(haryana) and my training period is 1 year 5 months please tell me can i tKe the transfer??
Income Tax Refund cheque of one of my client was not received, due to wrong address then i gave refund reissue request on 05 th march 2014, and mentioned correct address and also ECS details but till now, he has neither received cheque nor ECS credit in his bank A/c ..... what to do,???
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Tds not deducted on intt.on car loan from private financer