To get finance for working capital, Commom collateral is mortaged to a bank. Can bank ask for both the firm has to give each other the personal guarantee for availing the facility due to loan default to any one account .

Whether Immovable property given on rent to Food Corporation of India (Govt.) liable to service tax?
The above immovable property is not a vacant land.

section 25 company have a pan with a status of company.software not allowed to generate itr 7 because in company itr 6 is generate.what we will do.can section 25 company allowed to apply for pan with company status or elsewhere.please give details regarding that.

If company is proprietor firm, & take loan in personal account, so, TDS deduction is applicable on loan or not ?

Hi..... I have to prepare an appeal before CIT(a) against an order u/s 143(3). I have few questions regarding this matter... 1. Is any court fees required to be paid on Form 35 or on the copy of assessment order?? 2. is the assessment order copy required to be certified?? if yes... by whom?? 3. which Assessment year to be filled in challan while depositing appeal fees?? Kindly answer.... Thanks..

Dear Sir,
Please guide me on the following Point.
M/s ABC Company Pvt. Ltd., situated in India.
Main Work / Business of said company is JobWork (Repair & Maintinance With Material)
Raised Invoice in Following Pattern to XYZ Ltd., Company situated in Bhutan :
BILL
M/s ABC Company Pvt. Ltd.
India
To;
XYZ Ltd, BILL No: 02
Bhutan BILL DT: 02/03/2014

Sr. No. Particulars Quantity Rate Amount
1 Material(uqj) 2 150 300
2 Material (cib) 3 235 705
3 Material (ouc) 1 141 141


Total of Material Sold 1146
Vat @ -- (Nil) due to Material Exported 0
Net Amount of Material Sold 1146

4 Labour Charges 354

Service Tax @ 12.36% on Labour Charges 44

Grant Total : (Net Amount of Bill ) 1544

The Main Question is that M/s XYZ Ltd., Bhutan, deducted TDS (TDS of Income Tax) @ 3% on amount Rs. 1544/- from our Payment /Invoice & Balance paid to us (1544 Less TDS @ 3% =46/- =Total Rs. =1498/- Paid to us). How we can get benifit of this TDS amount towards our Income Tax Liabilities. The Said Company give us TDS Certificate raised under Govt. of Bhutan.
Your co operation will be highly appreciated.
Thanking You.
Your Sincerely,

(Ashok Kumar Pundir)
Cell No : 9897049500
E_Mail : pundirask@rediffmail.com

I am a property broker based out of Dubai.
I promote sales of properties of various Indian Developers in Dubai.
I recieve my commission here in Dubai from property developers?

Is TDS deductible by developers paying commission to foreign brokers in Dubai? I have NO Permamnent establishment in India.
I have a PAN Card , I do not have any other Taxable Income in India. Should I not get full commission without deduction of TDS as I am Non Resident, providing marketing services outside India and have no income in india. please advise the current Income Tax law on this. Thanks.

Hi,

I would like to know the applicability of Surcharge(SC) & education Cess while deducting TDS on payment to Non-Resident? If yes from which year?

As per CIRCULAR NO.03/2014 Surcharge and Ed Cess is applicable for FY-2013-14.

And TDS CPC has confirm that the Surcharge & ED cess will be applicable for Q-3 of FY 2013-14.

Can any body clare the position.

Dear Sir,
We are a State govt. office and our salary is paid by treasury office and they deducts tds thereon.
We had filed form 24Q for the 1st, 2nd. 3rd Quarter of FY 2013-2014 however in the absense of correct BIN, CPC has raised demand for short payment for 1st, 2nd, 3rd quarter.

We are unable to quote BIN because treasury office has mentioned TAN No our DDO's, instead of our own TAN, while filing form 24G.

Now please advise me what is the remedy -

1. We should ask treasury to file revise form 24G with our own TAN instead of our DDO TAN.

2. We should file revised return containing nil amount and ask our DDO to file form 24Q.

I am waiting for your opinion.

Dear all

If i have a house property at the place where i performed my employed. During previous year due to major repairing work i couldn't reside in my own house property. i took a flat in same town for my residence on rent. can i claim HRA benefit for this rent paid. My own house remains vacant during the whole year.