difference between capital market and financial market in detail....

A person residing in Abu Dhabi(say XYZ) engaged in the business of financial services and has large scale of clientele in UAE who are interested to invest funds in the financial products of Indian companies; Mutual Funds etc will refer its clientele to company (say ABC) in New Delhi.
Compensation is paid for the services rendered by XYZ to ABC company either by account payee cheque, demand draft.
please suggest how should I calculate TDS on such transactions?

Dear sir,


let me know bank fixed deposit for the Five year are beneficially in under section 80c.

awaiting for you revert

thanks & regard

Dear CA Club Members,

i want to know the tax implication in this case:

If a daughter who is residing in US and sending Rs. 30,000/Per Month to her mother for her personal use

will mother need to pay any tax on this cash receiving from daughter although daughter is already paying tax on her income in United state.

Will be there any TAX related responsibility on Mother. or she is not suppose to pay any tax on that money ??

Plz Help....

Best:
Ankul Maheshwari

It has been written in ICSI study material that where loan in contravention of sec. 295 has been repaid in full, then no imprisonment shall be made. Where it has been repaid proportionately, then imprisonment shall be reduced proportionately. Is it available for fine upto Rs. 50,000 also or only for imprisonment? Please reply.

Dear Sir, my question is regarding Excise duty payment in PLA & cenvat credit qus. our ER-1 return pending from Nov-2013 to Jan-2014 Nov PLA payment is 85 lacs Dec PLA payment is 1.05 crore jan-2014 payment NIL (due to cenvat utilized) so, please advise can we able to take cenvat credit from Nov-2013 to Jan-2014 & upload all returns today Regards, sanket sevak Mob:- 09925223862

Hello frnds

i have query about late tds return filling fee..my tds amount is 2456/- for quarter 2.
and today i am going to pay challan.so how much amount pay for late return.

thanx in advance

hi member's, I am looking for article ship. please suggest me how to search firm for article ship.

Dear Sir,

my question is regarding Excise duty payment in PLA & cenvat credit

qus.
our ER-1 return pending from Nov-2013 to Jan-2014
Nov PLA payment is 85 lacs
Dec PLA payment is 1.05 crore
jan-2014 payment NIL (due to cenvat utilized)

so, please advise can we able to take cenvat credit from Nov-2013 to Jan-2014 & upload all returns today

Regards,
sanket sevak
Mob:- 09925223862

Can Department ask for penalty/fee under section 234-E if return is filed without penalty/fee.


Section 234E – Levy of Fees:

Failure to submit e-TDS Statement on time will result in fees on the deductor.
If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.
The levied amount of fee is not supposed to exceed the TDS deductibles.
Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

It is clearly mentioned in the section 234E that fees is to be paid before filing the return.

My question is that Can Department ask for penalty/fee under section 234-E if return is filed without payment of penalty/fee.